Surge in Options Activity: JPMorgan, Two Harbors, and FedEx Stand Out

Breakdown of Notable Options Trading for Today

Among the components of the Russell 3000 index, there’s significant interest in options trading today. Notably, JPMorgan Chase & Co (Symbol: JPM) has seen a total of 36,633 contracts traded, which translates to about 3.7 million underlying shares, since each contract represents 100 shares. This trading volume accounts for 42.5% of JPM’s average daily volume of 8.6 million shares over the past month. A key highlight is the $245 strike call option, set to expire on January 03, 2025, with 4,918 contracts traded today, representing roughly 491,800 shares. The chart below illustrates JPM’s trading history for the last year, highlighting the $245 strike in orange:

Another noteworthy performer is Two Harbors Investment Corp (Symbol: TWO), displaying a trading volume of 5,618 contracts today. This figure equates to around 561,800 underlying shares, accounting for a substantial 42% of TWO’s average daily volume of 1.3 million shares this past month. The $11 strike call option expiring on January 17, 2025, has drawn particular attention, with 2,648 contracts traded thus far, representing approximately 264,800 shares. Below is the chart outlining TWO’s trading history over the past twelve months, with the $11 strike highlighted in orange:

FedEx Corp (Symbol: FDX) also shows impressive options volume today with 8,887 contracts traded, which relates to around 888,700 underlying shares. This trading volume makes up about 41.8% of FDX’s average daily volume of 2.1 million shares observed over the last month. The focus here is on the $300 strike call option, expiring on January 17, 2025, with 434 contracts traded today, correlating to roughly 43,400 underlying shares. The following chart depicts FDX’s trading history for the last year, highlighting the $300 strike in orange:

For more details on various expirations available for options on JPM, TWO, and FDX, you can visit StockOptionsChannel.com.

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

Additional Resources:

• AXP Average Annual Return
• LGND Videos
• Institutional Holders of IEMF

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