Sharp Increase in Options Trading for S&P 500 Companies

Options trading data reveals significant activity today among S&P 500 companies, particularly in Genuine Parts Co. (Symbol: GPC), Intel Corp (Symbol: INTC), and Seagate Technology Holdings PLC (Symbol: STX). This uptick may indicate growing investor interest or potential market movements ahead.

Genuine Parts Co. on the Rise

Genuine Parts Co. experienced remarkable options trading, with a total volume of 42,847 contracts exchanged today. This figure translates to around 4.3 million underlying shares, given that each contract corresponds to 100 shares. Such trading volume is an impressive 349.9% of GPC’s average daily trading volume from the previous month, which was around 1.2 million shares. The $115 strike put option expiring December 20, 2024, stood out with 22,604 contracts traded, equating to approximately 2.3 million underlying shares. Below is GPC’s twelve-month trading history, featuring the highlighted $115 strike:

Intel Corp Sees High Volume

Similarly, Intel Corp saw robust options trading activity, reporting 454,138 contracts traded today. This is equivalent to around 45.4 million underlying shares and roughly 63.3% of INTC’s average daily trading volume from the last month, which stood at 71.8 million shares. The $28 strike call option set to expire December 20, 2024, caught attention with 35,877 contracts exchanged, representing about 3.6 million underlying shares. The chart below illustrates INTC’s trading over the past year, with the $28 strike highlighted:

Seagate Technology Shows Notable Activity

Seagate Technology Holdings PLC reported trading of 11,149 options contracts so far today. This volume represents approximately 1.1 million underlying shares, accounting for 56.6% of STX’s average daily trading volume of around 2.0 million shares over the past month. The $100 strike put option expiring December 06, 2024, saw significant movement with 1,653 contracts traded, representing close to 165,300 underlying shares. Here is the chart indicating STX’s twelve-month trading history, highlighting the $100 strike:

For more information on available expirations for GPC, INTC, or STX options, visit StockOptionsChannel.com.

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