Unusual Options Activity Unfolds
While the stock market can sometimes seem like a relentless ocean with an ebb and flow that have investors constantly adjusting their sails, every once in a while, a storm of option trading activity creates ripples that catch the eyes of keen observers.
Exploring the Waters of GL
In the case of Globe Life Inc (GL), today’s trading activity has certainly been noteworthy. With a total of 36,572 contracts exchanging hands, representing around 3.7 million underlying shares, the volume has surged to 260.6% of GL’s average daily trading volume over the past month. Notably, the $80 strike put option expiring on May 17, 2024, has seen substantial attention, with 4,184 contracts traded, equating to approximately 418,400 underlying shares. This surge has painted the trading history chart of GL, with the $80 strike standing out like a beacon in the night, highlighted in radiant orange hues.
Charting New Territory with LLY
Eli Lilly (LLY) has also witnessed a surge in options activity today, with 16,626 contracts traded, representing approximately 1.7 million underlying shares. This spike amounts to around 67.7% of LLY’s average daily trading volume over the past month. Specifically, the $680 strike put option expiring on July 19, 2024, has garnered particular interest, with 892 contracts changing hands, equivalent to about 89,200 underlying shares. The chart depicting LLY’s trading history now showcases the $680 strike, illuminated in a vibrant shade of orange.
Navigating the Tides of HII
Huntington Ingalls Industries, Inc. (HII) has not been left out of the excitement, as options trading volume hit 2,210 contracts, representing around 221,000 underlying shares. This surge constitutes about 64.7% of HII’s average daily trading volume over the last month. The $280 strike call option expiring on June 21, 2024, has been particularly active, with 618 contracts traded, translating to approximately 61,800 underlying shares. The chart illustrating HII’s trading history now displays the $280 strike, shining boldly in orange hues.
Seeking Further Insights
For those intrigued by the various expiration opportunities within GL, LLY, or HII options, a visit to StockOptionsChannel.com may provide valuable insights and opportunities that could help navigate the turbulent waters of the stock market. As the trading day progresses, these options activities serve as beacons, guiding investors through the choppy seas of financial markets.
Today’s Most Active Call & Put Options of the S&P 500 »
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
