Key Options Trading Activity in Major Companies Today

Investors show keen interest in Southwest Airlines, Colgate-Palmolive, and Coursera options.

Currently, notable options trading is taking place among the companies in the Russell 3000 index. One standout is Southwest Airlines Co (Symbol: LUV), which has seen a total of 35,001 contracts traded today. This volume translates to about 3.5 million underlying shares, given that each contract represents 100 shares. This figure is significant, making up 41% of LUV’s average daily trading volume of 8.5 million shares over the last month. Notably, the $31 strike call option expiring on October 25, 2024, already has 1,712 contracts traded, equating to around 171,200 underlying shares of LUV. Below is a chart illustrating LUV’s trading history over the past year, with the $31 strike highlighted in orange:

Colgate-Palmolive Co. (Symbol: CL) is also experiencing significant options activity with 16,958 contracts traded so far today. This volume corresponds to approximately 1.7 million underlying shares, accounting for 40.4% of CL’s average daily trading volume of 4.2 million shares over the past month. A remarkable amount of trading was noted in the $93 strike put option expiring November 15, 2024, with 3,526 contracts traded, which represents about 352,600 underlying shares of CL. Below is a chart showing CL’s trading history, with the $93 strike highlighted in orange:

Meanwhile, Coursera Inc (Symbol: COUR) had an options volume of 6,788 contracts today. This corresponds to roughly 678,800 underlying shares, making up 40.4% of COUR’s average daily trading volume of 1.7 million shares over the previous month. Today’s high volume was noted for the $7.50 strike call option expiring November 15, 2024, with 1,265 contracts traded, representing about 126,500 underlying shares of COUR. Below is a chart depicting COUR’s trading history over the past year, with the $7.50 strike highlighted in orange:

For information about the various available expirations for LUV, CL, or COUR options, visit StockOptionsChannel.com.

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

Also see:

• Home Improvement Stores Dividend Stocks
• Funds Holding CSX
• Funds Holding QCLN

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