Exploring Noteworthy Options Activity in AEP, NFLX, and BYND

Looking at today’s options trading activity within components of the Russell 3000 index, there’s a buzz of activity surrounding American Electric Power Co Inc (AEP). Today, a total of 158,492 contracts have been traded, equivalent to around 15.8 million shares. This surge, standing at 477.5% of AEP’s average daily volume over the past month, signals significant market interest. Notably, the $77.50 strike call option expiring on May 17, 2024, witnessed intense trading with 64,800 contracts, representing about 6.5 million underlying shares of AEP.

On the Netflix Inc (NFLX) front, options trading volume hit 120,695 contracts today, which translates to approximately 12.1 million underlying shares or about 258.6% of NFLX’s average daily trading volume over the past month. The $620 strike call option expiring on May 10, 2024, garnered considerable attention with 6,193 contracts traded thus far, representing roughly 619,300 underlying shares of NFLX.

Beyond Meat Inc (BYND) is also in the mix with 49,216 options contracts traded today. This volume represents about 4.9 million underlying shares, marking a substantial 243.5% of BYND’s average daily trading volume over the past month. Noteworthy activity was observed for the $8 strike call option expiring on May 17, 2024, as 3,995 contracts exchanged hands, reflecting approximately 399,500 underlying shares of BYND.