Noteworthy Thursday Option Activity: IP, CHTR, INTC

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in International Paper Co (Symbol: IP), where a total volume of 26,853 contracts has been traded thus far today, a contract volume which is representative of approximately 2.7 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 53.8% of IP's average daily trading volume over the past month, of 5.0 million shares. Particularly high volume was seen for the $60 strike call option expiring February 21, 2025, with 10,993 contracts trading so far today, representing approximately 1.1 million underlying shares of IP. Below is a chart showing IP's trailing twelve month trading history, with the $60 strike highlighted in orange:

Charter Communications Inc (Symbol: CHTR) options are showing a volume of 5,628 contracts thus far today. That number of contracts represents approximately 562,800 underlying shares, working out to a sizeable 53.6% of CHTR's average daily trading volume over the past month, of 1.1 million shares. Especially high volume was seen for the $300 strike put option expiring January 31, 2025, with 678 contracts trading so far today, representing approximately 67,800 underlying shares of CHTR. Below is a chart showing CHTR's trailing twelve month trading history, with the $300 strike highlighted in orange:

And Intel Corp (Symbol: INTC) options are showing a volume of 342,097 contracts thus far today. That number of contracts represents approximately 34.2 million underlying shares, working out to a sizeable 50.4% of INTC's average daily trading volume over the past month, of 67.8 million shares. Especially high volume was seen for the $20 strike call option expiring January 31, 2025, with 20,669 contracts trading so far today, representing approximately 2.1 million underlying shares of INTC. Below is a chart showing INTC's trailing twelve month trading history, with the $20 strike highlighted in orange:

For the various different available expirations for IP options, CHTR options, or INTC options, visit StockOptionsChannel.com.

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