Notable Thursday Option Activity: PYPL, RL, AZO

Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in PayPal Holdings Inc (Symbol: PYPL), where a total of 599,915 contracts have traded so far, representing approximately 60.0 million underlying shares. That amounts to about 278.1% of PYPL's average daily trading volume over the past month of 21.6 million shares. Particularly high volume was seen for the $140 strike call option expiring January 17, 2025, with 26,148 contracts trading so far today, representing approximately 2.6 million underlying shares of PYPL. Below is a chart showing PYPL's trailing twelve month trading history, with the $140 strike highlighted in orange:

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Ralph Lauren Corp (Symbol: RL) options are showing a volume of 5,369 contracts thus far today. That number of contracts represents approximately 536,900 underlying shares, working out to a sizeable 70.5% of RL's average daily trading volume over the past month, of 761,570 shares. Particularly high volume was seen for the $180 strike call option expiring February 16, 2024, with 931 contracts trading so far today, representing approximately 93,100 underlying shares of RL. Below is a chart showing RL's trailing twelve month trading history, with the $180 strike highlighted in orange:

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And AutoZone, Inc. (Symbol: AZO) options are showing a volume of 1,047 contracts thus far today. That number of contracts represents approximately 104,700 underlying shares, working out to a sizeable 67.4% of AZO's average daily trading volume over the past month, of 155,375 shares. Especially high volume was seen for the $2490 strike put option expiring January 17, 2025, with 100 contracts trading so far today, representing approximately 10,000 underlying shares of AZO. Below is a chart showing AZO's trailing twelve month trading history, with the $2490 strike highlighted in orange:

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For the various different available expirations for PYPL options, RL options, or AZO options, visit StockOptionsChannel.com.

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

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