Significant Monday Options Movement: COP, DELL, SPOT

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Among the components of the Russell 3000 index, ConocoPhillips (Symbol: COP) led in options trading today, with 46,423 contracts exchanged, equating to approximately 4.6 million underlying shares—64.4% of COP’s average daily volume of 7.2 million shares. Notably, 3,632 contracts of the $105 strike call option expiring March 20, 2026, were traded, representing about 363,200 underlying shares.

Dell Technologies Inc (Symbol: DELL) also saw significant options activity, recording 32,346 contracts, which covered around 3.2 million shares—64.4% of its average daily volume of 5.0 million shares. The $130 strike call option expiring January 09, 2026, had a substantial 1,674 contracts traded, representing about 167,400 underlying shares.

Additionally, Spotify Technology SA (Symbol: SPOT) reported options trading volume of 10,373 contracts, translating to approximately 1.0 million underlying shares—64.1% of its average daily volume of 1.6 million shares. The $600 strike put option expiring January 16, 2026, saw 1,162 contracts traded, accounting for about 116,200 underlying shares.

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