Notable Wednesday Option Activity: META, BKNG, MSFT

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Meta Platforms Inc (Symbol: META), where a total volume of 168,096 contracts has been traded thus far today, a contract volume which is representative of approximately 16.8 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 80.6% of META's average daily trading volume over the past month, of 20.8 million shares. Particularly high volume was seen for the $440 strike call option expiring May 03, 2024, with 8,883 contracts trading so far today, representing approximately 888,300 underlying shares of META. Below is a chart showing META's trailing twelve month trading history, with the $440 strike highlighted in orange:

Booking Holdings Inc (Symbol: BKNG) options are showing a volume of 1,430 contracts thus far today. That number of contracts represents approximately 143,000 underlying shares, working out to a sizeable 73.1% of BKNG's average daily trading volume over the past month, of 195,550 shares. Particularly high volume was seen for the $4200 strike call option expiring May 03, 2024, with 90 contracts trading so far today, representing approximately 9,000 underlying shares of BKNG. Below is a chart showing BKNG's trailing twelve month trading history, with the $4200 strike highlighted in orange:

And Microsoft Corporation (Symbol: MSFT) options are showing a volume of 146,574 contracts thus far today. That number of contracts represents approximately 14.7 million underlying shares, working out to a sizeable 72.1% of MSFT's average daily trading volume over the past month, of 20.3 million shares. Especially high volume was seen for the $400 strike call option expiring May 03, 2024, with 7,684 contracts trading so far today, representing approximately 768,400 underlying shares of MSFT. Below is a chart showing MSFT's trailing twelve month trading history, with the $400 strike highlighted in orange:

For the various different available expirations for META options, BKNG options, or MSFT options, visit StockOptionsChannel.com.

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