Notable Wednesday Option Activity: MCD, PLTR, X

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in McDonald's Corp (Symbol: MCD), where a total volume of 22,825 contracts has been traded thus far today, a contract volume which is representative of approximately 2.3 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 52.8% of MCD's average daily trading volume over the past month, of 4.3 million shares. Especially high volume was seen for the $290 strike put option expiring May 16, 2025, with 1,772 contracts trading so far today, representing approximately 177,200 underlying shares of MCD. Below is a chart showing MCD's trailing twelve month trading history, with the $290 strike highlighted in orange:

Palantir Technologies Inc (Symbol: PLTR) options are showing a volume of 596,604 contracts thus far today. That number of contracts represents approximately 59.7 million underlying shares, working out to a sizeable 52.8% of PLTR's average daily trading volume over the past month, of 113.0 million shares. Especially high volume was seen for the $105 strike put option expiring May 02, 2025, with 25,583 contracts trading so far today, representing approximately 2.6 million underlying shares of PLTR. Below is a chart showing PLTR's trailing twelve month trading history, with the $105 strike highlighted in orange:

And United States Steel Corp. (Symbol: X) options are showing a volume of 41,781 contracts thus far today. That number of contracts represents approximately 4.2 million underlying shares, working out to a sizeable 51.6% of X's average daily trading volume over the past month, of 8.1 million shares. Particularly high volume was seen for the $50 strike call option expiring June 20, 2025, with 10,173 contracts trading so far today, representing approximately 1.0 million underlying shares of X. Below is a chart showing X's trailing twelve month trading history, with the $50 strike highlighted in orange:

For the various different available expirations for MCD options, PLTR options, or X options, visit StockOptionsChannel.com.

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

Also see:

• Construction Dividend Stock List
• Institutional Holders of LCG
• Funds Holding CIM

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