Significant Friday Options Movement: INTC, DELL, OXY

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On the S&P 500 index, notable options trading was recorded for Intel Corp (INTC) on October 10, 2023. A total of 918,641 contracts have traded, equating to approximately 91.9 million underlying shares, or 58.8% of INTC’s average daily trading volume of 156.3 million shares over the past month. The $40 strike call option expiring on October 17, 2025, saw 69,945 contracts traded, representing roughly 7.0 million underlying shares.

Dell Technologies Inc (DELL) also experienced significant options trading today, with 45,816 contracts, or about 4.6 million underlying shares, representing 54.7% of its average daily trading volume of 8.4 million shares. High volume was noted for the $157.50 strike call option expiring on October 10, 2025, with 3,513 contracts traded, accounting for approximately 351,300 underlying shares.

Occidental Petroleum Corp (OXY) recorded options trading of 58,613 contracts, or approximately 5.9 million underlying shares, which is about 47.2% of OXY’s average daily trading volume of 12.4 million shares. The $44 strike call option expiring on October 10, 2025, had 2,126 contracts traded, representing roughly 212,600 underlying shares.

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