Looking at options trading activity across the constituents of the S&P 500 Index, there was notable activity today at Bank of America Corp (symbol: BAC), with a total of 219,608 contracts traded to date. Approximately 22 million underlying shares (assuming each contract represents 100 underlying shares). The number represents 57.2% of BAC’s average daily trading volume of 38.4 million shares over the past month. The $55 strike put option, which expires on January 20, 2023, saw a particularly large amount of trading. Below is a chart showing the trading history of the BAC over the past 12 months, with the $55 strike highlighted in orange.
Options for Las Vegas Sands Corp (symbol: LVS) show trading volume of 23,196 contracts to date. The number of contracts represents approximately 2.3 million shares, representing a significant 50.3% of LVS’ average daily trading volume of 4.6 million shares over the past month. The $54 strike put option, which expires on January 27, 2023, saw a particularly large amount of trading. Below is a chart showing LVS’s trading history over the past 12 months, with the $54 strike highlighted in orange.
Also, TransDigm Group Inc (symbol: TDG) saw option trading volume of 1,384 contracts. This represents approximately 138,400 underlying shares, or approximately 49.9% of TDG’s average daily trading volume of 277,615 shares last month. The $500 strike put option, which expires on August 18, 2023, has seen particularly high trading, with 309 contracts traded to date, representing about 30,900 shares in his TDG. . Below is a chart showing TDG’s trading history over the past 12 months, with the $500 strike highlighted in orange.
Visit StockOptionsChannel.com for various expiration dates for BAC, LVS, or TDG options.
• WMTN Insider Purchase
• MILC Insider Purchase
• Institutional holders of GIGM
The views and opinions expressed herein are those of the authors and do not necessarily reflect those of Nasdaq, Inc.