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Unusual Tuesday Option Activity: Goldman Sachs, FedEx, Amazon

Goldman Sachs Group Inc (GS)

Traders had their hands full with Goldman Sachs Group Inc today, where a total of 16,459 contracts traded. This amounts to approximately 1.6 million underlying shares and represents about 66.3% of GS’s average daily trading volume over the past month. The $390 strike call option expiring on March 15, 2024, stole the spotlight with 1,835 contracts trading so far today, symbolizing about 183,500 underlying shares of GS. The options market for GS indicates heightened interest, which at times can be both intriguing and alarming for investors. See below for the chart capturing GS’s most recent trading history, with the $390 strike highlighted in orange.

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FedEx Corp (FDX)

On the other hand, FedEx Corp saw a significant options trading volume of 14,511 contracts, representing approximately 1.5 million underlying shares or around 65.6% of FDX’s average daily trading volume over the past month. The $245 strike call option expiring on February 23, 2024, garnered substantial attention with 1,016 contracts trading so far today, symbolizing roughly 101,600 underlying shares of FDX. This heightened market activity often sparks fervent debate among industry observers. Consult the chart below for a graphic representation of FDX’s trailing twelve-month trading history, emphasizing the $245 strike in orange.

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Amazon.com Inc (AMZN)

Lastly, Amazon.com Inc options showcased an impressive volume of 316,283 contracts thus far today, representing approximately 31.6 million underlying shares, about 60.1% of AMZN’s average daily trading volume over the past month, which amounted to 52.6 million shares. The $165 strike put option expiring on February 23, 2024, caught the eye with 23,317 contracts trading so far today, symbolizing roughly 2.3 million underlying shares of AMZN. This spike in activity often raises eyebrows and generates a flurry of speculation in the finance world. Refer below for a representation of AMZN’s trailing twelve-month trading history, highlighting the $165 strike in orange.

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For a look at various available expirations for GS, FDX, or AMZN options, visit StockOptionsChannel.com.


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