Notable Friday Option Activity: AVGO, PSX, TRGP
Stock Options Channel Staff - Friday, February 16, 2:28 PMAmong the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Broadcom Inc (AVGO), where a total of 28,808 contracts have traded so far, representing approximately 2.9 million underlying shares. That amounts to about 105% of AVGO's average daily trading volume over the past month of 2.7 million shares. Particularly high volume was seen for the $1300 strike call option expiring February 16, 2024, with 2,005 contracts trading so far today, representing approximately 200,500 underlying shares of AVGO. Below is a chart showing AVGO's trailing twelve month trading history, with the $1300 strike highlighted in orange:
Phillips 66 (PSX) options are showing a volume of 33,214 contracts thus far today. That number of contracts represents approximately 3.3 million underlying shares, working out to a sizeable 96% of PSX's average daily trading volume over the past month, of 3.5 million shares.
Particularly high volume was seen for the $125 strike call option expiring February 16, 2024, with 6,635 contracts trading so far today, representing approximately 663,500 underlying shares of PSX. Below is a chart showing PSX's trailing twelve month trading history, with the $125 strike highlighted in orange:
And Targa Resources Corp (TRGP) saw options trading volume of 11,295 contracts, representing approximately 1.1 million underlying shares or approximately 66% of TRGP's average daily trading volume over the past month, of 1.7 million shares.
Especially high volume was seen for the $92.50 strike call option expiring February 16, 2024, with 2,405 contracts trading so far today, representing approximately 240,500 underlying shares of TRGP. Below is a chart showing TRGP's trailing twelve month trading history, with the $92.50 strike highlighted in orange:
For the various different available expirations for AVGO options, PSX options, or TRGP options, visit StockOptionsChannel.com.