Midweek Highlights in Options Trading: AMD, LLY, ALB

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Advanced Micro Devices Inc (AMD) saw significant options trading on October 10, 2023, with a total of 1.2 million contracts exchanged, representing approximately 119.2 million underlying shares. This figure is about 210.6% of AMD’s average daily trading volume of 56.6 million shares for the past month. Notably, the $260 strike call option expiring on November 14, 2025 accounted for 90,897 contracts traded, or about 9.1 million shares.

Eli Lilly (LLY) recorded options trading volume of 63,483 contracts, equivalent to approximately 6.3 million underlying shares, which is around 160.2% of its average daily trading volume of 4.0 million shares. The $1050 strike call option expiring on November 14, 2025 saw 4,780 contracts traded, representing approximately 478,000 shares.

Albemarle Corp. (ALB) had an options trading volume of 50,075 contracts, indicating around 5.0 million underlying shares, or approximately 150.9% of ALB’s average daily trading volume of 3.3 million shares. The $135 strike call option expiring on January 16, 2026 had 14,435 contracts traded, which equates to about 1.4 million shares.

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