Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in AutoZone, Inc. (Symbol: AZO), where a total volume of 1,234 contracts has been traded thus far today, a contract volume which is representative of approximately 123,400 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 81% of AZO’s average daily trading volume over the past month, of 152,340 shares. Particularly high volume was seen for the $2500 strike call option expiring May 26, 2023, with 205 contracts trading so far today, representing approximately 20,500 underlying shares of AZO. Below is a chart showing AZO’s trailing twelve month trading history, with the $2500 strike highlighted in orange:
Ford Motor Co. (Symbol: F) saw options trading volume of 421,514 contracts, representing approximately 42.2 million underlying shares or approximately 72.9% of F’s average daily trading volume over the past month, of 57.8 million shares.
Especially high volume was seen for the $12 strike call option expiring May 26, 2023, with 46,157 contracts trading so far today, representing approximately 4.6 million underlying shares of F. Below is a chart showing F’s trailing twelve month trading history, with the $12 strike highlighted in orange:
And PayPal Holdings Inc (Symbol: PYPL) options are showing a volume of 142,112 contracts thus far today. That number of contracts represents approximately 14.2 million underlying shares, working out to a sizeable 65.7% of PYPL’s average daily trading volume over the past month, of 21.6 million shares.
Especially high volume was seen for the $72.50 strike call option expiring July 21, 2023, with 13,865 contracts trading so far today, representing approximately 1.4 million underlying shares of PYPL. Below is a chart showing PYPL’s trailing twelve month trading history, with the $72.50 strike highlighted in orange:
For the various different available expirations for AZO options, F options, or PYPL options, visit StockOptionsChannel.com.
Also see:
Historical Stock Price
DGRS YTD Return
PEI Options Chain
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
