Surge in Options Trading for Occidental Petroleum, Nucor, and Sphere Entertainment
Occidental Petroleum Options Trading Booms
Among the members of the Russell 3000 index, significant activity was observed in Occidental Petroleum Corp (Symbol: OXY). Today, traders executed a total of 78,229 options contracts, equating to about 7.8 million shares. This figure represents approximately 73.5% of OXY’s average daily trading volume for the past month, which stands at 10.6 million shares. A particularly high demand was noted for the $47.50 strike call option set to expire on February 21, 2025, with 6,251 contracts traded, amounting to roughly 625,100 shares. Below is a chart that illustrates OXY’s trading performance over the last twelve months, with the $47.50 strike option marked in orange:
Nucor’s Options Volume on the Rise
Nucor Corp. (Symbol: NUE) is also experiencing heightened options trading, with 14,022 contracts exchanged thus far. This translates to approximately 1.4 million underlying shares, which is about 67.6% of NUE’s average daily trading volume over the last month, recorded at 2.1 million shares. One standout option is the $170 strike call expiring on April 17, 2025, with 2,578 contracts traded, equivalent to around 257,800 shares. As shown in the chart below, NUE’s previous twelve months of trading activity is highlighted, with the $170 strike emphasized in orange:
Sphere Entertainment Sees Increased Options Activity
Sphere Entertainment Co (Symbol: SPHR) has recorded options trading volume of 4,812 contracts today, representing about 481,200 shares. This accounts for approximately 66.1% of SPHR’s average daily trading volume over the past month of 727,565 shares. Heavy activity centered around the $42.50 strike call option expiring on January 17, 2025, with 2,251 contracts traded, amounting to around 225,100 shares. Below is a chart displaying SPHR’s trading history over the last twelve months, with the $42.50 strike option indicated in orange:
For further details on options available for OXY, NUE, or SPHR, please visit StockOptionsChannel.com.
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