Significant Tuesday Options Highlights: LUV, KEYS, COHR

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Among the notable options trading activity today, Southwest Airlines Co (LUV) reported a total of 24,438 contracts exchanged, equating to approximately 2.4 million underlying shares, or 46.7% of its average daily trading volume of 5.2 million shares. A significant portion of this volume was concentrated in the $55 strike call option, with 11,072 contracts trading, representing about 1.1 million shares.

Keysight Technologies Inc (KEYS) experienced 4,999 contracts traded, which corresponds to around 499,900 underlying shares, accounting for 45.6% of its average daily volume of 1.1 million shares. The $390 strike call option for KEYS saw particularly high activity, with 1,371 contracts exchanged.

Coherent Corp (COHR) recorded 32,161 contracts traded, representing approximately 3.2 million underlying shares, or 45.1% of its average daily volume of 7.1 million shares. Notably, the $315 strike put option drew attention with 2,140 contracts traded.

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