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On October 20, 2023, notable trading activity was observed in options for Micron Technology Inc. (MU), Robinhood Markets Inc. (HOOD), and International Business Machines Corp (IBM). Micron recorded a total trading volume of 164,680 contracts, corresponding to approximately 16.5 million underlying shares, which is 69.1% of its average daily trading volume of 23.8 million shares. The $200 strike put option expiring on November 21, 2025, saw 8,887 contracts traded, representing about 888,700 shares.
Robinhood’s options trading reached 175,402 contracts, equating to 17.5 million underlying shares, or 62.5% of its average daily volume of 28.1 million shares. The $130 strike call option for the same expiration date had 13,837 contracts traded, reflecting approximately 1.4 million shares. IBM options displayed a volume of 40,336 contracts, about 4.0 million underlying shares, which constitutes 60.2% of its average daily volume of 6.7 million shares. The $295 strike call option for IBM recorded 10,163 contracts traded, representing around 1.0 million shares.
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