High Options Activity Noted in General Electric, GEV, and FedEx

General Electric Co (Symbol: GE) experienced significant options trading today, with 34,633 contracts exchanged. This figure translates to about 3.5 million underlying shares, representing 65.9% of GE’s average daily trading volume of 5.3 million shares over the past month. The $220 strike call option expiring on June 20, 2025, saw particularly high interest, with 9,020 contracts traded, equating to roughly 902,000 underlying shares.

In related trading activity, GE Vernova Inc (Symbol: GEV) reported 14,444 options contracts so far today. This amount correlates to about 1.4 million shares, or 47.7% of GEV’s average daily volume of 3.0 million shares. The $480 strike put option, set to expire on July 18, 2025, accounted for 1,347 contracts, representing approximately 134,700 underlying shares.

FedEx Corp (Symbol: FDX) noted an options trading volume of 8,352 contracts, indicating around 835,200 underlying shares. This equals about 46.6% of FDX’s average daily trading volume of 1.8 million shares. Notably, the $232.50 strike call option expiring on May 30, 2025, had high activity with 4,275 contracts traded, representing approximately 427,500 underlying shares.