Options Trading Surge: LPL Financial, Insmed, and Bristol Myers Squibb at the Forefront

Options trading has intensified across several companies in the Russell 3000 index, with significant activity reported today.

LPL Financial Holdings Inc: Contract Volume Spikes

In the case of LPL Financial Holdings Inc (Symbol: LPLA), trading activity has reached 4,027 contracts, equating to approximately 402,700 underlying shares. This volume represents about 51.4% of LPLA’s average daily trading volume over the last month, which stands at 783,860 shares. Notably, the $300 strike call option expiring on November 15, 2024, has attracted heavy interest, with 3,212 contracts traded today, embodying around 321,200 underlying shares. Below is a chart displaying LPLA’s trading history over the past twelve months, with the $300 strike highlighted in orange:

Insmed Inc: A Strong Day for Options

Insmed Inc (Symbol: INSM) is also witnessing robust activity, with a total of 5,272 contracts traded today, translating to approximately 527,200 underlying shares. This figure constitutes 51.1% of the company’s average daily trading volume, which is about 1.0 million shares. The $85 strike call option expiring on January 17, 2025, has generated notable volume, with 1,045 contracts traded, representing approximately 104,500 underlying shares. The chart below outlines INSM’s trading activity over the last year, highlighting the $85 strike option:

Bristol Myers Squibb Co: High Volume Options Activity

Bristol Myers Squibb Co. (Symbol: BMY) has reported options trading volume totaling 42,915 contracts, which equates to about 4.3 million underlying shares. This volume accounts for approximately 49.9% of BMY’s average daily trading volume over the past month, sitting at 8.6 million shares. The $57.50 strike call option expiring on January 17, 2025, has also seen substantial interest, with 5,547 contracts trading today, reflecting roughly 554,700 underlying shares. Below is a chart displaying BMY’s trading history for the past twelve months, with the $57.50 strike highlighted in orange:

For more information on the various expirations available for options on LPLA, INSM, or BMY, visit StockOptionsChannel.com.

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