Noteworthy Thursday Option Activity: JPM, LRCX, WBD

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in JPMorgan Chase & Co (Symbol: JPM), where a total volume of 29,417 contracts has been traded thus far today, a contract volume which is representative of approximately 2.9 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 41% of JPM's average daily trading volume over the past month, of 7.2 million shares. Especially high volume was seen for the $365 strike call option expiring August 14, 2026, with 3,933 contracts trading so far today, representing approximately 393,300 underlying shares of JPM. Below is a chart showing JPM's trailing twelve month trading history, with the $365 strike highlighted in orange:

Lam Research Corp (Symbol: LRCX) saw options trading volume of 44,903 contracts, representing approximately 4.5 million underlying shares or approximately 40.8% of LRCX's average daily trading volume over the past month, of 11.0 million shares. Particularly high volume was seen for the $350 strike call option expiring August 14, 2026, with 4,273 contracts trading so far today, representing approximately 427,300 underlying shares of LRCX. Below is a chart showing LRCX's trailing twelve month trading history, with the $350 strike highlighted in orange:

And Warner Bros Discovery Inc (Symbol: WBD) options are showing a volume of 99,248 contracts thus far today. That number of contracts represents approximately 9.9 million underlying shares, working out to a sizeable 40.5% of WBD's average daily trading volume over the past month, of 24.5 million shares. Particularly high volume was seen for the $20 strike put option expiring December 18, 2026, with 32,757 contracts trading so far today, representing approximately 3.3 million underlying shares of WBD. Below is a chart showing WBD's trailing twelve month trading history, with the $20 strike highlighted in orange:

For the various different available expirations for JPM options, LRCX options, or WBD options, visit StockOptionsChannel.com.

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

Further JPM Research:

• JPM Options Chain
• JPM DMA
• Top Stocks Held By Victor Mashaal

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