Midweek Highlights: LNG, PWR, MGM Options Analysis

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On October 19, high options trading volumes were observed in several companies within the Russell 3000 index. Cheniere Energy Inc. (LNG) had a total of 7,005 contracts traded, equating to approximately 700,500 underlying shares and making up 44.7% of its average daily trading volume of 1.6 million shares. The most notable activity involved the $195 strike put option expiring on November 21, 2025, with 3,513 contracts traded, representing around 351,300 underlying shares.

Quanta Services, Inc. (PWR) reported 4,265 contracts traded, translating to about 426,500 underlying shares, or 43.2% of its average daily volume of 987,240 shares. The $440 strike call option expiring December 19, 2025, saw 712 contracts traded, accounting for approximately 71,200 underlying shares.

MGM Resorts International (MGM) experienced significant trading as well, with 19,223 contracts traded, representing approximately 1.9 million underlying shares, or 42.7% of its average daily volume of 4.5 million shares. High volume was noted for the $32 strike call option expiring October 31, 2025, with 5,593 contracts traded, equivalent to 559,300 underlying shares.

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