On October 10, 2023, Meta Platforms Inc (META) reported an options trading volume of 321,363 contracts, approximately 32.1 million underlying shares, which is 271% of its average daily trading volume of 11.9 million shares. The $735 strike call option expiring on July 11, 2025, saw notable activity with 25,303 contracts traded, equating to 2.5 million underlying shares.
Additionally, Netflix Inc (NFLX) experienced options trading of 43,839 contracts, representing around 4.4 million underlying shares, or 150.6% of its monthly average of 2.9 million shares. The $1300 strike call option expiring July 11, 2025, accounted for 2,493 contracts traded, roughly 249,300 underlying shares.
Meanwhile, Microsoft Corporation (MSFT) had an options volume of 233,177 contracts, about 23.3 million underlying shares, which is 118% of its average daily trading volume of 19.8 million shares. The $505 strike call option expiring on July 11, 2025, recorded 20,761 contracts traded, representing approximately 2.1 million underlying shares.
