In Focus: Unusual Option Activity on Friday Unusual Option Activity Highlights: AMZN, VFC, AAPL

JJ Bounty

Amazon.com Inc (Symbol: AMZN)

A startling surge in options trading volume on Friday revealed intriguing insights within the realm of Amazon.com Inc. Traders witnessed a staggering total of 409,256 contracts exchanging hands today, amounting to an equivalent of approximately 40.9 million underlying shares of AMZN. This figure represents a substantial uptick of about 112.5% over the company’s average daily trading volume for the past month, which stood at 36.4 million shares. Notably, the $190 strike call option expiring on October 11, 2024, stole the spotlight with an impressive 71,987 contracts traded so far, corresponding to roughly 7.2 million underlying AMZN shares. This surge in activity paints a vivid picture of investor sentiment, with a vibrant orange hue highlighting the $190 strike in the chart below.

Chart displaying AMZN's trading history

VF Corp. (Symbol: VFC)

In the domain of VF Corp., the options trading landscape witnessed a notable buzz today. A total of 77,100 contracts were traded, representing approximately 7.7 million underlying shares or roughly 111.2% of VFC’s average daily trading volume over the past month. The $23 strike call option, expiring on November 01, 2024, stood out with a significant 21,485 contracts traded, equating to about 2.1 million underlying VFC shares. The chart below illustrates VFC’s trading history, with the $23 strike shining brightly in orange.

Chart displaying VFC's trading history

Apple Inc (Symbol: AAPL)

Apple Inc. also entered the spotlight on Friday, with options trading revealing intriguing patterns. A substantial volume of 524,936 contracts exchanged hands, representing about 52.5 million underlying shares. This amounted to a noteworthy 91.1% of AAPL’s average daily trading volume over the past month, which stood at 57.6 million shares. The $230 strike call option expiring on October 11, 2024, witnessed particularly high traction, with 100,623 contracts traded so far, representing approximately 10.1 million underlying AAPL shares. Explore AAPL’s trading history in the chart below, with the $230 strike standing out prominently.

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Chart displaying AAPL's trading history

For Further Options Exploration

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