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On October 5, 2023, substantial trading activity was observed in options for several S&P 500 components. UnitedHealth Group Inc (UNH) reported a trading volume of 65,339 contracts, equating to 6.5 million underlying shares, or 82.3% of its average daily volume of 7.9 million shares. A notable surge occurred in the $340 strike call option expiring December 5, 2025, with 2,841 contracts traded, representing approximately 284,100 underlying shares.
Invesco Ltd (IVZ) saw options trading of 28,194 contracts, approximately 2.8 million underlying shares, which is 66.4% of its average daily volume of 4.2 million shares. The $26 strike call option expiring January 16, 2026, recorded a high trading volume of 6,076 contracts, representing 607,600 underlying shares.
JPMorgan Chase & Co (JPM) recorded options trading of 46,461 contracts, or about 4.6 million underlying shares, reflecting 58.5% of its average daily volume of 7.9 million shares. The $315 strike call option, expiring December 5, 2025, saw 2,726 contracts traded, equating to 272,600 underlying shares.
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