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Notable Tuesday Option Activity: MO, PM, AMD

Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Altria Group Inc (Symbol: MO), where a total of 606,716 contracts have traded so far, representing approximately 60.7 million underlying shares. That amounts to about 687.6% of MO’s average daily trading volume over the past month of 8.8 million shares. Particularly high volume was seen for the $50 strike call option expiring January 17, 2025, with 120,940 contracts trading so far today, representing approximately 12.1 million underlying shares of MO. Below is a chart showing MO’s trailing twelve month trading history, with the $50 strike highlighted in orange:

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Philip Morris International Inc (Symbol: PM) saw options trading volume of 153,804 contracts, representing approximately 15.4 million underlying shares or approximately 306% of PM’s average daily trading volume over the past month, of 5.0 million shares.
Particularly high volume was seen for the $110 strike call option expiring January 17, 2025, with 57,018 contracts trading so far today, representing approximately 5.7 million underlying shares of PM. Below is a chart showing PM’s trailing twelve month trading history, with the $110 strike highlighted in orange:

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And Advanced Micro Devices Inc (Symbol: AMD) options are showing a volume of 345,636 contracts thus far today. That number of contracts represents approximately 34.6 million underlying shares, working out to a sizeable 88.6% of AMD’s average daily trading volume over the past month, of 39.0 million shares.
Particularly high volume was seen for the $126 strike call option expiring December 27, 2024, with 22,564 contracts trading so far today, representing approximately 2.3 million underlying shares of AMD. Below is a chart showing AMD’s trailing twelve month trading history, with the $126 strike highlighted in orange:

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For the various different available expirations for MO options, PM options, or AMD options, visit StockOptionsChannel.com.

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