Surge in Options Trading: Parker Hannifin, HP Inc., and Qualcomm Lead the Charge

Notable trading activity has emerged among key S&P 500 companies today, particularly in options contracts for Parker Hannifin Corp, HP Inc., and Qualcomm Inc.

Among the components of the S&P 500 index, Parker Hannifin Corp (Symbol: PH) has attracted significant attention with a total of 1,949 options contracts traded so far. This figure corresponds to approximately 194,900 underlying shares, accounting for about 42.1% of PH’s average daily trading volume of 463,145 shares over the past month. A particularly high interest rate was noted for the $640 strike call option set to expire on December 20, 2024, with 850 contracts traded, representing roughly 85,000 underlying shares of PH. Below is a chart depicting PH’s trading history over the last twelve months, with the $640 strike highlighted in orange:

Turning to HP Inc (Symbol: HPQ), the company has seen options trading volume reach 23,459 contracts today, equating to approximately 2.3 million underlying shares. This volume represents a healthy 41.4% of HPQ’s average daily trading volume of 5.7 million shares in the past month. The $38 strike call option, expiring on November 01, 2024, has particularly drawn interest, with 19,923 contracts traded, translating to about 2.0 million underlying shares of HPQ. Below is the trading history chart for HPQ, with the $38 strike highlighted in orange:

Qualcomm Inc (Symbol: QCOM) is also experiencing robust trading, with options volume reaching 27,253 contracts today. This translates to about 2.7 million underlying shares, representing 41.3% of QCOM’s average daily trading volume of 6.6 million shares over the last month. The $170 strike call option, set to expire on November 01, 2024, has seen notable activity with 1,846 contracts trading, equivalent to approximately 184,600 underlying shares. Here is a chart illustrating QCOM’s trading history over the last twelve months, with the $170 strike highlighted in orange:

For more information on available expirations for options related to PH, HPQ, or QCOM, please visit StockOptionsChannel.com.

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

Additional Resources:

• MBIO Options Chain
• LECO Dividend History
• CMBS Options Chain

The views and opinions expressed herein represent those of the author and do not necessarily reflect those of Nasdaq, Inc.