Surge in Options Trading Highlights Activity in PayPal, Las Vegas Sands, and AutoZone
PayPal Leads the Pack with Significant Call Option Volume
Looking at today’s options trading for S&P 500 companies, PayPal Holdings Inc (Symbol: PYPL) has captured attention with a total trading volume of 85,779 contracts. This impressive figure translates to about 8.6 million underlying shares, as each contract represents 100 shares. Notably, this volume accounts for 96.6% of PYPL’s average daily trading volume of 8.9 million shares over the past month. A standout was the $95 strike call option expiring on December 13, 2024, which saw 9,352 contracts traded, equivalent to approximately 935,200 underlying shares of PYPL.
Las Vegas Sands Shows Solid Activity in Option Contracts
Further analysis reveals that options for Las Vegas Sands Corp (Symbol: LVS) are also witnessing high trading activity, with 43,021 contracts changing hands today. This figure represents about 4.3 million underlying shares, constituting a robust 86.5% of LVS’s average daily trading volume of 5.0 million shares. A notable point is the $60 strike call option, set to expire on December 20, 2024, which has seen 8,696 contracts traded, amounting to approximately 869,600 underlying shares of LVS.
AutoZone Experiences Modest Trading Volume
Similarly, AutoZone, Inc. (Symbol: AZO) reported options trading volume of 920 contracts, equating to around 92,000 underlying shares. This volume represents about 65.7% of AZO’s average daily trading volume of 140,050 shares over the past month. Among the highlights, the $3050 strike put option expiring on December 20, 2024, had 103 contracts traded, which corresponds to approximately 10,300 underlying shares of AZO.
Explore More Options at StockOptionsChannel.com
To view additional options for PYPL, LVS, or AZO, visit StockOptionsChannel.com.
Today’s Most Active Call & Put Options of the S&P 500 »
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
