Target, Alphabet, and FedEx See Notable Options Trading Today
Among the underlying components of the Russell 3000 index, noteworthy options trading volume has emerged today for several major companies. Notably, Target Corp (Symbol: TGT) experienced a total of 43,589 contracts traded thus far, representing approximately 4.4 million underlying shares. This figure accounts for around 46.6% of TGT’s average daily trading volume, which stands at 9.4 million shares over the past month.
The most significant activity was observed for the $100 strike call option, set to expire on May 16, 2025. A total of 3,352 contracts have traded today for this option, equivalent to about 335,200 underlying shares of TGT. Below is a chart showing TGT’s trailing twelve-month trading history, with the $100 strike highlighted in orange:
Another significant player today is Alphabet Inc (Symbol: GOOG), which has seen options trading volume of 121,541 contracts. This number represents around 12.2 million underlying shares, which also equals approximately 46.6% of GOOG’s average daily trading volume, currently at 26.1 million shares over the last month.
High volume for GOOG was noted for the $170 strike call option expiring on April 25, 2025, where 4,596 contracts have traded today, equating to roughly 459,600 underlying shares. The following chart displays GOOG’s trailing twelve-month trading history, with the $170 strike highlighted in orange:
Finally, FedEx Corp (Symbol: FDX) recorded an options trading volume of 9,795 contracts, which corresponds to about 979,500 underlying shares. This volume is approximately 45.7% of FDX’s average daily trading volume of 2.1 million shares over the past month.
The $210 strike put option expiring May 16, 2025, stood out, with 1,534 contracts traded today, representing approximately 153,400 underlying shares of FDX. Below is a chart showing FDX’s trailing twelve-month trading history, with the $210 strike highlighted in orange:
For additional information regarding the various expirations available for TGT, GOOG, or FDX options, visit StockOptionsChannel.com.
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
