Surge in Options Trading for PayPal, Chevron, and JetBlue

Significant Activity Highlights Investor Interest

Today’s options trading activity reveals notable movements for several Russell 3000 companies. PayPal Holdings Inc (Symbol: PYPL) has experienced considerable interest, with 51,897 contracts traded. This volume equates to around 5.2 million underlying shares since each options contract represents 100 shares. Notably, this volume is about 49.6% of PYPL’s average daily trading volume of 10.5 million shares over the past month. The $82 strike call option expiring on October 18, 2024, attracted the most attention today, with 6,138 contracts traded, representing roughly 613,800 underlying shares. Below is a chart showcasing PYPL’s trading history for the last twelve months, with the significant $82 strike marked in orange:

Meanwhile, Chevron Corporation (Symbol: CVX) registered a trading volume of 36,471 contracts, which is equivalent to about 3.6 million underlying shares. This represents approximately 49.4% of CVX’s monthly average of 7.4 million shares. The $145 strike put option expiring on October 25, 2024, saw particularly high volume, with 5,294 contracts traded today, indicating around 529,400 underlying shares. The chart below displays CVX’s trading history over the past year, highlighting the $145 strike in orange:

JetBlue Airways Corp (Symbol: JBLU) reported an impressive options trading volume of 78,308 contracts, accounting for approximately 7.8 million underlying shares. This volume is nearly 49.3% of JBLU’s average daily trading volume of 15.9 million shares over the previous month. The $8 strike call option expiring on October 25, 2024, led the activity with 40,445 contracts traded, representing around 4.0 million underlying shares. Below is the chart showing JBLU’s trading history for the last twelve months, with the $8 strike highlighted in orange:

To explore various expiration dates for PYPL, CVX, or JBLU options, visit StockOptionsChannel.com.

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

Also see:

• TER Stock Predictions
• DUHP Videos
• IRET Videos

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