Noteworthy Friday Option Activity: NVDA, NFLX, MSFT

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in NVIDIA Corp (Symbol: NVDA), where a total volume of 1.7 million contracts has been traded thus far today, a contract volume which is representative of approximately 165.5 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 273.6% of NVDA's average daily trading volume over the past month, of 60.5 million shares. Particularly high volume was seen for the $950 strike call option expiring March 22, 2024, with 90,589 contracts trading so far today, representing approximately 9.1 million underlying shares of NVDA. Below is a chart showing NVDA's trailing twelve month trading history, with the $950 strike highlighted in orange:

Netflix Inc (Symbol: NFLX) saw options trading volume of 58,176 contracts, representing approximately 5.8 million underlying shares or approximately 185.6% of NFLX's average daily trading volume over the past month, of 3.1 million shares. Particularly high volume was seen for the $630 strike call option expiring March 22, 2024, with 5,791 contracts trading so far today, representing approximately 579,100 underlying shares of NFLX. Below is a chart showing NFLX's trailing twelve month trading history, with the $630 strike highlighted in orange:

And Microsoft Corporation (Symbol: MSFT) options are showing a volume of 168,109 contracts thus far today. That number of contracts represents approximately 16.8 million underlying shares, working out to a sizeable 78.6% of MSFT's average daily trading volume over the past month, of 21.4 million shares. Particularly high volume was seen for the $425 strike put option expiring March 22, 2024, with 22,312 contracts trading so far today, representing approximately 2.2 million underlying shares of MSFT. Below is a chart showing MSFT's trailing twelve month trading history, with the $425 strike highlighted in orange:

For the various different available expirations for NVDA options, NFLX options, or MSFT options, visit StockOptionsChannel.com.

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

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