Surge in Options Trading Volume for Major S&P 500 Companies

Walt Disney, Adobe, and Pfizer attract significant attention in today’s market.

Among the S&P 500 index components, Walt Disney Co. (Symbol: DIS) experienced remarkably high options trading today. A total of 197,434 contracts were traded, which translates to about 19.7 million underlying shares. This trading volume is an impressive 196.1% of DIS’s average daily trading volume of 10.1 million shares over the last month. Notably, the $111 strike call option expiring on November 15, 2024, saw 11,403 contracts traded today, equating to roughly 1.1 million underlying shares of DIS. The following chart showcases DIS’s trading history over the past twelve months, highlighting the $111 strike in orange:

Turning to Adobe Inc. (Symbol: ADBE), options trading has also been high today. There have been 31,400 contracts traded, which corresponds to approximately 3.1 million underlying shares. This figure represents 121.2% of ADBE’s average daily trading volume of 2.6 million shares for the previous month. The $525 strike call option, set to expire on November 15, 2024, showed a significant volume of 1,102 contracts traded today, amounting to around 110,200 underlying shares of ADBE. Below is the chart depicting ADBE’s trading history for the last year, with the $525 strike marked in orange:

Pfizer Inc. (Symbol: PFE) has also seen a notable increase in options activity. Today, a total of 414,495 contracts were traded, representing approximately 41.4 million underlying shares. This figure accounts for 93.7% of PFE’s average daily trading volume of 44.2 million shares over the past month. Particularly remarkable was the trading of 24,132 contracts for the $25 strike put option, set to expire on November 15, 2024, which equates to about 2.4 million underlying shares of PFE. The following chart illustrates PFE’s trading history for the past twelve months, highlighting the $25 strike in orange:

To explore the various expiration options available for DIS, ADBE, or PFE, visit StockOptionsChannel.com.

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