Noteworthy Thursday Option Activity: JPM, TWO, FDX

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in JPMorgan Chase & Co (Symbol: JPM), where a total volume of 36,633 contracts has been traded thus far today, a contract volume which is representative of approximately 3.7 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 42.5% of JPM's average daily trading volume over the past month, of 8.6 million shares. Especially high volume was seen for the $245 strike call option expiring January 03, 2025, with 4,918 contracts trading so far today, representing approximately 491,800 underlying shares of JPM. Below is a chart showing JPM's trailing twelve month trading history, with the $245 strike highlighted in orange:

Two Harbors Investment Corp (Symbol: TWO) options are showing a volume of 5,618 contracts thus far today. That number of contracts represents approximately 561,800 underlying shares, working out to a sizeable 42% of TWO's average daily trading volume over the past month, of 1.3 million shares. Especially high volume was seen for the $11 strike call option expiring January 17, 2025, with 2,648 contracts trading so far today, representing approximately 264,800 underlying shares of TWO. Below is a chart showing TWO's trailing twelve month trading history, with the $11 strike highlighted in orange:

And FedEx Corp (Symbol: FDX) options are showing a volume of 8,887 contracts thus far today. That number of contracts represents approximately 888,700 underlying shares, working out to a sizeable 41.8% of FDX's average daily trading volume over the past month, of 2.1 million shares. Especially high volume was seen for the $300 strike call option expiring January 17, 2025, with 434 contracts trading so far today, representing approximately 43,400 underlying shares of FDX. Below is a chart showing FDX's trailing twelve month trading history, with the $300 strike highlighted in orange:

For the various different available expirations for JPM options, TWO options, or FDX options, visit StockOptionsChannel.com.

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