Significant Tuesday Options Insights: LOW, INTC, OKTA

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Lowe’s Companies Inc (Symbol: LOW) reported significant trading activity on October 3, 2023, with a total volume of 12,694 contracts exchanged, equating to approximately 1.3 million underlying shares. This volume represents 44.8% of LOW’s average daily trading volume of 2.8 million shares over the past month. Notably, the $230 strike put option expiring on November 21, 2025, saw 5,005 contracts traded today, representing around 500,500 underlying shares.

Intel Corp (Symbol: INTC) also experienced high options trading volume with 558,729 contracts traded, representing approximately 55.9 million underlying shares, or 43.3% of INTC’s average daily volume of 128.9 million shares. The $40 strike call option expiring on October 17, 2025 had 46,951 contracts traded, corresponding to about 4.7 million underlying shares.

Okta Inc (Symbol: OKTA) recorded 12,604 contracts traded today, approximating 1.3 million underlying shares or 43.1% of its average daily volume of 2.9 million shares. The $92 strike call option expiring on October 03, 2025 saw 1,831 contracts exchanged, which is about 183,100 underlying shares.

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