Tesla Inc: Electrifying Option Trades
Transitioning to the options trading arena within the S&P 500 index, Tesla Inc (TSLA) emerged as a major player today with 1.0 million contracts changing hands. This robust figure translates to approximately 100.5 million underlying shares, significantly surpassing TSLA’s average daily trading volume over the past month of 74.3 million shares. Standing out among the sea of transactions is the $170 strike put option expiring on June 07, 2024, with an impressive 83,509 contracts traded today, embodying around 8.4 million TSLA shares. The chart below illustrates TSLA’s trading activity, with the $170 strike emphasized in a blazing orange hue.
Lululemon Athletica Inc: Pulsating Options Movement
In a parallel realm, lululemon athletica inc (LULU) experienced a flurry of options activity today with 23,036 contracts executed, representing approximately 2.3 million underlying shares or roughly 89.2% of LULU’s average daily trading volume over the past month, which stood at 2.6 million shares. The $300 strike put option set to expire on June 07, 2024, stole the spotlight with 1,681 contracts traded so far, embodying roughly 168,100 LULU shares. The chart below delves into LULU’s trading history, accentuating the $300 strike in a vivid orange hue.
FedEx Corp: Shipping Out Options
Shifting gears to FedEx Corp (FDX), options trading activity reached 11,285 contracts today, representing approximately 1.1 million underlying shares or around 85.1% of FDX’s average daily trading volume over the past month, which amounted to 1.3 million shares. Noteworthy interest was observed in the $250 strike put option expiring on June 07, 2024, with 817 contracts traded, symbolizing approximately 81,700 FDX shares changing hands. The chart below provides a visual representation of FDX’s trading saga, illuminating the $250 strike in a bold orange hue.
Delving Deeper
Explore the array of available expirations for TSLA, LULU, or FDX options at StockOptionsChannel.com.
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