Options Trading Activity Sees a Surge in Boeing, Microsoft, and Carvana

Today’s trading volume in options for several Russell 3000 companies highlights significant investor interest.

Boeing Co. (BA) Hits Major Volume Milestones

In options trading, Boeing Co. (Symbol: BA) has experienced substantial activity today, with a total of 123,672 contracts changing hands. This translates to approximately 12.4 million underlying shares, since each contract represents 100 shares. This figure stands at 128.6% of BA’s average daily trading volume of 9.6 million shares over the past month. The $140 strike put option set to expire on October 18, 2024, saw particularly high interest, with 13,302 contracts traded—amounting to about 1.3 million underlying shares. Below is a chart illustrating BA’s trading history over the last twelve months, highlighting the $140 strike in orange:

Microsoft Corporation (MSFT) Options Trading Surges

Microsoft Corporation (Symbol: MSFT) options also demonstrated active trading today, with 235,909 contracts traded. This corresponds to around 23.6 million underlying shares and represents a notable 126.3% of MSFT’s average daily trading volume of 18.7 million shares over the past month. The $417.50 strike call option, expiring on October 11, 2024, reflected heightened interest, with 21,374 contracts trading. This equates to approximately 2.1 million underlying shares. Below is a chart depicting MSFT’s trading activity over the last year, with the $417.50 strike highlighted in orange:

Carvana Co. (CVNA) Sees Significant Options Activity

Carvana Co. (Symbol: CVNA) had an impressive trading day as well, with 41,017 contracts executed, representing about 4.1 million underlying shares. This volume equals 125.5% of CVNA’s average daily trading volume of 3.3 million shares over the month. The $195 strike call option set to expire on October 18, 2024, accounted for a notable volume, with 2,839 contracts traded, roughly 283,900 underlying shares. Below is a chart showing CVNA’s twelve-month trading history with the $195 strike highlighted in orange:

For more information on the various options available for BA, MSFT, or CVNA, please visit StockOptionsChannel.com.

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

Also see:

• ValueForum Discussion Community
• Top Ten Hedge Funds Holding TEL
• IRNT Historical Stock Prices

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