Surge in Options Trading: Burlington, McDonald’s, and Flex LNG Stand Out
Today, notable activity has been observed in the options trading of several companies within the Russell 3000 index. Burlington Stores Inc (Symbol: BURL) recorded impressive trading volume, moving a total of 4,379 contracts to date. This figure equates to about 437,900 underlying shares, representing roughly 43.1% of BURL’s average daily trading volume over the past month, which stands at 1.0 million shares. A significant interest was noted specifically for the $320 strike call option set to expire on December 20, 2024, with 2,094 contracts traded today. This is equivalent to around 209,400 underlying shares of BURL. Below is a chart highlighting BURL’s trading history from the past twelve months, with the $320 strike indicated in orange:
Meanwhile, McDonald’s Corp (Symbol: MCD) has also seen substantial activity in its options market today with a total of 13,113 contracts traded. This amount reflects approximately 1.3 million underlying shares, making up a considerable 43% of MCD’s average daily trading volume of 3.0 million shares over the previous month. A high volume was noted for the $300 strike call option expiring on December 06, 2024, which accounted for 1,393 contracts traded today, translating to around 139,300 underlying shares of MCD. Below is a chart displaying MCD’s trading history for the last twelve months, with the $300 strike highlighted in orange:
Flex LNG Ltd (Symbol: FLNG) also experienced notable options trading volume. To date, there have been 1,807 contracts traded, which represents about 180,700 underlying shares and 43% of FLNG’s average daily trading volume, recorded at 420,040 shares over the past month. High interest was particularly seen for the $26 strike call option set to expire on December 20, 2024, with 1,057 contracts traded so far today—equating to roughly 105,700 underlying shares of FLNG. Below is the trading history chart for FLNG over the past twelve months, with the $26 strike highlighted in orange:
For insights regarding the different expiration dates available for options on BURL, MCD, or FLNG, visit StockOptionsChannel.com.
Today’s Most Active Call & Put Options of the S&P 500 »
Additional Resources:
- Stocks Conducting Buybacks That Hedge Funds Are Buying
- EUSA YTD Return
- MAC Options Chain
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
