Among the components of the S&P 500 index, notable options trading activity was reported for United Airlines Holdings Inc (UAL), with 108,600 contracts traded on October 17, 2023, equivalent to about 10.9 million underlying shares. This figure represents approximately 159.7% of UAL’s average daily trading volume of 6.8 million shares over the past month. The most active option was the $105 strike call option, with 23,986 contracts traded, accounting for around 2.4 million underlying shares.
Boeing Co. (BA) experienced options trading of 42,285 contracts, representing approximately 4.2 million underlying shares, or 72.7% of its average daily volume of 5.8 million shares. High volume was noted for the $220 strike put option, with 2,959 contracts trading, equating to about 295,900 underlying shares.
Wells Fargo & Co (WFC) saw the highest volume among the three, with 119,172 contracts traded, representing approximately 11.9 million underlying shares, or 69.2% of its average daily trading volume of 17.2 million shares. The $85 strike call option was particularly active, with 30,595 contracts traded, representing around 3.1 million underlying shares.
