Notable Friday Option Activity: NOW, AX, FDX

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in ServiceNow Inc (Symbol: NOW), where a total volume of 5,277 contracts has been traded thus far today, a contract volume which is representative of approximately 527,700 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 46.9% of NOW's average daily trading volume over the past month, of 1.1 million shares. Especially high volume was seen for the $707.50 strike put option expiring May 31, 2024, with 1,089 contracts trading so far today, representing approximately 108,900 underlying shares of NOW. Below is a chart showing NOW's trailing twelve month trading history, with the $707.50 strike highlighted in orange:

Axos Financial Inc (Symbol: AX) saw options trading volume of 2,146 contracts, representing approximately 214,600 underlying shares or approximately 45.3% of AX's average daily trading volume over the past month, of 473,265 shares. Particularly high volume was seen for the $55 strike put option expiring July 19, 2024, with 1,941 contracts trading so far today, representing approximately 194,100 underlying shares of AX. Below is a chart showing AX's trailing twelve month trading history, with the $55 strike highlighted in orange:

And FedEx Corp (Symbol: FDX) options are showing a volume of 5,668 contracts thus far today. That number of contracts represents approximately 566,800 underlying shares, working out to a sizeable 45.2% of FDX's average daily trading volume over the past month, of 1.3 million shares. Particularly high volume was seen for the $255 strike call option expiring May 31, 2024, with 670 contracts trading so far today, representing approximately 67,000 underlying shares of FDX. Below is a chart showing FDX's trailing twelve month trading history, with the $255 strike highlighted in orange:

For the various different available expirations for NOW options, AX options, or FDX options, visit StockOptionsChannel.com.

Today's Most Active Call & Put Options of the S&P 500 »

Also see:

• Broker Darlings
• PBF Price Target
• BTN Options Chain

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.