Surge in Options Trading Highlights Activity in Major S&P 500 Stocks

Blackrock, lululemon, and Adobe See Increased Volume in Contracts

Today, options trading activity among S&P 500 index components reveals significant movement, particularly in Blackrock Inc (Symbol: BLK). A total of 3,695 contracts have been traded so far, which translates to approximately 369,500 underlying shares since each contract represents 100 shares. This volume accounts for 55.8% of BLK’s average daily trading volume of 662,205 shares over the past month. A remarkable focus has been on the $1100 strike call option expiring on January 17, 2025, with 1,046 contracts exchanged today, corresponding to about 104,600 underlying shares of BLK. Below is a chart showing BLK’s trading history for the past year, with the $1100 strike indicated in orange:

In addition, lululemon athletica inc (Symbol: LULU) has recorded options trading volume of 8,404 contracts today, which represents around 840,400 underlying shares, or 49.6% of LULU’s average daily trading volume of 1.7 million shares in the past month. A notable surge was observed for the $360 strike call option expiring on January 17, 2025, as 338 contracts changed hands today, representing approximately 33,800 underlying shares of LULU. Below is the chart illustrating LULU’s trading activity over the last year, with the $360 strike highlighted in orange:

Moreover, Adobe Inc (Symbol: ADBE) reported an impressive volume of 11,849 contracts traded thus far, equivalent to about 1.2 million underlying shares. This figure constitutes 44.9% of ADBE’s average daily trading volume, which stands at 2.6 million shares over the past month. The $515 strike call option expiring on December 06, 2024, attracted substantial interest with 350 contracts traded today, amounting to around 35,000 underlying shares of ADBE. The chart below displays ADBE’s trading history from the past year, highlighting the $515 strike in orange:

For more information on available expirations for BLK, LULU, or ADBE options, visit StockOptionsChannel.com.

Today’s Most Active Call & Put Options of the S&P 500 »

Additional Resources:

• Financial Stocks Hedge Funds Are Selling
• SYKE Stock Predictions
• KLIB Options Chain

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.