HomeMarket NewsNotable Friday Option Activity: UAL, JNJ, NEM

Notable Friday Option Activity: UAL, JNJ, NEM

Actionable Trade Ideas

always free

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in United Airlines Holdings Inc (Symbol: UAL), where a total volume of 40,929 contracts has been traded thus far today, a contract volume which is representative of approximately 4.1 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 49.4% of UAL’s average daily trading volume over the past month, of 8.3 million shares. Particularly high volume was seen for the $55 strike put option expiring May 24, 2024, with 5,293 contracts trading so far today, representing approximately 529,300 underlying shares of UAL. Below is a chart showing UAL’s trailing twelve month trading history, with the $55 strike highlighted in orange:

Loading+chart+—+2024+TickerTech.com

Johnson & Johnson (Symbol: JNJ) options are showing a volume of 38,803 contracts thus far today. That number of contracts represents approximately 3.9 million underlying shares, working out to a sizeable 49.3% of JNJ’s average daily trading volume over the past month, of 7.9 million shares.
Especially high volume was seen for the $165 strike call option expiring June 21, 2024, with 2,585 contracts trading so far today, representing approximately 258,500 underlying shares of JNJ. Below is a chart showing JNJ’s trailing twelve month trading history, with the $165 strike highlighted in orange:

Loading+chart+—+2024+TickerTech.com

And Newmont Corp (Symbol: NEM) saw options trading volume of 54,989 contracts, representing approximately 5.5 million underlying shares or approximately 49.3% of NEM’s average daily trading volume over the past month, of 11.2 million shares.
Especially high volume was seen for the $45 strike call option expiring June 21, 2024, with 5,152 contracts trading so far today, representing approximately 515,200 underlying shares of NEM. Below is a chart showing NEM’s trailing twelve month trading history, with the $45 strike highlighted in orange:

Loading+chart+—+2024+TickerTech.com

For the various different available expirations for UAL options, JNJ options, or NEM options, visit StockOptionsChannel.com.

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

Also see:

• Top Ten Hedge Funds Holding CPLS
• FLYW Videos
• Funds Holding PHSL

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

Swing Trading Ideas and Market Commentary

Need some new swing ideas? Get free weekly swing ideas and market commentary from Jonathan Bernstein here: Swing Trading.

Explore More

Weekly In-Depth Market Analysis and Actionable Trade Ideas

Get institutional-level analysis and trade ideas to take your trading to the next level, sign up for free and become apart of the community.