On October 5, 2023, significant options trading activity was observed for several S&P 500 companies. Constellation Energy Corp (CEG) recorded a total volume of 18,383 contracts traded, equating to approximately 1.8 million underlying shares, which is 72.4% of its average daily volume of 2.5 million shares. Notably, 2,160 contracts for the $360 strike call option expiring August 08, 2025, accounted for 216,000 underlying shares.
Capital One Financial Corp (COF) saw 25,162 contracts traded, representing about 2.5 million underlying shares, or 62.1% of its average daily volume of 4.1 million shares. A significant portion of this volume was from the $207.50 strike put option, with 10,362 contracts traded, representing approximately 1 million underlying shares.
Micron Technology Inc. (MU) experienced a substantial options trading volume of 123,814 contracts, translating to around 12.4 million underlying shares, or 58.7% of its average daily volume of 21.1 million shares. High volume was noted for the $115 strike call option expiring September 19, 2025, with 14,479 contracts traded, representing about 1.4 million underlying shares.
