One cannot help but notice the unusual surge in options trading today for key players in the S&P 500 index. Let’s start with Apple Inc: a massive total volume of 557,208 contracts has already been traded, equivalent to approximately 55.7 million underlying shares. This is almost 99% of AAPL’s average daily trading volume over the past month, and notably, the $185 strike call option expiring on January 12, 2024, has seen a staggering 58,504 contracts traded so far today. The charts reveal some compelling action here.
Considering NextEra Energy Inc, it’s managing to hold its own as well. The options trading volume was 90,103 contracts representing about 9.0 million underlying shares, which accounts for roughly 85.3% of NEE’s average daily trading volume over the past month. The $70 strike put option expiring on January 19, 2024, saw an especially high volume with 34,658 contracts traded so far today, representing approximately 3.5 million underlying shares of NEE. The charts paint an intriguing picture.
Lastly, let’s shift our focus to Etsy Inc, which witnessed options trading volume of 39,368 contracts, representing approximately 3.9 million underlying shares or approximately 81.4% of ETSY’s average daily trading volume over the past month. The $100 strike put option expiring on January 19, 2024, saw 11,795 contracts traded so far today, representing approximately 1.2 million underlying shares of ETSY. The charts outline a compelling narrative here.
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