Options Trading Buzz: High Volumes for Oracle, Salesforce, and Micron Technology

Significant trading activity is being observed today in options for several major companies in the S&P 500 index, particularly Oracle Corp (Symbol: ORCL), Salesforce Inc (Symbol: CRM), and Micron Technology Inc. (Symbol: MU).

Oracle Corp Sees High Activity in Options Trading

In Oracle Corp, a remarkable total of 61,854 contracts have traded today. This volume translates to approximately 6.2 million underlying shares, accounting for 96.2% of ORCL’s average daily trading volume of 6.4 million shares over the past month. Notably, the $202.50 strike call option expiring on December 06, 2024, has seen a strong interest, with 10,394 contracts exchanged so far, which equals around 1.0 million underlying shares. Below is a chart illustrating ORCL’s trading history over the past year, highlighting the $202.50 strike in orange:

Salesforce Inc Experiences Notable Options Volume

Turning to Salesforce Inc, the options market has recorded a volume of 48,341 contracts today, representing about 4.8 million underlying shares. This figure corresponds to 86.5% of CRM’s average daily trading volume of 5.6 million shares for the previous month. Additionally, the $335 strike call option set to expire on November 22, 2024, has gained attention, with 3,634 contracts traded today, reflecting around 363,400 underlying shares. Below, the chart captures CRM’s trading activity over the last twelve months, with the $335 strike marked in orange:

Micron Technology Shows Strong Demand for Options

Micron Technology Inc. is witnessing the highest trading volume among the three companies, with 107,846 contracts exchanged today. This represents about 10.8 million underlying shares, equating to 70.5% of MU’s average daily volume, which is 15.3 million shares. For the $104 strike call option set to expire on November 29, 2024, there have been 9,517 contracts traded today, corresponding to around 951,700 underlying shares. Below is the chart that outlines MU’s trading history, with the $104 strike highlighted in orange:

To explore the various expiration options available for ORCL, CRM, or MU, visit StockOptionsChannel.com.

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