On October 5, 2023, Meta Platforms Inc (META) reported a trading volume of 543,523 options contracts, equivalent to approximately 54.4 million underlying shares, representing 420.4% of its average daily trading volume of 12.9 million shares. Notably, the $790 strike call option expiring August 15, 2025, saw 54,900 contracts traded, or around 5.5 million underlying shares.
Netflix Inc (NFLX) also experienced significant options activity, with 116,844 contracts traded, translating to about 11.7 million underlying shares and 310.8% of its average daily trading volume of 3.8 million shares. The $1250 strike call option, expiring August 15, 2025, accounted for 10,763 contracts, representing 1.1 million shares.
Tesla Inc (TSLA) had an even higher options trading volume of 2.6 million contracts, equating to approximately 259.6 million underlying shares, or 287.7% of its average daily volume of 90.3 million shares. The $335 strike call option expiring August 15, 2025, saw 216,468 contracts traded, representing around 21.6 million shares.
