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Notable Monday Option Activity: PYPL, F, GWW

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in PayPal Holdings Inc (Symbol: PYPL), where a total volume of 96,364 contracts has been traded thus far today, a contract volume which is representative of approximately 9.6 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 119.1% of PYPL’s average daily trading volume over the past month, of 8.1 million shares. Especially high volume was seen for the $72 strike put option expiring November 01, 2024, with 4,700 contracts trading so far today, representing approximately 470,000 underlying shares of PYPL. Below is a chart showing PYPL’s trailing twelve month trading history, with the $72 strike highlighted in orange:

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Ford Motor Co. (Symbol: F) options are showing a volume of 244,645 contracts thus far today. That number of contracts represents approximately 24.5 million underlying shares, working out to a sizeable 55.6% of F’s average daily trading volume over the past month, of 44.0 million shares.
Especially high volume was seen for the $10.50 strike put option expiring November 01, 2024, with 25,529 contracts trading so far today, representing approximately 2.6 million underlying shares of F. Below is a chart showing F’s trailing twelve month trading history, with the $10.50 strike highlighted in orange:

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And W.W. Grainger Inc. (Symbol: GWW) saw options trading volume of 1,061 contracts, representing approximately 106,100 underlying shares or approximately 55% of GWW’s average daily trading volume over the past month, of 192,970 shares.
Especially high volume was seen for the $940 strike call option expiring April 17, 2025, with 467 contracts trading so far today, representing approximately 46,700 underlying shares of GWW. Below is a chart showing GWW’s trailing twelve month trading history, with the $940 strike highlighted in orange:

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For the various different available expirations for PYPL options, F options, or GWW options, visit StockOptionsChannel.com.

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