Notable Monday Option Activity: PEP, COIN, FDX

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in PepsiCo Inc (Symbol: PEP), where a total of 35,081 contracts have traded so far, representing approximately 3.5 million underlying shares. That amounts to about 75.4% of PEP's average daily trading volume over the past month of 4.7 million shares. Especially high volume was seen for the $160 strike put option expiring July 19, 2024, with 5,325 contracts trading so far today, representing approximately 532,500 underlying shares of PEP. Below is a chart showing PEP's trailing twelve month trading history, with the $160 strike highlighted in orange:

Coinbase Global Inc (Symbol: COIN) options are showing a volume of 69,392 contracts thus far today. That number of contracts represents approximately 6.9 million underlying shares, working out to a sizeable 75.2% of COIN's average daily trading volume over the past month, of 9.2 million shares. Especially high volume was seen for the $260 strike call option expiring June 14, 2024, with 4,210 contracts trading so far today, representing approximately 421,000 underlying shares of COIN. Below is a chart showing COIN's trailing twelve month trading history, with the $260 strike highlighted in orange:

And FedEx Corp (Symbol: FDX) options are showing a volume of 8,168 contracts thus far today. That number of contracts represents approximately 816,800 underlying shares, working out to a sizeable 60.9% of FDX's average daily trading volume over the past month, of 1.3 million shares. Especially high volume was seen for the $262.50 strike call option expiring June 14, 2024, with 658 contracts trading so far today, representing approximately 65,800 underlying shares of FDX. Below is a chart showing FDX's trailing twelve month trading history, with the $262.50 strike highlighted in orange:

For the various different available expirations for PEP options, COIN options, or FDX options, visit StockOptionsChannel.com.

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