Surge in Options Trading for PayPal, Ford, and Grainger

Active Trading Day Highlights Volatility in Key S&P 500 Stocks

Options trading is buzzing today among S&P 500 components, particularly PayPal Holdings Inc (Symbol: PYPL). So far, a total of 96,364 contracts have changed hands, translating to around 9.6 million underlying shares since each contract represents 100 shares. This volume marks an impressive 119.1% of PYPL’s average daily trading volume over the past month, which sits at 8.1 million shares. Notably, the $72 strike put option expiring November 01, 2024, has seen heightened interest with 4,700 contracts traded, equating to approximately 470,000 underlying shares of PYPL. Below is a chart detailing PYPL’s trading activity over the past year, with the $72 strike highlighted in orange:

Meanwhile, Ford Motor Co. (Symbol: F) has reported a trading volume of 244,645 contracts today. This figure indicates approximately 24.5 million underlying shares, translating to a considerable 55.6% of F’s average daily trading volume, which is 44 million shares over the past month. The $10.50 strike put option expiring November 01, 2024, is particularly active, with 25,529 contracts traded—representing around 2.6 million underlying shares of F. The chart below illustrates F’s trading history over the last twelve months, emphasizing the $10.50 strike in orange:

W.W. Grainger Inc. (Symbol: GWW) is also experiencing notable options trading activity, with 1,061 contracts traded so far today. This represents about 106,100 underlying shares, accounting for roughly 55% of GWW’s average daily volume of 192,970 shares. The $940 strike call option expiring April 17, 2025, stands out with 467 contracts traded, equating to approximately 46,700 underlying shares of GWW. Below is a chart of GWW’s trading history over the past year with the $940 strike marked in orange:

To explore options availability for PYPL, F, or GWW, you can visit StockOptionsChannel.com.

Today’s Most Active Call & Put Options of the S&P 500 »

Also see:

• GNOM Videos
• Institutional Holders of FBC
• PKBK YTD Return

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.