Strong Options Activity Highlights Major Players in the S&P 500

Today, the options market showed significant trading volumes for key companies within the S&P 500 index, particularly Eli Lilly, Moderna, and Citigroup.

Eli Lilly Surges with High Trading Volume

Eli Lilly (Symbol: LLY) experienced a noteworthy volume in options trading today, with a total of 83,633 contracts exchanged. This figure converts to roughly 8.4 million underlying shares, equating to about 215.2% of LLY’s average daily trading volume of 3.9 million shares over the last month. Notably, the $830 strike call option set to expire on November 8, 2024, reached a trading volume of 3,446 contracts today, representing nearly 344,600 underlying shares. The chart below illustrates LLY’s trading activity over the past twelve months, with the highlighted $830 strike in orange:

Moderna Sees Robust Options Activity

Moderna Inc (Symbol: MRNA) also showed strong activity in options trading, with 68,653 contracts traded, translating to approximately 6.9 million underlying shares. This represents 123.3% of MRNA’s average daily trading volume of 5.6 million shares in the past month. The $49 strike put option expiring on November 15, 2024, attracted particular interest, recording 4,311 contracts exchanged for around 431,100 underlying shares. The following chart depicts MRNA’s trading history over the last twelve months, with the $49 strike clearly highlighted:

Citigroup’s Options Trading Momentum

Citigroup Inc (Symbol: C) reported noteworthy trading in options today, with a total of 174,603 contracts traded, corresponding to about 17.5 million underlying shares. This trading volume accounts for approximately 111.5% of C’s average daily volume of 15.7 million shares over the previous month. The $69 strike call option, set to expire on November 8, 2024, saw a notable volume of 28,319 contracts, representing roughly 2.8 million underlying shares. The following chart shows C’s trading history for the past year, with the $69 strike marked in orange:

For additional details on the various options expirations available for LLY, MRNA, or C, visit StockOptionsChannel.com.

Today’s Most Active Call & Put Options of the S&P 500 »

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