Significant Options Trading Activity Seen in Costco, Alphabet, and Palantir
Today’s options trading in the S&P 500 index revealed notable activity for several companies. In particular, Costco Wholesale Corp (Symbol: COST) experienced significant volume, with 28,511 contracts traded. This figure translates to approximately 2.9 million underlying shares, equating to about 123.8% of COST’s average daily trading volume over the last month, which is 2.3 million shares. The $1020 strike call option expiring on May 9, 2025, attracted attention, with 2,492 contracts traded, representing roughly 249,200 underlying shares. The chart below illustrates COST’s trailing twelve-month trading history, with the $1020 strike highlighted in orange:
Meanwhile, Alphabet Inc (Symbol: GOOGL) reported a robust options trading volume of 419,851 contracts, corresponding to approximately 42.0 million underlying shares. This represents about 108.4% of GOOGL’s average daily trading volume in the past month of 38.7 million shares. The $155 strike call option set to expire on May 9, 2025, saw particularly high activity, with 32,438 contracts traded today, accounting for approximately 3.2 million underlying shares. The following chart presents GOOGL’s trailing twelve-month trading history, highlighting the $155 strike:
Lastly, Palantir Technologies Inc (Symbol: PLTR) showed impressive options trading with a volume of 1.2 million contracts today. This volume translates to around 115.4 million underlying shares, amounting to about 101.4% of PLTR’s average daily trading volume over the last month of 113.8 million shares. The $120 strike call option expiring on May 9, 2025, generated high interest, with 54,389 contracts traded, representing approximately 5.4 million underlying shares. See the chart below for PLTR’s trailing twelve-month trading history with the $120 strike highlighted:
For detailed information on various available expirations for options on COST, GOOGL, or PLTR, please visit StockOptionsChannel.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
