Active Options Trading: IBM, Pfizer, and Photronics See Significant Volume

Options trading activity for components of the Russell 3000 index has captured attention today, especially for International Business Machines Corp (Symbol: IBM). So far, a total of 16,931 contracts have been traded, which corresponds to about 1.7 million underlying shares. This volume represents 41.4% of IBM’s average daily trading volume over the past month, which stands at 4.1 million shares. Of particular note, the $240 strike call option set to expire on December 13, 2024, had a burst of activity, with 1,395 contracts traded, equating to approximately 139,500 underlying shares of IBM. Below is a chart presenting IBM’s trading history for the past twelve months, emphasizing the $240 strike in orange:

Pfizer Inc (Symbol: PFE) has also experienced heightened trading activity today, with 198,280 contracts exchanged. This amount translates to roughly 19.8 million underlying shares, accounting for 40.8% of its average daily trading volume of 48.5 million shares in the last month. A significant number of trades were noted for the $25 strike put option expiring on December 20, 2024, with 25,893 contracts traded, representing approximately 2.6 million underlying shares of PFE. Below is a chart showcasing PFE’s trading history over the past twelve months, with the $25 strike highlighted in orange:

Photronics, Inc. (Symbol: PLAB) is also part of today’s trading focus, showing a volume of 1,506 contracts traded, which corresponds to around 150,600 underlying shares. This represents 40.3% of PLAB’s average daily trading volume of 373,970 shares over the past month. Notably, the $25 strike call option expiring on March 21, 2025, saw high activity with 708 contracts signed, indicating approximately 70,800 underlying shares of PLAB. Below is a chart detailing PLAB’s trading history for the last twelve months, with the $25 strike highlighted in orange:

For additional information on the various expirations available for options on IBM, PFE, or PLAB, visit StockOptionsChannel.com.

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

Additional Information:

• CMG market cap history
• HMA YTD Return
• Top Ten Hedge Funds Holding IPA

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