Surge in Options Trading: Micron, Alphabet, and Boeing See Record Volumes

Micron Technology Leads with High Options Activity

Among the components of the S&P 500 index, Micron Technology Inc. (Symbol: MU) experienced remarkable options trading today. So far, 392,945 contracts have been traded, equating to approximately 39.3 million shares. This figure represents about 231.4% of MU’s average daily trading volume over the past month, which is 17.0 million shares. The standout was the $115 strike call option set to expire on December 20, 2024, where 25,888 contracts exchanged hands, representing around 2.6 million underlying shares of MU. Below is a visual of MU’s trading history over the last twelve months, highlighting the $115 strike in orange:

Alphabet Inc. Sees Significant Trading Volume

Alphabet Inc. (Symbol: GOOGL) followed suit with a strong options trading volume of 476,645 contracts, representing approximately 47.7 million underlying shares. This totals around 156.5% of GOOGL’s average daily trading volume of 30.5 million shares over the past month. The $200 strike call option expiring on December 20, 2024, also drew high interest, with 58,320 contracts traded so far today, reflecting roughly 5.8 million underlying shares of GOOGL. Here is a chart showcasing GOOGL’s trading activity over the past year, featuring the $200 strike highlighted:

Boeing Co. Experiences Robust Options Volume

Boeing Co. (Symbol: BA) reported an options volume of 141,578 contracts today, translating to around 14.2 million underlying shares. This figure is a significant 141.5% of BA’s average daily trading volume, which stood at 10.0 million shares over the previous month. Notably, the $175 strike call option expiring on December 20, 2024, was particularly active, with 8,769 contracts traded, corresponding to about 876,900 underlying shares of BA. A chart detailing BA’s trading history for the last twelve months is shown below, with the $175 strike marked in orange:

For additional details regarding various expiration options for MU, GOOGL, or BA, please visit StockOptionsChannel.com.

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