Wednesday Highlights: Engaging Options in URI, SYF, COF

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Among the S&P 500 index components, notable options trading was observed on October 17, 2023. United Rentals Inc (URI) experienced a trading volume of 2,325 contracts, equivalent to approximately 232,500 underlying shares, representing 47.5% of its average daily volume of 489,170 shares. The $860 strike call option, expiring April 24, 2026, accounted for 287 contracts traded.

Synchrony Financial (SYF) saw 15,027 contracts traded, approximately 1.5 million underlying shares, or 44.2% of its average daily volume of 3.4 million shares. High volume was concentrated on the $72.50 strike put option, with 7,682 contracts exchanged.

Capital One Financial Corp (COF) recorded a volume of 17,331 contracts, around 1.7 million underlying shares, making up 41.3% of its average daily volume of 4.2 million shares. The $212.50 strike call option, expiring April 24, 2026, registered 2,686 contracts traded.

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