Surge in Options Trading for Tesla, Meta, and Netflix Today
Looking at options trading activity among S&P 500 index components, significant movement is seen today in Tesla Inc (Symbol: TSLA). Thus far, traders have exchanged 2.3 million contracts. This volume translates to approximately 228.9 million underlying shares, as each contract represents 100 shares. Notably, this figure is 194.6% of TSLA’s average daily trading volume over the previous month, which stands at 117.6 million shares. The $270 strike call option set to expire on March 28, 2025, has experienced particularly high trading activity, with 84,319 contracts changing hands today, equating to around 8.4 million underlying shares.
In another notable occurrence, Meta Platforms Inc (Symbol: META) recorded an options trading volume of 313,400 contracts. This represents approximately 31.3 million underlying shares, or approximately 178.4% of META’s average daily trading volume of 17.6 million shares over the past month. The $620 strike call option, also expiring March 28, 2025, has seen substantial activity, with 16,416 contracts traded, representing about 1.6 million underlying shares.
Lastly, Netflix Inc (Symbol: NFLX) has witnessed options trading of 65,095 contracts today. This volume translates to approximately 6.5 million underlying shares, or 117.5% of NFLX’s average daily trading volume of 5.5 million shares over the past month. The $1000 strike call option, expiring on March 28, 2025, has shown particularly high interest with 5,902 contracts trading, representing about 590,200 underlying NFLX shares.
For details on various available expirations for TSLA, META, or NFLX options, visit StockOptionsChannel.com.
Today’s Most Active Call & Put Options of the S&P 500 »
also see:
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• FOSL Insider Buying
• Funds Holding MFUL
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.