Significant Friday Options Insights: GS, SIRI, ALLY

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Goldman Sachs Group Inc (GS) experienced significant options trading on October 10, 2023, with a total of 42,081 contracts traded, equating to approximately 4.2 million underlying shares. This volume represents 187.5% of GS’s average daily trading volume of 2.2 million shares over the past month. Notably, 2,601 contracts were traded for the $950 strike put option expiring July 24, 2026, indicating around 260,100 underlying shares.

SiriusXM Holdings Inc (SIRI) also saw active trading, with 63,329 contracts representing about 6.3 million underlying shares, or 142.6% of its average daily volume of 4.4 million shares. A particularly notable trade involved 15,443 contracts for the $31 strike call option set to expire on July 17, 2026, covering approximately 1.5 million underlying shares.

Ally Financial Inc (ALLY) reported options trading of 36,333 contracts, translating to roughly 3.6 million underlying shares, or 124.6% of its average daily volume of 2.9 million shares. The most significant activity was seen in the $47 strike call option expiring August 21, 2026, with 8,433 contracts traded, representing about 843,300 underlying shares.

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