Among the underlying components of the S&P 500 index, Palo Alto Networks, Inc. (PANW) saw significant options trading on October 2, 2023, with a total of 32,802 contracts traded, representing approximately 3.3 million underlying shares. This volume reflects about 47.4% of PANW’s average daily trading volume of 6.9 million shares over the past month. Notably, the $400 strike call option for expiration on October 2, 2026, accounted for 2,193 contracts, equating to roughly 219,300 underlying shares.
In the same trading session, Take-Two Interactive Software, Inc. (TTWO) recorded an options volume of 10,536 contracts, translating to about 1.1 million underlying shares, or 41.8% of its average daily trading volume of 2.5 million shares. The $240 strike call option expiring on November 20, 2026, was particularly active, with 858 contracts traded, representing around 85,800 underlying shares.
Corning Inc. (GLW) experienced an even higher options volume with 35,497 contracts traded, equivalent to approximately 3.5 million underlying shares, or 41% of its average daily trading volume of 8.7 million shares. A standout was the $140 strike call option expiring November 20, 2026, which saw 10,010 contracts traded, amounting to about 1 million underlying shares.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
