Surge in Options Trading: Costco, Amazon, and Boeing Lead the Pack

Today, the S&P 500’s options trading saw significant activity, particularly from three major companies: Costco Wholesale Corp (Symbol: COST), Amazon.com Inc (Symbol: AMZN), and Boeing Co. (Symbol: BA).

Costco Sees Heavy Call Option Activity

Costco Wholesale Corp reported a total of 24,742 options contracts traded, equating to about 2.5 million underlying shares. This figure represents approximately 145.4% of COST’s average daily trading volume over the past month, which stood at 1.7 million shares. A notable spike occurred with the $975 strike call option expiring on November 15, 2024, as 4,131 contracts changed hands, translating to roughly 413,100 underlying shares. The following chart illustrates COST’s trading history over the last twelve months, with the $975 strike marked in orange:

Amazon’s Options Trading Matches High Volume

Amazon.com Inc recorded an impressive 325,293 contracts traded today, amounting to approximately 32.5 million underlying shares. This trading volume hits around 81.6% of AMZN’s average daily activity of 39.9 million shares over the past month. The $210 strike call option expiring on November 15, 2024, saw substantial activity with 54,508 contracts traded, reflecting about 5.5 million underlying shares. The chart below depicts AMZN’s trading trends over the past year, with the $210 strike highlighted in orange:

Boeing Options Show Robust Trading Volume

Boeing Co. also exhibited strong options trading, with a total of 149,694 contracts transacted today. This total corresponds to roughly 15.0 million underlying shares, accounting for about 79.9% of BA’s average daily trading volume of 18.7 million shares in the last month. The $150 strike call option expiring on November 15, 2024, attracted 10,060 contracts, which represents approximately 1.0 million underlying shares. Below is a chart reflecting BA’s trading patterns over the previous year, with the $150 strike marked in orange:

For more information on different expiration dates for options regarding COST, AMZN, or BA, visit StockOptionsChannel.com.

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

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