Notable Wednesday Option Activity: MMM, LVS, STX

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in 3M Co (Symbol: MMM), where a total volume of 43,384 contracts has been traded thus far today, a contract volume which is representative of approximately 4.3 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 112% of MMM's average daily trading volume over the past month, of 3.9 million shares. Especially high volume was seen for the $135 strike call option expiring June 20, 2025, with 9,011 contracts trading so far today, representing approximately 901,100 underlying shares of MMM. Below is a chart showing MMM's trailing twelve month trading history, with the $135 strike highlighted in orange:

Las Vegas Sands Corp (Symbol: LVS) options are showing a volume of 32,660 contracts thus far today. That number of contracts represents approximately 3.3 million underlying shares, working out to a sizeable 84.2% of LVS's average daily trading volume over the past month, of 3.9 million shares. Especially high volume was seen for the $50 strike call option expiring April 17, 2025, with 10,430 contracts trading so far today, representing approximately 1.0 million underlying shares of LVS. Below is a chart showing LVS's trailing twelve month trading history, with the $50 strike highlighted in orange:

And Seagate Technology Holdings PLC (Symbol: STX) options are showing a volume of 22,034 contracts thus far today. That number of contracts represents approximately 2.2 million underlying shares, working out to a sizeable 72.8% of STX's average daily trading volume over the past month, of 3.0 million shares. Especially high volume was seen for the $110 strike call option expiring January 24, 2025, with 2,734 contracts trading so far today, representing approximately 273,400 underlying shares of STX. Below is a chart showing STX's trailing twelve month trading history, with the $110 strike highlighted in orange:

For the various different available expirations for MMM options, LVS options, or STX options, visit StockOptionsChannel.com.

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

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