High Options Trading Volume in Discover, GM, and Caesars

Today, the S&P 500 index is experiencing significant options trading volume, particularly for Discover Financial Services (Symbol: DFS). As of now, 20,623 contracts have been traded, equating to about 2.1 million underlying shares. This activity represents around 70.3% of DFS’s average daily trading volume of 2.9 million shares over the past month. Notably, the $165 strike put option expiring on April 17, 2025, has observed high activity with 9,838 contracts traded, which corresponds to approximately 983,800 underlying shares. Below is a chart depicting DFS’s trailing twelve-month trading history, with the $165 strike highlighted in orange:

General Motors Co (Symbol: GM) is also witnessing robust options trading today, with 106,807 contracts exchanged. This total represents about 10.7 million underlying shares, making up 59.3% of GM’s average daily trading volume, which stands at 18.0 million shares for the past month. In particular, the $47 strike call option set to expire on April 11, 2025, has seen significant action with 10,573 contracts traded, accounting for around 1.1 million underlying shares. Below is a chart illustrating GM’s trailing twelve-month trading history, with the $47 strike highlighted in orange:

Caesars Entertainment Inc (Symbol: CZR) also shows a noteworthy trading volume today, with 36,051 contracts flowing through the market. This reflects approximately 3.6 million underlying shares, which is 57.3% of CZR’s average daily trading volume of 6.3 million shares over the past month. A particularly active option is the $18 strike put, expiring on September 19, 2025, which has recorded 11,808 contracts traded, representing around 1.2 million underlying shares. Below is a chart revealing CZR’s trailing twelve-month trading history, with the $18 strike highlighted in orange:

For additional details on other expirations for DFS, GM, or CZR options, please visit StockOptionsChannel.com.

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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.