Among the components of the S&P 500, significant options trading activity was noted on October 3, 2023. GE Aerospace (Symbol: GE) saw 59,927 contracts traded, translating to approximately 6.0 million underlying shares, or 88.4% of its average daily trading volume of 6.8 million shares. The $300 strike call option expiring on May 15, 2026, accounted for 6,487 contracts traded, reflecting about 648,700 underlying shares.
Quanta Services, Inc. (Symbol: PWR) experienced options trading volume of 6,719 contracts, equivalent to approximately 671,900 underlying shares—74.7% of its average daily volume of 899,605 shares. The $730 strike call option set to expire on May 15, 2026, registered 919 contracts traded, which represented around 91,900 underlying shares.
Micron Technology Inc. (Symbol: MU) reported a notable 295,864 contracts traded, representing roughly 29.6 million underlying shares, or 70.9% of its average daily volume of 41.7 million shares. Notably, the $550 strike call option expiring on May 1, 2026, had 14,412 contracts traded, equating to approximately 1.4 million underlying shares.
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