Midweek Highlights: Notable Options Action in LEN, SCHW, IBM

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Lennar Corp (LEN) experienced significant options trading on [date]. A total of 11,525 contracts were traded, equivalent to approximately 1.2 million underlying shares, making up 48.2% of its average daily volume of 2.4 million shares over the past month. The most notable activity was for the $85 strike put option expiring on May 15, 2026, with 5,302 contracts traded, representing around 530,200 underlying shares.

Charles Schwab Corporation (SCHW) also saw notable trading, with 56,439 contracts exchanged, equating to approximately 5.6 million underlying shares—48.2% of its average daily volume of 11.7 million shares. The $93 strike call option, expiring May 15, 2026, accounted for 14,595 contracts, representing about 1.5 million underlying shares.

International Business Machines Corp (IBM) reported a trading volume of 32,525 contracts, or approximately 3.3 million underlying shares, which is 47% of its average daily volume of 6.9 million shares. The $220 strike call option, expiring May 15, 2026, recorded 1,602 contracts traded, indicating around 160,200 underlying shares.

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