Surge in Options Trading Volume for Occidental Petroleum, First Solar, and McDonald’s
Highlights from Today’s Market Activity
Among the components of the Russell 3000 index, options trading activity peaked today for Occidental Petroleum Corp (Symbol: OXY). A total of 50,672 contracts have changed hands, which equates to roughly 5.1 million underlying shares. This figure represents about 45.4% of OXY’s average daily trading volume over the past month, totaling 11.2 million shares. Notably, the $60 strike put option, set to expire on January 17, 2025, recorded significant volume, with 4,590 contracts trading, representing around 459,000 shares of OXY. Below is a chart illustrating OXY’s trading history over the past twelve months, highlighting the $60 strike in orange:
First Solar Inc (Symbol: FSLR) also saw robust options trading, with 11,504 contracts executed today. This number translates to approximately 1.2 million underlying shares, making up a substantial 44.6% of FSLR’s average daily trading volume over the past month of 2.6 million shares. A particular standout was the $210 strike call option, expiring December 13, 2024, which recorded 741 contracts traded, accounting for approximately 74,100 underlying shares of FSLR. Below is a chart displaying FSLR’s trading history for the last twelve months, with the $210 strike prominently highlighted:
Additionally, McDonald’s Corp (Symbol: MCD) experienced an impressive options trading volume, with 13,074 contracts traded, reflecting approximately 1.3 million underlying shares. This figure constitutes about 44.3% of MCD’s average daily trading volume over the past month, which stands at 2.9 million shares. Intriguingly, the $300 strike call option expiring December 13, 2024, saw 1,517 contracts traded today, representing about 151,700 underlying shares of MCD. Below is a chart showing MCD’s trading history over the past twelve months, with the $300 strike indicated in orange:
For information on different expirations of OXY, FSLR, or MCD options, please visit StockOptionsChannel.com.
Today’s Most Active Call & Put Options of the S&P 500 »
Also see:
- PRG shares outstanding history
- XOXO Price Target
- FBM Options Chain
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
