Significant Monday Options Movement: INTC, LLY, ACAD

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On October 4, 2023, notable trading activity was reported for several components of the Russell 3000 index. Intel Corp (INTC) saw a total trading volume of 925,123 contracts, equating to approximately 92.5 million underlying shares, representing 87.5% of its average daily trading volume of 105.7 million shares over the past month. High volume was observed for the $117 strike call option expiring on September 28, 2026, with 33,890 contracts trading, representing about 3.4 million shares.

Eli Lilly (LLY) recorded 19,626 contracts traded, equivalent to around 2.0 million underlying shares, or 83.7% of its average daily trading volume of 2.3 million shares. The $1230 strike call option expiring October 2, 2026, was particularly active, with 1,406 contracts trading, representing approximately 140,600 shares.

Acadia Pharmaceuticals Inc (ACAD) had a trading volume of 14,154 contracts, translating to about 1.4 million underlying shares, or 73.3% of its average daily trading volume of 1.9 million shares. The $21 strike put option expiring October 16, 2026, saw 3,001 contracts traded, representing approximately 300,100 shares.

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