Among the components of the illustrious S&P 500 index, today showcased remarkable options trading scenarios. Meta Platforms Inc (Symbol: META) took center stage with an astounding total of 383,021 contracts swapping hands, equivalent to about 38.3 million underlying shares. This figure represents around 291.7% of META’s average everyday trading volume over the preceding month, which stood at 13.1 million shares – a seismic surge indeed. Notably, the $490 strike call option due to expire on July 19, 2024, stole the spotlight, witnessing 28,970 contracts trading today, akin to approximately 2.9 million underlying shares of META. The image below portrays META’s trailing twelve-month trading saga, with the $490 strike depicted in a tantalizing shade of orange:
Netflix Inc (Symbol: NFLX) wasn’t left behind in the options marathon, exhibiting a trading volume of 40,969 contracts translating to around 4.1 million underlying shares or about 137.7% of NFLX’s mean daily trading volume over the past month, which settled at 3.0 million shares. Noteworthy action was observed for the $710 strike call option approaching expiry on July 19, 2024, with 1,141 contracts switching hands today, symbolizing roughly 114,100 underlying NFLX shares. The chart below unveils NFLX’s trading voyage over the past twelve months, gently highlighting the $710 strike in a captivating hue of orange:
Meanwhile, Apple Inc (Symbol: AAPL) entered the options arena with a bang, amassing a trading volume of 812,311 contracts – tantamount to around 81.2 million underlying shares or nearly 111.9% of AAPL’s regular daily trading volume over the past month, securing a footing at 72.6 million shares. A high-octane performance was rendered for the $230 strike call option slated to reach maturity on July 19, 2024, with 52,465 contracts swapping hands today, symbolizing approximately 5.2 million underlying shares of AAPL. The image below gracefully showcases AAPL’s trading voyage spanning the last twelve months, with the $230 strike shining brightly in a splendid orange hue:
For a detailed exploration of the diverse range of expirations available for META options, NFLX options, or AAPL options, delve deeper into the world of options trading at StockOptionsChannel.com.
