Surge in Options Trading Highlights Major Stocks in the S&P 500
Today’s options trading revealed significant activity within CVS Health Corporation, Lamb Weston Holdings Inc, and T. Rowe Price Group Inc, indicating potential market interest.
Among the components of the S&P 500 index, CVS Health Corporation (Symbol: CVS) witnessed impressive options trading today. A total of 159,107 contracts have changed hands, representing about 15.9 million underlying shares. This figure amounts to 128.2% of CVS’s average daily trading volume, which is 12.4 million shares over the last month. The $70 strike call option, set to expire on November 15, 2024, saw particularly high interest, with 13,013 contracts traded today, equivalent to approximately 1.3 million underlying shares. The following chart illustrates CVS’s trailing twelve-month trading history, highlighting the $70 strike in orange:
Similarly, Lamb Weston Holdings Inc (Symbol: LW) experienced a noteworthy options trading volume of 32,609 contracts. This represents about 3.3 million underlying shares, or 106.5% of LW’s average daily volume of 3.1 million shares for the past month. The $80 strike call option, also expiring on November 15, 2024, showcased elevated activity with 11,281 contracts traded today, amounting to around 1.1 million underlying shares. Below is LW’s trading history over the past twelve months, with the $80 strike highlighted:
Lastly, T. Rowe Price Group Inc (Symbol: TROW) recorded options trades totaling 10,449 contracts today, translating to about 1.0 million underlying shares. This constitutes 94.7% of TROW’s average daily volume of 1.1 million shares over the last month. A notable spike occurred with the $100 strike put option, set to expire on November 15, 2024, which had 4,560 contracts traded today, representing approximately 456,000 underlying shares. The chart below depicts TROW’s trading history for the past twelve months, with the $100 strike highlighted:
For more information on various available options expirations for CVS, LW, or TROW, visit StockOptionsChannel.com.
Today’s Most Active Call & Put Options of the S&P 500 »
Also see:
• Institutional Holders of DFJ
• NUM Historical Stock Prices
• CRNT Stock Predictions
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
