Significant Options Trading Activity in Major S&P 500 Stocks

Investors show strong interest in Citigroup, Freeport-McMoRan, and Eli Lilly options today.

Analyzing options trading on the S&P 500 index reveals noteworthy activity, particularly in Citigroup Inc (C). Today, a total of 77,772 contracts have been traded, equating to around 7.8 million shares. This represents 58.6% of Citigroup’s average daily trading volume of 13.3 million shares over the past month. The most active option is the $69 strike put option, set to expire on December 20, 2024, with 18,108 contracts trading today, representing approximately 1.8 million underlying shares. The chart below illustrates Citigroup’s trading history over the past year, highlighting the $69 strike in orange:

In another notable instance, Freeport-McMoRan Copper & Gold (FCX) has recorded options trading for a total of 63,916 contracts today. This figure translates to about 6.4 million shares, or 57.4% of the stock’s monthly average trading volume of 11.1 million shares. Significant activity was observed for the $50 strike call option that expires on May 16, 2025, with 10,063 contracts traded, representing roughly 1 million underlying shares. Below is the chart displaying FCX’s yearly trading history, highlighting the $50 strike:

Finally, Eli Lilly (LLY) has reached an options trading volume of 20,110 contracts, which corresponds to approximately 2 million shares, representing 56.2% of its average daily trading volume of 3.6 million shares in the past month. The $800 strike call option, set to expire on December 20, 2024, was particularly active, with 802 contracts changing hands today, equating to around 80,200 underlying shares. The following chart illustrates LLY’s trading history for the past twelve months, with the $800 strike highlighted in orange:

For information on available expiration dates for options on C, FCX, or LLY, visit StockOptionsChannel.com.

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

Also see:

• OPHT Insider Buying
• INCY RSI
• IRT Dividend History

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