Strong Option Volumes Reflect Investor Engagement
Among the various components of the Russell 3000 index, significant options trading volume was noted today, particularly for Alphabet Inc (Symbol: GOOGL). A total of 245,446 contracts have traded, which translates to about 24.5 million underlying shares. This figure represents approximately 73% of GOOGL’s average daily trading volume over the past month, which stood at 33.6 million shares.
A standout feature was the $197.50 strike call option, set to expire on December 27, 2024. It saw 30,588 contracts traded today, corresponding to roughly 3.1 million underlying shares of GOOGL. Below is a chart displaying GOOGL’s trading history over the last twelve months, with the $197.50 strike marked in orange:
On the other hand, Boeing Co. (Symbol: BA) is also experiencing notable activity, with 81,387 contracts traded thus far. This activity amounts to about 8.1 million underlying shares or 70.6% of BA’s average daily trading volume of 11.5 million shares.
The $180 strike call option expiring on December 27, 2024, attracted considerable attention, resulting in 4,663 contracts traded, which is approximately 466,300 underlying shares of BA. Below is a chart highlighting BA’s trading performance over the last twelve months, with the $180 strike featured in orange:
Additionally, Anavex Life Sciences Corp (Symbol: AVXL) recorded options trading volume of 8,723 contracts, representing around 872,300 underlying shares. This captures about 58.7% of AVXL’s average daily trading volume of 1.5 million shares.
The $15 strike call option, set to expire on January 17, 2025, saw heavy activity with 1,425 contracts traded today, equivalent to approximately 142,500 underlying shares of AVXL. Below is a chart showing AVXL’s trading history over the last twelve months, with the $15 strike highlighted in orange:
To explore the various expirations available for options on GOOGL, BA, or AVXL, please visit StockOptionsChannel.com.
Today’s Most Active Call & Put Options of the S&P 500 »
Also see:
• Top Ten Hedge Funds Holding FCRX
• Institutional Holders of JMU
• Institutional Holders of AHRN
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
