On Thursday, the S&P 500 witnessed significant options trading activity. Leaders of the pack were Amazon.com Inc (Symbol: AMZN), Marathon Petroleum Corp. (Symbol: MPC), and Nike (Symbol: NKE). Let’s dive into the numbers.
Amazon.com Inc (AMZN)
Amazon.com Inc notched an impressive total of 287,060 contracts traded, representing about 28.7 million underlying shares. This volume accounts for approximately 68% of AMZN’s average daily trading volume over the last month – 42.2 million shares. Notably, the $152.50 strike call option expiring on January 19, 2024, saw sky-high activity, with 22,192 contracts changing hands, symbolizing around 2.2 million underlying shares of AMZN.
Marathon Petroleum Corp. (MPC)
Marathon Petroleum Corp. observed options trading volume of 14,889 contracts, indicative of approximately 1.5 million underlying shares or about 52.9% of MPC’s average daily trading volume over the past month – 2.8 million shares. The $75 strike call option expiring on January 19, 2024, garnered significant attention, with 2,485 contracts traded, representing around 248,500 underlying shares of MPC.
Nike (NKE)
Nike’s options market was buzzing with a volume of 59,157 contracts, reflecting approximately 5.9 million underlying shares, which makes up a substantial 52.8% of NKE’s average daily trading volume over the last month – 11.2 million shares. The $109 strike put option expiring on January 19, 2024, stood out with 6,737 contracts traded, symbolizing about 673,700 underlying NKE shares.
Options Insights
For more information on the various available expirations for AMZN, MPC, or NKE options, interested parties can visit StockOptionsChannel.com. This exceptional activity in the options market reflects the heightened interest of traders and investors in these three stalwart S&P 500 index components.
