Investors are abuzz with the peculiar option trading activity seen today among components of the Russell 3000 index. Notably, Booking Holdings Inc (Symbol: BKNG) has witnessed a staggering volume of 5,611 contracts traded, equivalent to around 561,100 underlying shares. This figure amounts to an eye-popping 214.1% of BKNG’s average daily trading volume over the past month, signifying an extraordinary surge in interest. Particularly striking activity was noticed for the $2500 strike put option expiring on February 16, 2024, with 262 contracts exchanging hands so far today, representing roughly 26,200 underlying shares of BKNG. This unusual surge has rendered the trading chart with the $2500 strike highlighted in a conspicuous shade of orange.
Meanwhile, Microsoft Corporation (Symbol: MSFT) experienced an options trading volume of 443,264 contracts, reflecting approximately 44.3 million underlying shares, or around 175.7% of MSFT’s average daily trading volume over the past month, which typically stood at 25.2 million shares. Notably, the $390 strike call option expiring on January 12, 2024, witnessed an exceptionally high volume, with 59,918 contracts traded today, representing approximately 6.0 million underlying shares of MSFT. The intense trading activity has cast the trailing twelve month trading history chart for MSFT in a vibrant shade of orange, prominently showcasing the $390 strike.
Costco Wholesale Corp (Symbol: COST) also encountered an unusual surge in options trading volume, with 40,822 contracts, representing approximately 4.1 million underlying shares or roughly 144.7% of COST’s average daily trading volume over the past month, which typically amounted to 2.8 million shares. The $685 strike call option expiring on January 12, 2024, was the center of attention, with 2,753 contracts traded today, representing roughly 275,300 underlying shares of COST. This remarkable development caused the $685 strike in the trailing twelve month trading history chart for COST to stand out brightly in orange.
For detailed information on various expiration options for BKNG, MSFT or COST, investors can visit StockOptionsChannel.com.
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