Options Trading Picks Up for Leading Companies
Key Highlights from KLA Corp, Hershey, and Atlassian
Among the components of the Russell 3000 index, KLA Corp (Symbol: KLAC) experienced significant options trading today. A total of 5,837 contracts traded so far, equating to about 583,700 underlying shares. This figure represents roughly 50% of KLAC’s average daily trading volume, which stands at 1.2 million shares over the last month. A notable portion of today’s volume focused on the $640 strike put option, set to expire on November 15, 2024, with 755 contracts traded, accounting for approximately 75,500 underlying shares of KLAC. Below is a chart that illustrates KLAC’s trading history over the past year, with the $640 strike highlighted in orange:
The Hershey Company (Symbol: HSY) also reported robust options trading with 8,833 contracts exchanged, translating to approximately 883,300 underlying shares. This amount represents nearly 49% of HSY’s average daily trading volume of 1.8 million shares over the past month. A significant portion involved the $200 strike call option expiring on May 16, 2025, where 1,045 contracts traded, representing about 104,500 underlying shares of HSY. Below is the chart displaying HSY’s trading history for the last twelve months, with the $200 strike marked in orange:
Atlassian Corp (Symbol: TEAM) saw an influx of options trading as well, with 12,855 contracts changing hands. This accounts for about 1.3 million underlying shares, or roughly 49% of TEAM’s average daily trading volume, which is 2.6 million shares over the past month. The $245 strike put option expiring on November 15, 2024, particularly stood out, with 1,742 contracts traded, equating to approximately 174,200 underlying shares of TEAM. Below is a chart showing TEAM’s twelve-month trading history, with the $245 strike highlighted in orange:
For information on various expiration options for KLAC, HSY, or TEAM, visit StockOptionsChannel.com.
Today’s Most Active Call & Put Options of the S&P 500 »
Also see:
- Analyst Least Favorites
- Funds Holding CGIB
- Innodata Historical Earnings
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
