Among the companies in the Russell 3000 index, options trading saw significant activity on October 3, 2023. Best Buy Inc. (BBY) experienced a volume of 19,800 contracts, equivalent to approximately 2.0 million underlying shares, representing 44% of its monthly average daily trading volume of 4.5 million shares. Notably, the $70 strike call option expiring on December 19, 2025, accounted for 2,304 contracts traded, about 230,400 underlying shares.
Similarly, Johnson & Johnson (JNJ) had 42,645 contracts traded, translating to roughly 4.3 million underlying shares, or 43.7% of its average daily volume of 9.8 million shares. The most active was the $195 strike put option expiring January 16, 2026, with 18,156 contracts exchanged, amounting to 1.8 million shares.
AMC Entertainment Holdings Inc. (AMC) saw even higher activity with 75,213 contracts traded, which equals about 7.5 million underlying shares and 43.7% of its average of 17.2 million shares traded daily. The $2.50 strike call option expiring December 19, 2025, recorded 10,414 contracts, indicating 1.0 million underlying shares involved.
