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

Spotlight on Allstate, American Express, and JPMorgan Chase

Today’s options trading shows significant activity among S&P 500 companies, particularly in Allstate Corp (Symbol: ALL), where 7,472 contracts have been traded so far. This figure is indicative of approximately 747,200 shares, equating to 50.2% of ALL’s average daily trading volume of 1.5 million shares over the past month. A notable spike occurred in the $160 strike put option, set to expire on January 17, 2025, with 994 contracts traded, representing around 99,400 shares of ALL. Below is a chart depicting ALL’s trading history for the last twelve months, with the $160 strike highlighted in orange:

American Express Co. (Symbol: AXP) also experienced notable options trading, with a total volume of 10,624 contracts. This translates to approximately 1.1 million underlying shares, or 45.1% of AXP’s average daily trading volume of 2.4 million shares over the last month. High trading volume was observed for the $300 strike put option expiring January 17, 2025, where 1,840 contracts changed hands, accounting for roughly 184,000 shares of AXP. The chart below shows AXP’s one-year trading history, with the $300 strike emphasized in orange:

JPMorgan Chase & Co (Symbol: JPM) recorded a large options trading volume of 41,795 contracts, corresponding to about 4.2 million underlying shares, or 45.1% of JPM’s average daily trading of 9.3 million shares over the past month. Particularly notable was the $242.50 strike call option expiring on January 10, 2025, with 4,961 contracts traded, which represents close to 496,100 underlying shares of JPM. Below is a chart displaying JPM’s trading history for the last twelve months, featuring the $242.50 strike highlighted in orange:

For a detailed view on available expirations for options on ALL, AXP, or JPM, visit StockOptionsChannel.com.

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

Also see:

• Dividend Giants Widely Held By ETFs
• Funds Holding TFPN
• MAXN Options Chain

The views and opinions expressed herein are those of the author and may not necessarily reflect those of Nasdaq, Inc.