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Noteworthy Friday Option Activity: FCX, NOW, AAL Stock Options Channel Staff - Friday, November 4, 2:08 PMLooking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Freeport-McMoran Copper & Gold (FCX), where a total volume of 106,726 contracts has been traded thus far today, a contract volume which is representative of approximately 10.7 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 65.4% of FCX's average daily trading volume over the past month, of 16.3 million shares. Especially high volume was seen for the $32.50 strike put option expiring November 18, 2022, with 10,044 contracts trading so far today, representing approximately 1.0 million underlying shares of FCX. Below is a chart showing FCX's trailing twelve month trading history, with the $32.50 strike highlighted in orange:
ServiceNow Inc (NOW) options are showing a volume of 12,633 contracts thus far today. That number of contracts represents approximately 1.3 million underlying shares, working out to a sizeable 56.7% of NOW's average daily trading volume over the past month, of 2.2 million shares. Particularly high volume was seen for the $175 strike put option expiring January 20, 2023, with 431 contracts trading so far today, representing approximately 43,100 underlying shares of NOW. Below is a chart showing NOW's trailing twelve month trading history, with the $175 strike highlighted in orange:
And American Airlines Group Inc (AAL) options are showing a volume of 206,344 contracts thus far today. That number of contracts represents approximately 20.6 million underlying shares, working out to a sizeable 55.6% of AAL's average daily trading volume over the past month, of 37.1 million shares. Especially high volume was seen for the $12 strike put option expiring June 16, 2023, with 35,628 contracts trading so far today, representing approximately 3.6 million underlying shares of AAL. Below is a chart showing AAL's trailing twelve month trading history, with the $12 strike highlighted in orange:
For the various different available expirations for FCX options, NOW options, or AAL options, visit StockOptionsChannel.com.
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