HomeMarket NewsNoteworthy Thursday Option Activity: LLY, CNC, BAC

Noteworthy Thursday Option Activity: LLY, CNC, BAC

Actionable Trade Ideas

always free

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Eli Lilly (Symbol: LLY), where a total volume of 15,513 contracts has been traded thus far today, a contract volume which is representative of approximately 1.6 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 59.3% of LLY’s average daily trading volume over the past month, of 2.6 million shares. Particularly high volume was seen for the $830 strike call option expiring May 31, 2024, with 1,759 contracts trading so far today, representing approximately 175,900 underlying shares of LLY. Below is a chart showing LLY’s trailing twelve month trading history, with the $830 strike highlighted in orange:

Loading+chart+—+2024+TickerTech.com

Centene Corp (Symbol: CNC) saw options trading volume of 20,335 contracts, representing approximately 2.0 million underlying shares or approximately 57.6% of CNC’s average daily trading volume over the past month, of 3.5 million shares.
Particularly high volume was seen for the $68 strike put option expiring June 07, 2024, with 4,157 contracts trading so far today, representing approximately 415,700 underlying shares of CNC. Below is a chart showing CNC’s trailing twelve month trading history, with the $68 strike highlighted in orange:

Loading+chart+—+2024+TickerTech.com

And Bank of America Corp (Symbol: BAC) saw options trading volume of 162,927 contracts, representing approximately 16.3 million underlying shares or approximately 53.3% of BAC’s average daily trading volume over the past month, of 30.6 million shares.
Especially high volume was seen for the $38.50 strike put option expiring May 31, 2024, with 30,461 contracts trading so far today, representing approximately 3.0 million underlying shares of BAC. Below is a chart showing BAC’s trailing twelve month trading history, with the $38.50 strike highlighted in orange:

Loading+chart+—+2024+TickerTech.com

For the various different available expirations for LLY options, CNC options, or BAC options, visit StockOptionsChannel.com.

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

Also see:

• Utilities Dividend Stock List
• Funds Holding FNAL
• WEA Average Annual Return

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.