Surge in Options Trading: Key Insights from Major Companies

Unprecedented Activity in Meta, Tesla, and Netflix Options

Looking at today’s options trading patterns within the S&P 500 index, Meta Platforms Inc (Symbol: META) is experiencing remarkable activity. A total of 424,048 contracts have traded so far, reflecting around 42.4 million shares since each contract represents 100 shares. This figure represents a staggering 333.8% of META’s average daily trading volume, which stands at 12.7 million shares over the past month. The most active option was for the $600 strike call option slated to expire on November 15, 2024, with 63,257 contracts traded, equating to about 6.3 million underlying shares. Below is a chart displaying META’s trading history over the past twelve months, with the $600 strike marked in orange:

Next, we analyze Tesla Inc (Symbol: TSLA), where options trading has reached a volume of 1.6 million contracts. This constitutes about 156.9 million underlying shares and represents 160.8% of TSLA’s average daily trading volume of 97.6 million shares. The $340 strike call option, also expiring on November 15, 2024, has seen particularly heavy trading, with 69,762 contracts exchanged, translating to approximately 7.0 million underlying shares. Below is a chart showing TSLA’s twelve-month trading history, with the $340 strike delineated in orange:

Finally, Netflix Inc (Symbol: NFLX) reported trading of 57,974 contracts, which equals approximately 5.8 million underlying shares and 148.1% of NFLX’s average daily trading volume of 3.9 million shares. The $810 strike call option also slated for expiration on November 15, 2024, saw significant action with 4,481 contracts traded, amounting to around 448,100 underlying shares. Here’s a chart illustrating NFLX’s trading history, with the $810 strike highlighted:

For more information on available expirations for options related to META, TSLA, or NFLX, visit StockOptionsChannel.com.

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

Further Reading:

• SKP Historical Stock Prices
• BEAT Options Chain
• ADRD Videos

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