Palantir, Goldman Sachs, and CVS See Increased Options Trading Activity

Analyzing the Latest Trends in S&P 500 Options

Today’s options trading for S&P 500 companies reveals significant activity, particularly in Palantir Technologies Inc (Symbol: PLTR). So far, 488,681 contracts have changed hands, equating to about 48.9 million underlying shares, given that each contract stands for 100 shares. This volume represents 62.8% of PLTR’s average daily trading volume for the past month, which is 77.8 million shares. Notably, the $80 strike call option set to expire on December 20, 2024, has garnered attention with 31,973 contracts traded today, corresponding to around 3.2 million shares of PLTR. Below is a chart depicting PLTR’s trading history over the last twelve months, with the $80 strike marked in orange:

In another segment, options trading for Goldman Sachs Group Inc (Symbol: GS) indicates a volume of 11,613 contracts today. This figure represents approximately 1.2 million underlying shares, constituting 62.3% of GS’s average daily trading volume over the past month of 1.9 million shares. Among the contracts, the $585 strike call option expiring on January 3, 2025, has attracted considerable interest with 1,485 contracts traded, equivalent to about 148,500 shares. Below is a chart illustrating GS’s trading history over the prior twelve months, with the $585 strike accented in orange:

Lastly, CVS Health Corporation (Symbol: CVS) is witnessing considerable options activity today, with 58,804 contracts traded, which amounts to about 5.9 million underlying shares. This figure makes up 45.8% of CVS’s average daily trading volume for the last month of 12.8 million shares. The $50 strike call option expiring on January 17, 2025, has seen particularly strong trading, with 5,102 contracts exchanged, translating to approximately 510,200 shares of CVS. Below is a chart showing the trading history for CVS over the previous twelve months, with the $50 strike highlighted in orange:

For more details on available expirations for options on PLTR, GS, or CVS, check out StockOptionsChannel.com.

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

Also see:

• Dividend Stocks
• TERP Market Cap History
• PRST YTD Return

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