Surging Options Volume: A Closer Look at Bank of America, T-Mobile, and Monolithic Power

Today, options trading activity has spiked significantly for several key players in the Russell 3000 index, highlighting investor interest.

Bank of America Sees High Call Option Activity

In Bank of America Corp (Symbol: BAC), options trading has reached a remarkable volume, with 185,444 contracts exchanged so far today. This trading involves about 18.5 million underlying shares, nearly half (49%) of BAC’s average daily trading volume over the previous month, which stands at 37.8 million shares. Notable activity is linked to the $50 strike call option expiring on February 21, 2025, recording 15,994 contracts traded today, equating to roughly 1.6 million underlying shares. Below is a chart illustrating BAC’s trading history over the past year, with the $50 strike marked in orange:

T-Mobile’s Options Volume Surges

Meanwhile, T-Mobile US Inc (Symbol: TMUS) has experienced impressive options activity as well, with 18,890 contracts traded today. This volume corresponds to approximately 1.9 million underlying shares, making up 48% of TMUS’s average daily trading volume of 3.9 million shares over the past month. A notable spike is observed in the $250 strike call option expiring on February 07, 2025, which has seen 11,887 contracts traded, representing around 1.2 million underlying shares. The following chart shows TMUS’s trading activity over the past year, with the $250 strike highlighted in orange:

Monolithic Power Experiences Strong Trading Volume

Finally, Monolithic Power Systems Inc (Symbol: MPWR) recorded options trading volume of 4,206 contracts today, which translates to approximately 420,600 underlying shares. This figure is about 47.7% of MPWR’s average daily trading volume of 882,500 shares over the past month. Noteworthy trading activity is seen in the $590 strike put option expiring on February 21, 2025, with 686 contracts exchanged today, equivalent to around 68,600 underlying shares. Below is a chart capturing MPWR’s trading history over the last twelve months, with the $590 strike marked in orange:

Explore More Options Data

For additional details on various expiration dates for options regarding BAC, TMUS, or MPWR, please visit StockOptionsChannel.com.

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

Also see:

• CSOD Insider Buying
• ETFs Holding WCC
• XLC shares outstanding history

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