Noteworthy Monday Option Activity: PEP, WBA, WAT
Stock Options Channel Staff - Monday, January 23, 1:42 PMAmong the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in PepsiCo Inc (PEP), where a total of 17,951 contracts have traded so far, representing approximately 1.8 million underlying shares. That amounts to about 44.6% of PEP's average daily trading volume over the past month of 4.0 million shares. Particularly high volume was seen for the $120 strike put option expiring June 16, 2023, with 3,828 contracts trading so far today, representing approximately 382,800 underlying shares of PEP. Below is a chart showing PEP's trailing twelve month trading history, with the $120 strike highlighted in orange:
Walgreens Boots Alliance Inc (WBA) options are showing a volume of 29,898 contracts thus far today. That number of contracts represents approximately 3.0 million underlying shares, working out to a sizeable 43.4% of WBA's average daily trading volume over the past month, of 6.9 million shares.
Especially high volume was seen for the $38 strike call option expiring January 27, 2023, with 9,665 contracts trading so far today, representing approximately 966,500 underlying shares of WBA. Below is a chart showing WBA's trailing twelve month trading history, with the $38 strike highlighted in orange:
And Waters Corp. (WAT) saw options trading volume of 1,335 contracts, representing approximately 133,500 underlying shares or approximately 41.9% of WAT's average daily trading volume over the past month, of 318,855 shares.
Especially high volume was seen for the $360 strike call option expiring February 17, 2023, with 763 contracts trading so far today, representing approximately 76,300 underlying shares of WAT. Below is a chart showing WAT's trailing twelve month trading history, with the $360 strike highlighted in orange:
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