Spike in Options Trading for Major Companies: Goldman Sachs, Altria, and Starbucks

Today, options trading surged among several key players in the S&P 500 index, with significant activity detected in Goldman Sachs Group Inc, Altria Group Inc, and Starbucks Corp.

Goldman Sachs Sees High Trading Volume

Goldman Sachs Group Inc (Symbol: GS) recorded an impressive options trading volume today, with a total of 16,877 contracts exchanged. This figure translates to about 1.7 million underlying shares, which is approximately 70.5% of GS’s average daily trading volume over the past month, which stands at 2.4 million shares. The most notable activity involved the $640 strike put option set to expire on February 21, 2025, with 1,458 contracts trading today, representing around 145,800 underlying shares of GS. The accompanying chart illustrates GS’s trading history over the past year, with the $640 strike marked for emphasis:

Altria Group Experiences Strong Options Activity

In a similar vein, Altria Group Inc (Symbol: MO) witnessed substantial options trading today, totaling 50,962 contracts. This amount corresponds to about 5.1 million underlying shares, which is approximately 67.5% of MO’s average daily trading volume over the past month, reported at 7.6 million shares. The $56 strike call option, expiring February 28, 2025, was especially active, with 21,798 contracts trading today, reflecting approximately 2.2 million underlying shares of MO. The chart below depicts MO’s trading history for the last twelve months, highlighting the $56 strike in orange:

Starbucks Corp. Records Active Options Trading

Starbucks Corp. (Symbol: SBUX) also saw considerable options trading activity today, with 75,411 contracts exchanged. This corresponds to roughly 7.5 million underlying shares, making up 65% of SBUX’s average daily trading volume over the past month, which is 11.6 million shares. The $115 strike call option expiring on February 21, 2025, drew significant attention, as 27,542 contracts traded today, amounting to around 2.8 million underlying shares of SBUX. The following chart exhibits SBUX’s trading activity throughout the last year, with the $115 strike distinctly marked:

For a full range of available expirations for GS, MO, or SBUX options, check out StockOptionsChannel.com.

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

Also see:

• KFY YTD Return
• Noble Corp Past Earnings
• ELSE shares outstanding history

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