Options Trading Activity Highlights Volatility in Major Stocks

Recent options trading within the Russell 3000 index reveals significant activity, particularly with Alphabet Inc (Symbol: GOOG). Today, the trading volume reached 120,918 contracts, equating to approximately 12.1 million underlying shares, since one contract represents 100 shares. This volume constitutes 46.8% of GOOG’s average daily trading volume of 25.9 million shares over the past month.

Notably, the $165 strike call option set to expire on May 2, 2025, experienced especially high interest, with 9,855 contracts traded so far, representing about 985,500 underlying shares of GOOG. Below is a chart illustrating GOOG’s trailing twelve-month trading history, with the $165 strike highlighted in orange:

Golar LNG Ltd (Symbol: GLNG) is also showing elevated trading activity, with 9,178 contracts traded today, representing approximately 917,800 underlying shares. This figure accounts for 46.5% of GLNG’s average daily trading volume of 2.0 million shares in the past month.

The $50 strike call option expiring before May 16, 2025, attracted particular attention, with 3,277 contracts traded, corresponding to around 327,700 underlying shares. Presented below is a chart depicting GLNG’s trading history over the last year, featuring the $50 strike in orange:

Additionally, Chord Energy Corp (Symbol: CHRD) has noted a volume of 4,585 contracts traded today, amounting to approximately 458,500 underlying shares. This volume represents 45.8% of CHRD’s average daily trading volume of 1.0 million shares over the past month.

The $70 strike put option, also expiring on May 16, 2025, is particularly noteworthy, with 3,000 contracts traded, which reflects around 300,000 underlying shares. Below is a chart showing CHRD’s trading history over the past twelve months, with the $70 strike highlighted in orange:

For more details on the available expirations for options on GOOG, GLNG, or CHRD, visit StockOptionsChannel.com.

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