**Options Trading Activity Overview: October 10, 2023**
Today, Apple Inc. (AAPL) reported a significant options trading volume of 885,381 contracts, equivalent to approximately 88.5 million shares, which is 188.8% of the average daily trading volume over the past month (46.9 million shares). Notably, the $295 strike call option expiring on May 8, 2026, accounted for 118,477 contracts, translating to around 11.8 million underlying shares.
Microsoft Corporation (MSFT) also experienced high trading activity, with 624,324 contracts traded, representing about 62.4 million shares, or 176.4% of its average daily volume of 35.4 million shares. The $430 strike call option, expiring on May 8, 2026, saw 44,338 contracts traded, equating to roughly 4.4 million shares.
Palo Alto Networks, Inc. (PANW) recorded 66,259 contracts, translating to about 6.6 million shares, which is 95.9% of its average daily trading volume of 6.9 million shares. The $160 strike put option expiring on June 18, 2026, had 6,696 contracts traded, representing approximately 669,600 underlying shares.
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