Noteworthy Thursday Option Activity: MGM, TTWO, HPE
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in MGM Resorts International (Symbol: MGM), where a total volume of 11,422 contracts has been traded thus far today, a contract volume which is representative of approximately 1.1 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 45.7% of MGM's average daily trading volume over the past month, of 2.5 million shares. Particularly high volume was seen for the $50 strike call option expiring October 16, 2026, with 4,429 contracts trading so far today, representing approximately 442,900 underlying shares of MGM. Below is a chart showing MGM's trailing twelve month trading history, with the $50 strike highlighted in orange:
Take-Two Interactive Software, Inc. (Symbol: TTWO) options are showing a volume of 9,794 contracts thus far today. That number of contracts represents approximately 979,400 underlying shares, working out to a sizeable 45.4% of TTWO's average daily trading volume over the past month, of 2.2 million shares. Particularly high volume was seen for the $210 strike put option expiring September 25, 2026, with 5,005 contracts trading so far today, representing approximately 500,500 underlying shares of TTWO. Below is a chart showing TTWO's trailing twelve month trading history, with the $210 strike highlighted in orange:
And Hewlett Packard Enterprise Co (Symbol: HPE) saw options trading volume of 70,069 contracts, representing approximately 7.0 million underlying shares or approximately 42.4% of HPE's average daily trading volume over the past month, of 16.5 million shares. Particularly high volume was seen for the $60 strike call option expiring August 14, 2026, with 3,223 contracts trading so far today, representing approximately 322,300 underlying shares of HPE. Below is a chart showing HPE's trailing twelve month trading history, with the $60 strike highlighted in orange:
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