Among the major components of the S&P 500, significant options trading was reported on October 11, 2023. Lennar Corp (LEN) recorded 13,755 contracts traded, representing approximately 1.4 million underlying shares, which is 57.5% of its average daily trading volume of 2.4 million shares. Notably, the $80 strike put option expiring on August 21, 2026, saw 7,513 contracts traded, equating to around 751,300 underlying shares.
Iron Mountain Inc (IRM) also experienced notable activity, with a total of 9,769 contracts traded, covering about 976,900 underlying shares—48.3% of its average daily volume of 2.0 million shares. The $115 strike put option, expiring on August 21, 2026, had 4,768 contracts traded, representing 476,800 underlying shares.
In contrast, Intel Corp (INTC) saw the highest trading volume, with 547,164 contracts, or approximately 54.7 million underlying shares, constituting 46.2% of its average daily trading volume of 118.3 million shares. A significant focus was on the $102 strike call option, with 35,416 contracts traded, or about 3.5 million underlying shares.
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