HomeMarket NewsSignificant Wednesday Options Movement: Highlights from CSCO, QRVO, and XOM

Significant Wednesday Options Movement: Highlights from CSCO, QRVO, and XOM

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Active Options Trading Today: Insights on Cisco, Qorvo, and Exxon Mobil

Cisco Systems Sees Impressive Volume

Looking at the options trading activity in the S&P 500 index, notable movements are happening today with Cisco Systems Inc (Symbol: CSCO). So far, a total of 147,262 contracts have been traded, which equates to around 14.7 million underlying shares—reflecting 85.2% of CSCO’s average daily trading volume over the past month of 17.3 million shares. Today’s highlights include the $59 strike call option set to expire on November 15, 2024, which has seen significant trading, with 8,630 contracts exchanged, representing about 863,000 underlying shares.

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Qorvo’s Options Trading Activity Surges

Qorvo Inc (Symbol: QRVO) also experienced active options trading with 17,690 contracts, representing around 1.8 million underlying shares. This accounts for approximately 84.5% of QRVO’s average daily trading volume of 2.1 million shares over the past month. A particularly high volume was noted for the $65 strike put option, expiring November 15, 2024, with 8,112 contracts traded so far today, indicating about 811,200 underlying shares.

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Exxon Mobil Options Show Strong Activity

In the case of Exxon Mobil Corp (Symbol: XOM), options trading reached a volume of 61,750 contracts so far today, representing about 6.2 million underlying shares. This figure equals approximately 48.2% of XOM’s average daily trading volume of 12.8 million shares over the past month. The $100 strike call option, set to expire on January 17, 2025, has shown considerable interest with 6,038 contracts traded today, translating to around 603,800 underlying shares.

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For more information on the available expirations for options from CSCO, QRVO, or XOM, please visit StockOptionsChannel.com.

nslideshow 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.

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