On October 27, 2023, notable options trading activity was observed for S&P 500 components, specifically Applovin Corp (APP), Meta Platforms Inc (META), and Tesla Inc (TSLA). Applovin recorded a total volume of 68,329 contracts traded, equivalent to approximately 6.8 million underlying shares, which is 171.1% of its average daily trading volume of 4.0 million shares. The $650 strike call option expiring on February 6, 2026, contributed 4,695 contracts.
Meta Platforms experienced 208,219 contracts traded, representing about 20.8 million underlying shares and 146.3% of its average daily volume of 14.2 million shares. The $615 strike call option expiring on January 23, 2026, saw significant trading with 6,312 contracts.
Tesla saw the highest activity with 933,350 contracts, approximating 93.3 million underlying shares, 140.6% of its average daily trading volume of 66.4 million shares. The $425 strike put option expiring on January 23, 2026, had 52,725 contracts traded.
