Procter & Gamble, Goldman Sachs, and PepsiCo Experience Surging Options Trading
Procter & Gamble (PG) Sees Massive Options Activity
Among the key stocks in the S&P 500 index, Procter & Gamble Company (Symbol: PG) stands out today with significant options trading. So far, 50,184 contracts have changed hands, which translates to around 5.0 million underlying shares. This amount represents approximately 78% of PG’s average daily trading volume for the past month, which is 6.4 million shares. Notably, the $172.50 strike call option, set to expire on November 29, 2024, has drawn particular interest, with 18,378 contracts traded, reflecting about 1.8 million underlying shares for PG. Below is a chart detailing PG’s trading history over the last twelve months, emphasizing the $172.50 strike in orange:
Goldman Sachs (GS) Sees Elevated Options Volume
Goldman Sachs Group Inc (Symbol: GS) has also reported notable options trading, with 15,996 contracts traded, equivalent to approximately 1.6 million underlying shares. This volume represents about 70% of GS’s average daily trading volume of 2.3 million shares for the past month. The $595 strike call option, expiring on November 15, 2024, has seen particularly high activity, with 1,615 contracts traded, representing roughly 161,500 underlying shares of GS. Below is a chart showing GS’s trading history for the last twelve months, with the $595 strike highlighted in orange:
PepsiCo (PEP) Records Strong Options Trading
PepsiCo Inc (Symbol: PEP) has experienced significant options volume as well, with 34,837 contracts traded today. This figure corresponds to around 3.5 million underlying shares, accounting for a robust 69.7% of PEP’s average daily trading volume of 5.0 million shares over the past month. The $165 strike put option, set to expire on November 15, 2024, has shown high interest with 3,139 contracts traded, reflecting approximately 313,900 underlying shares of PEP. Below is a chart of PEP’s trading history over the past year, with the $165 strike indicated in orange:
For more information on available expirations for PG, GS, or PEP options, 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.
