Today’s trading session has unveiled some compelling plays in the options market, particularly within three eminent members of the S&P 500 index: Tesla Inc (TSLA), Boeing Co. (BA), and Apple Inc (AAPL).
Tesla Inc (TSLA)
Surging to the forefront, Tesla Inc (TSLA) dazzled with a total option volume of 1.2 million contracts, akin to a staggering 115.7 million underlying shares. This eruption in activity amounted to 162.1% of TSLA’s average daily trading volume over the past month. Noteworthy fervor was witnessed in the $220 strike call option expiring on September 06, 2024, as 82,024 contracts exchanged hands—a buzzing representation of 8.2 million underlying Tesla shares.
Boeing Co. (BA)
In a display of dynamism, Boeing Co. (BA) illustrated options trading with 73,301 contracts, corresponding to around 7.3 million underlying shares or roughly 131.4% of BA’s average daily trading volume over the last month. The $165 strike call option expiring on September 06, 2024, seized attention with 4,727 contracts traded, embodying about 472,700 underlying shares of Boeing.
Apple Inc (AAPL)
Apple Inc (AAPL) wasn’t left behind, capturing the spotlight with 581,260 contracts traded today. This volume equated to approximately 58.1 million underlying shares, constituting a robust 131.3% of AAPL’s average daily trading volume over the past month. Particularly striking was the activity in the $225 strike call option expiring on September 06, 2024, with 31,798 contracts exchanged, symbolizing about 3.2 million AAPL shares.
For further insights into the array of expirations available for TSLA, BA, or AAPL options, investors can delve into StockOptionsChannel.com.
