High Options Trading Activity Observed in S&P 500 Companies

Today, options trading in the S&P 500 index showcases significant activity, particularly in Eli Lilly (Symbol: LLY). So far, traders have executed 22,347 contracts, amounting to roughly 2.2 million underlying shares. This volume represents 57.2% of LLY’s average daily trading volume of 3.9 million shares over the past month. A notable highlight is the $850 strike call option expiring on April 25, 2025, with 2,211 contracts traded, translating to approximately 221,100 underlying shares. Below is a chart of LLY’s trading history over the past twelve months, with the $850 strike marked for emphasis:

Salesforce Inc (Symbol: CRM) experienced options trading of 36,049 contracts, representing about 3.6 million underlying shares. This figure is approximately 49.5% of CRM’s average daily trading volume of 7.3 million shares for the past month. The $265 strike call option expiring on April 25, 2025, garnered attention, with 3,543 contracts traded, equating to roughly 354,300 underlying shares. The chart below illustrates CRM’s trading performance over the last year, featuring the $265 strike highlighted:

Goldman Sachs Group Inc (Symbol: GS) recorded an options trading volume of 17,075 contracts, signifying approximately 1.7 million underlying shares. This total reflects around 45.9% of GS’s average daily trading volume of 3.7 million shares in the prior month. The $550 strike call option expiring on April 25, 2025, accounted for 1,769 contracts traded, or about 176,900 underlying shares. Below is the trading history for GS over the last twelve months, with the $550 strike marked:

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