Significant Options Moves on Monday: ALB, IBM, SNPS

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On October 19, 2023, notable trading activity was recorded for several S&P 500 components. Albemarle Corp. (Symbol: ALB) saw total options volume of 32,599 contracts, approximately 3.3 million underlying shares, representing 78% of its average daily trading volume of 4.2 million shares for the past month. The $110 strike call option expiring on December 19, 2025, was particularly active with 15,701 contracts traded.

International Business Machines Corp. (Symbol: IBM) reported options trading volume of 26,484 contracts, equating to about 2.6 million underlying shares, or 59.7% of its monthly average daily volume of 4.4 million shares. The $255 strike call option expiring on September 12, 2025, showed significant activity with 2,822 contracts traded.

Additionally, Synopsys Inc. (Symbol: SNPS) experienced options trading of 4,978 contracts, representing approximately 497,800 underlying shares, or about 47.7% of its average daily volume of 1.0 million shares. Notably, 531 contracts of the $670 strike call option expiring on September 12, 2025, were traded.

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