Today, the market is buzzing with options trading activity among key components of the S&P 500 index. Let’s delve into the intriguing details:
Meta Platforms Inc (META)
Meta Platforms Inc, formerly known as Facebook, is experiencing a significant surge in options trading. With a total volume of 351,696 contracts changing hands, which is equal to about 35.2 million underlying shares, the activity is 281% higher than META’s average daily trading volume over the past month.
Particularly, the $585 strike put option expiring on October 04, 2024, has caught the attention of investors with 36,921 contracts traded, representing approximately 3.7 million shares. The heightened activity is vividly depicted in the chart below:
Tesla Inc (TSLA)
Tesla Inc is also making waves in the options market with a trading volume of 2.0 million contracts. This volume is equivalent to approximately 195.7 million underlying shares, a staggering 245.2% of TSLA’s average daily trading volume over the past month.
The $250 strike call option expiring on October 04, 2024, has been particularly active with 262,540 contracts traded, representing approximately 26.3 million shares. The chart below captures this dynamic trading activity:
Netflix Inc (NFLX)
Netflix Inc is not far behind, showing a solid options trading volume of 58,961 contracts today. This volume represents around 5.9 million underlying shares, a robust 221.8% of NFLX’s average daily trading volume over the past month.
The $720 strike call option expiring on October 04, 2024, has seen significant interest with 4,607 contracts traded, equivalent to approximately 460,700 shares. The chart below illustrates this active trading scenario:
For more details on the available expirations for Meta (META), Tesla (TSLA), or Netflix (NFLX) options, visit StockOptionsChannel.com.