Significant Thursday Option Movements: ON, UPS, FDX

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ON Semiconductor Corp (Symbol: ON) has seen significant trading activity today, with a total volume of 36,612 contracts traded, equivalent to approximately 3.7 million underlying shares. This represents 50.1% of ON’s average daily trading volume of 7.3 million shares over the past month. Notably, 3,014 contracts of the $81 strike call option expiring April 24, 2026, have changed hands, reflecting about 301,400 underlying shares.

United Parcel Service Inc (Symbol: UPS) reported a trading volume of 31,632 contracts, translating to approximately 3.2 million underlying shares, which accounts for about 49% of its monthly average of 6.4 million shares. The $108 strike call option expiring April 17, 2026, was particularly active, with 11,163 contracts traded, representing roughly 1.1 million underlying shares.

FedEx Corp (Symbol: FDX) has recorded a volume of 9,801 contracts today, representing around 980,100 underlying shares, or 47% of its average monthly trading volume of 2.1 million shares. The $390 strike call option expiring April 17, 2026, saw high activity with 7,175 contracts traded, equating to approximately 717,500 underlying shares.

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