Strong Options Trading Activity Highlights Key Players in the Market

FedEx, Darden Restaurants, and Adobe Show Intriguing Trends

In today’s trading session, FedEx Corp (Symbol: FDX) made headlines within the S&P 500 index, as notable options trading activity was recorded. A total of 27,287 contracts have changed hands so far, equating to approximately 2.7 million underlying shares. This figure represents about 175.2% of FDX’s average daily trading volume over the past month, which stands at 1.6 million shares. An especially large volume was observed for the $320 strike call option set to expire on December 27, 2024, with 2,258 contracts trading today, corresponding to around 225,800 underlying FDX shares. Below is a chart displaying FDX’s trailing twelve-month trading history, with the $320 strike marked in orange:

Darden Restaurants, Inc. (Symbol: DRI) also saw significant activity, with options volume reaching 9,701 contracts thus far. This volume indicates approximately 970,100 underlying shares traded, amounting to 79% of DRI’s average daily trading volume over the past month, which is 1.2 million shares. The $170 strike call option expiring on December 20, 2024, particularly stood out, accounting for 4,121 contracts traded today. That translates to roughly 412,100 underlying shares of DRI. A chart showing DRI’s trading history over the last twelve months is displayed below, with the $170 strike highlighted:

Meanwhile, Adobe Inc (Symbol: ADBE) reported an impressive options trading volume of 29,861 contracts, signifying about 3.0 million underlying shares, which is approximately 69.6% of ADBE’s average daily trading volume over the last month of 4.3 million shares. A notable spike was recorded for the $455 strike put option due to expire on December 20, 2024, with 1,507 contracts exchanged, representing around 150,700 underlying ADBE shares. The chart below illustrates ADBE’s twelve-month trading history, with the $455 strike marked in orange:

For additional details on the various expirations for FDX, DRI, or ADBE options, you can visit StockOptionsChannel.com.

Today’s Most Active Call & Put Options of the S&P 500 »

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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.