Surge in Options Trading: FedEx, NVIDIA, and lululemon Take Center Stage

Today’s options trading highlighted significant activity among key S&P 500 players, particularly FedEx, NVIDIA, and lululemon. Let’s dive into the numbers.

FedEx (FDX) Sees Unprecedented Options Activity

In today’s trading, FedEx Corp (Symbol: FDX) experienced a remarkable volume in options trading, with 19,611 contracts exchanged. This figure translates to around 2.0 million underlying shares, accounting for approximately 95.2% of the company’s average daily trading volume of 2.1 million shares observed over the last month. The most notable action came from the $250 strike put option, which expires on February 21, 2025, as 3,053 contracts were traded, representing roughly 305,300 underlying shares of FDX. Below is a chart displaying FedEx’s trailing twelve-month trading history, with the $250 strike clearly marked in orange:

NVIDIA (NVDA) Reflects Strong Options Interest

NVIDIA Corp (Symbol: NVDA) also reported impressive options trading activity today, with a total of 1.6 million contracts trading hands. This represents about 157.2 million underlying shares—approximately 77.9% of NVDA’s average daily trading volume of 201.7 million shares over the past month. A standout in this activity was the $140 strike call option, set to expire on December 27, 2024, where 132,680 contracts were exchanged, equating to around 13.3 million underlying shares of NVDA. The following chart outlines NVIDIA’s twelve-month trading history, highlighting the $140 strike in orange:

lululemon (LULU) Experiences Increased Options Trading

Additionally, lululemon athletica inc (Symbol: LULU) recorded a trading volume of 10,090 contracts today. This amount corresponds to approximately 1.0 million underlying shares, making up about 42.2% of LULU’s average daily trading volume of 2.4 million shares over the previous month. A significant portion of today’s activity centered around the $400 strike call option, which expires on December 27, 2024; here, 2,896 contracts were traded, indicating around 289,600 underlying shares of LULU. Below is a chart showing lululemon’s trading history over the last twelve months, with the $400 strike marked in orange:

For more details on options available for expiration related to FedEx, NVIDIA, and lululemon, visit StockOptionsChannel.com.

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

Also see:

• Top Stocks Held By Leon Cooperman
• Institutional Holders of IOAC
• NTE Split History

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