Options Trading Volume Overview
Today marked a significant uptick in trading activity for prominent companies in the S&P 500 index, with Eli Lilly (LLY), United Parcel Service Inc (UPS), and JPMorgan Chase & Co (JPM) taking the spotlight. Notable options trading volumes were observed, hinting at potential market shifts.
Eli Lilly (LLY)
Eli Lilly witnessed a surge in options trading, with a total of 20,523 contracts changing hands. This volume represents approximately 2.1 million underlying shares, accounting for a substantial 60.5% of LLY’s average daily trading volume over the past month. The $750 strike call option expiring on May 17, 2024, garnered particular attention, with 1,727 contracts traded, equivalent to about 172,700 underlying LLY shares.
United Parcel Service Inc (UPS)
UPS experienced robust options trading as well, with 17,069 contracts exchanged, representing around 1.7 million underlying shares. This volume notably comprises 49.7% of UPS’s average daily trading volume over the past month. The $157.50 strike call option expiring on March 15, 2024, stood out, with 5,821 contracts traded, translating to roughly 582,100 UPS shares.
JPMorgan Chase & Co (JPM)
Options trading for JPM soared, with 35,124 contracts in play, reflecting about 3.5 million underlying shares or roughly 46.9% of JPM’s average daily trading volume over the past month. The $165 strike call option expiring on March 15, 2024, attracted substantial interest, with 5,391 contracts traded, equivalent to approximately 539,100 underlying shares of JPM.
For more information on available expirations for LLY, UPS, and JPM options, visit StockOptionsChannel.com.
