Significant Friday Options Trading: GOOGL, GOOG, MMM Insights

Avatar photo

“`html

On October 2, 2023, significant trading activity was reported for Alphabet Inc (GOOGL), which saw a total volume of 239,231 contracts traded, equating to approximately 23.9 million underlying shares. This represents 75.6% of GOOGL’s average daily trading volume of 31.6 million shares. A notable spike occurred for the $245 strike call option set to expire on October 10, 2025, with 22,587 contracts exchanging hands, reflecting around 2.3 million underlying shares.

In a parallel trend, options for Alphabet Inc (GOOG) showed a volume of 147,108 contracts, which corresponds to about 14.7 million underlying shares—70.6% of its average daily trading volume of 20.8 million shares. The $245 strike call option expiring on October 10, 2025, accounted for 16,567 contracts traded, representing approximately 1.7 million shares.

Additionally, 3M Co (MMM) reported 16,144 contracts traded today, translating to about 1.6 million underlying shares, or 62.5% of its average daily trading volume of 2.6 million shares. The $160 strike call option set to expire on October 17, 2025, had a high volume of 5,153 contracts traded, amounting to about 515,300 underlying shares.

“`

The free Daily Market Overview 250k traders and investors are reading

Read Now