Thursday Highlights: Option Trends in URI, LVS, DOW

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On October 16, 2023, significant trading activity was noted in options for several S&P 500 components. United Rentals Inc (URI) saw a total volume of 3,361 contracts traded, representing approximately 336,100 underlying shares, which amounts to 85.4% of its average daily volume of 393,595 shares for the past month. A notable focus was on the $840 strike put option expiring on November 21, 2025, with 260 contracts traded.

Las Vegas Sands Corp (LVS) recorded an impressive 39,657 contracts, equivalent to roughly 4.0 million underlying shares, or 73.6% of its average daily volume of 5.4 million shares. The $55 strike call option expiring on October 24, 2025, led with 2,224 contracts traded today.

Dow Inc (DOW) experienced a volume of 69,251 contracts, indicating about 6.9 million underlying shares, or 54.8% of its average daily trading volume of 12.6 million shares. The $25 strike call option expiring on October 24, 2025, saw 5,756 contracts traded.

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