Palo Alto Networks, Inc. (PANW) experienced significant trading activity on October 10, 2023, with a total volume of 43,998 options contracts traded, representing approximately 4.4 million underlying shares. This volume accounts for 57.2% of its average daily trading volume of 7.7 million shares over the past month. Notably, the $450 strike call option expiring on September 18, 2026, saw the highest activity with 4,953 contracts traded, equivalent to about 495,300 underlying shares.
In parallel, Oracle Corp (ORCL) had trading volume of 178,777 contracts, translating to around 17.9 million underlying shares, which is 55.4% of its average daily volume of 32.3 million shares. The $150 strike call option expiring on July 10, 2026, led the trades with 12,344 contracts, representing about 1.2 million underlying shares.
Western Digital Corp (WDC) also reported strong options trading, recording 58,688 contracts, or approximately 5.9 million underlying shares, which is 54.9% of its average daily trading volume of 10.7 million shares. The $200 strike put option, expiring on July 17, 2026, had 5,494 contracts traded, representing roughly 549,400 underlying shares.
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