Netflix Inc (NFLX)
The S&P 500 index was all abuzz as Netflix Inc (NFLX) stole the show with an astonishing option trading volume of 36,377 contracts. This figure translates to a whopping 3.6 million underlying shares, a staggering 128.8% surge compared to NFLX’s typical monthly trading volume. Notably, the $700 strike call option expiring on July 5, 2024, saw fierce action with 3,080 contracts changing hands today, indicating movement in approximately 308,000 NFLX shares. Investors were glued to screens tracking NFLX’s remarkable trajectory, with the $700 strike prominently shining in orange on the trailing twelve-month trading history chart.
Apple Inc (AAPL)
Meanwhile, Apple Inc (AAPL) took the stage with an impressive options volume of 1.0 million contracts, representing a mammoth 100.8 million underlying shares. This activity amounted to a significant 113% of AAPL’s average daily trading volume over the past month. The $220 strike call option expiring on July 5, 2024, witnessed remarkable interest with 147,641 contracts traded so far today, reflecting about 14.8 million AAPL shares. Market enthusiasts closely monitored AAPL’s expedition, with the $220 strike standing out boldly in orange on the trading history chart.
Meta Platforms Inc (META)
Not to be outdone, Meta Platforms Inc (META) showcased its prowess with an options trading volume of 113,397 contracts, embodying about 11.3 million underlying shares or 95.6% of the average daily trading volume witnessed over the recent month. The $515 strike call option expiring on July 5, 2024, commanded attention as 7,148 contracts exchanged hands today, symbolizing approximately 714,800 META shares. Investors closely followed META’s journey, with the $515 strike illuminating the trading history chart in bold orange.
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