Surge in Options Trading: American Express, SoundHound, and Qualcomm Show Significant Activity

Recent trading activity in the Russell 3000 index highlights increased options trading volume for major companies, notably American Express, SoundHound AI, and Qualcomm.

In particular, American Express Co. (Symbol: AXP) has recorded substantial options trading volume today. A total of 12,811 contracts have changed hands, representing around 1.3 million underlying shares. This volume accounts for 49.6% of AXP’s average daily trading volume over the last month, which stands at 2.6 million shares. The $292.50 strike call option expiring on November 22, 2024, has attracted significant attention, with 2,793 contracts traded, equivalent to approximately 279,300 underlying shares. Below is a chart illustrating AXP’s trading history over the past twelve months, featuring the $292.50 strike in orange:

SoundHound AI Inc (Symbol: SOUN) is also experiencing active options trading, with 190,995 contracts traded today. This figure represents about 19.1 million underlying shares, making up 49.3% of SOUN’s average daily trading volume of 38.8 million shares over the past month. The $8 strike call option, set to expire on November 29, 2024, has seen high interest, with 32,199 contracts traded, or roughly 3.2 million underlying shares. The following chart displays SOUN’s trading history for the past twelve months, with the $8 strike highlighted:

Qualcomm Inc (Symbol: QCOM) is not far behind, recording an options trading volume of 43,818 contracts today. This corresponds to about 4.4 million underlying shares, which is approximately 48.9% of QCOM’s average daily trading volume of 9.0 million shares over the previous month. The $160 strike call option expiring on November 22, 2024, has garnered attention, with 1,949 contracts traded to date, representing around 194,900 underlying shares. Below is a chart reflecting QCOM’s trading history over the past twelve months, highlighting the $160 strike:

To explore various options expirations available for AXP, SOUN, or QCOM, check out StockOptionsChannel.com.

Today’s Most Active Call & Put Options of the S&P 500 »

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• CBRE RSI

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.