Market Movers: High Volume Options Trading for Major Companies
Today, trading activity has surged notably among some major players in the S&P 500 index. Options trading in Netflix Inc (Symbol: NFLX) has reached impressive levels, with a total of 101,733 contracts traded, equivalent to about 10.2 million underlying shares. This figure represents a striking 373.3% of NFLX’s monthly average daily trading volume of 2.7 million shares. The $880 strike put option expiring on December 27, 2024, saw particularly high interest, with 5,220 contracts traded, accounting for around 522,000 underlying shares. The trading history for NFLX over the past year is depicted in the chart below, highlighting the significant $880 strike in orange:
Tesla Inc (Symbol: TSLA) options are also experiencing remarkable trading volume today, with 2.3 million contracts exchanged. This translates to roughly 227.3 million underlying shares, representing 256.3% of TSLA’s monthly average daily trading volume of 88.7 million shares. The $450 strike call option, expiring on December 27, 2024, has attracted significant attention, with 112,114 contracts traded, representing approximately 11.2 million underlying shares. The trading history for TSLA is shown in the chart below, with the notable strike price highlighted:
Costco Wholesale Corp (Symbol: COST) has seen noteworthy options trading as well, with a total of 37,657 contracts traded today, representing about 3.8 million underlying shares—an impressive 181.3% of COST’s average daily trading volume of 2.1 million shares over the past month. The $945 strike put option expiring on December 27, 2024, attracted substantial volume, with 2,314 contracts traded, amounting to approximately 231,400 underlying shares. The trailing twelve-month trading history for COST is illustrated below, marking the $945 strike in orange:
For more details on options expirations for NFLX, TSLA, or COST, visit StockOptionsChannel.com.
Today’s Most Active Call & Put Options of the S&P 500 »
Also see:
- Consumer Stocks Hedge Funds Are Buying
- Funds Holding MCBC
- RPM Stock Predictions
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
