Significant Options Trading Activity in American Express, Seadrill, and Chevron

Among the components of the Russell 3000 index, options trading has reached notable volume levels today, particularly for American Express Co. (Symbol: AXP). So far, a total of 19,717 contracts have traded, representing roughly 2.0 million underlying shares. This figure is approximately 46.7% of AXP’s average daily trading volume of 4.2 million shares over the past month. Notably, the $220 strike put option expiring on May 16, 2025, has seen high interest with 1,192 contracts traded today, equating to around 119,200 underlying shares of AXP. The chart below illustrates AXP’s trailing twelve-month trading history, with the $220 strike indicated in orange:

Turning to Seadrill Ltd (Symbol: SDRL), options trading has generated a volume of 6,109 contracts today. This volume accounts for approximately 610,900 underlying shares, or about 46.6% of SDRL’s average daily trading volume of 1.3 million shares for the past month. A significant portion of this activity centers around the $25 strike call option expiring on July 18, 2025, which has recorded 4,014 contracts traded thus far, representing around 401,400 underlying shares of SDRL. The following chart highlights SDRL’s trailing twelve-month trading history, marking the $25 strike in orange:

Additionally, Chevron Corporation (Symbol: CVX) has shown robust options trading activity today with a total of 56,501 contracts traded. This represents about 5.7 million underlying shares, which is approximately 46.1% of CVX’s average daily trading volume of 12.3 million shares over the past month. Among the notable trades, the $160 strike put option expiring on May 16, 2025, is drawing attention, with 7,367 contracts traded so far, equating to around 736,700 underlying shares of CVX. Below is a chart depicting CVX’s trailing twelve-month trading history, with the $160 strike highlighted in orange:

For additional details on the various available expirations for options related to AXP, SDRL, or CVX, please visit StockOptionsChannel.com.

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