Market News

Insightful Analysis on Noteworthy Option ActivityExploring Friday’s Remarkable Option Trading: McDonald’s, Lam Research Corp, and Tesla Inc

McDonald’s Corp (MCD)

Delving into the domain of options trading among S&P 500 index components, today’s stellar performance by McDonald’s Corp (MCD) attracts an array of investors. The total volume of 56,380 contracts swapped so far highlights an activity mirroring 5.6 million underlying shares. This figure surpasses MCD’s typical monthly trading volume, with a surge to 131.3%. Notably, the $300 strike call option set to expire in September 20, 2024, steals the show with 5,638 contracts exchanging hands today. A visual representation of MCD’s recent trading history, accentuating the $300 strike, can be seen below:

Loading+chart+—+2024+TickerTech.com

Lam Research Corp (LRCX)

Transitioning to Lam Research Corp (LRCX), the options market depicts a substantial surge with 14,656 contracts traded today, equivalent to 1.5 million underlying shares. This surge denotes a significant uptick to 117.5% of LRCX’s average daily trading volume over the past month. The $780 strike call option expiring on August 02, 2024, captivates attention with 749 contracts changing hands today, showcasing approximately 74,900 underlying shares. A visual representation of LRCX’s trading history, emphasizing the $780 strike, is illustrated below:

Loading+chart+—+2024+TickerTech.com

Tesla Inc (TSLA)

The options trading arena witnesses robust activity with Tesla Inc (TSLA) as 1.4 million contracts are exchanged today, representing about 144.8 million underlying shares or approximately 114.8% of TSLA’s typical daily trading volume over the previous month. Standing out is the high volume observed for the $210 strike put option due on August 02, 2024. A staggering 122,038 contracts have been traded thus far, indicating around 12.2 million underlying shares of TSLA. Visualize TSLA’s twelve-month trading narrative accentuating the $210 strike below:

See also  Identifying Resilient Financial Stocks in JulyThree Undervalued Financial Gems to Bolster Your Portfolio in July

Loading+chart+—+2024+TickerTech.com

Explore Further

For a deeper dive into the intricacies of options expirations for MCD, LRCX, or TSLA, visit StockOptionsChannel.com.