Active Options Trading Highlights for Qorvo, Quanta Services, and MGM Resorts
Today marks a significant day for options trading among S&P 500 companies, particularly for Qorvo Inc., Quanta Services, Inc., and MGM Resorts International. Let’s dive into the details.
Qorvo Inc. Sees Heavy Trading Activity
Among the most notable activity is Qorvo Inc (Symbol: QRVO), where 16,566 contracts have traded so far today. This volume indicates about 1.7 million underlying shares, which is 142% of QRVO’s average daily trading volume of 1.2 million shares over the past month. The $65 strike put option, expiring on November 15, 2024, was especially active with 8,551 contracts trading, equating to around 855,100 underlying shares. Below is a chart showing QRVO’s trading history over the last twelve months, highlighting the $65 strike in orange:
Quanta Services Experiences Notable Volume
Quanta Services, Inc. (Symbol: PWR) also had considerable options activity today, trading 4,248 contracts, which is about 424,800 underlying shares or 69.6% of its average daily volume of 610,350 shares over the previous month. A standout was the $320 strike call option, expiring December 20, 2024, with 1,702 contracts traded, representing approximately 170,200 shares. The chart below illustrates PWR’s trading history for the past year, with the $320 strike highlighted:
MGM Resorts Reports Strong Options Interest
MGM Resorts International (Symbol: MGM) saw robust trading as well, with 23,192 contracts exchanged, which corresponds to roughly 2.3 million underlying shares—69.4% of MGM’s average daily trading volume of 3.3 million shares in the last month. The $40.50 strike put option, expiring on November 1, 2024, attracted particular interest, with 10,082 contracts trading, representing about 1 million shares. Below is a chart showcasing MGM’s trading history, featuring the $40.50 strike in orange:
For more details on available expirations for QRVO, PWR, or MGM options, visit StockOptionsChannel.com.
Today’s Most Active Call & Put Options of the S&P 500 »
Also see:
- CLSK Average Annual Return
- Funds Holding IBDV
- Funds Holding PDCE
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
