Trading Activity Surges for Key S&P 500 Components

Today’s trading sessions reveal significant options activity for three companies within the S&P 500 index, highlighting potential investor interest.

High Volume for Lamb Weston Holdings

In Lamb Weston Holdings Inc (Symbol: LW), options trading volume reached an impressive 8,270 contracts. This figure accounts for roughly 827,000 underlying shares, or about 49.6% of LW’s average daily trading volume over the past month, which stands at 1.7 million shares. A notable spike occurred in the $67.50 strike put option set to expire on January 17, 2025, as 7,946 contracts traded, translating to approximately 794,600 underlying shares of LW. Below is a visual representation of LW’s trailing twelve-month trading history, with the $67.50 strike option marked in orange:

Lennar Corp Shows Solid Options Interest

For Lennar Corp (Symbol: LEN), today’s options activity saw 7,760 contracts traded, equating to approximately 776,000 underlying shares. This represents 45.3% of LEN’s average daily trading volume of 1.7 million shares over the last month. The $177.50 strike call option expiring on December 20, 2024, drew particular attention, with 1,597 contracts traded, corresponding to about 159,700 underlying shares of LEN. Below is a chart detailing LEN’s twelve-month trading activity, with the $177.50 strike highlighted:

Devon Energy Corp Sees Strong Activity

Devon Energy Corp. (Symbol: DVN) reported even more significant trading, with 36,248 contracts exchanged thus far. This volume represents approximately 3.6 million underlying shares, equivalent to 44.3% of DVN’s average daily trading volume of 8.2 million shares over the past month. The $37 strike call option, expiring on December 13, 2024, had a notable volume as well, with 8,148 contracts trading, representing around 814,800 underlying shares of DVN. The chart below illustrates DVN’s trailing twelve-month trading history, with the $37 strike option marked:

For more details on the various available expirations for options on LW, LEN, or DVN, please visit StockOptionsChannel.com.

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

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