Noteworthy Thursday Option Activity: OXY, NUE, SPHR

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Occidental Petroleum Corp (Symbol: OXY), where a total of 78,229 contracts have traded so far, representing approximately 7.8 million underlying shares. That amounts to about 73.5% of OXY's average daily trading volume over the past month of 10.6 million shares. Particularly high volume was seen for the $47.50 strike call option expiring February 21, 2025, with 6,251 contracts trading so far today, representing approximately 625,100 underlying shares of OXY. Below is a chart showing OXY's trailing twelve month trading history, with the $47.50 strike highlighted in orange:

Nucor Corp. (Symbol: NUE) options are showing a volume of 14,022 contracts thus far today. That number of contracts represents approximately 1.4 million underlying shares, working out to a sizeable 67.6% of NUE's average daily trading volume over the past month, of 2.1 million shares. Especially high volume was seen for the $170 strike call option expiring April 17, 2025, with 2,578 contracts trading so far today, representing approximately 257,800 underlying shares of NUE. Below is a chart showing NUE's trailing twelve month trading history, with the $170 strike highlighted in orange:

And Sphere Entertainment Co (Symbol: SPHR) saw options trading volume of 4,812 contracts, representing approximately 481,200 underlying shares or approximately 66.1% of SPHR's average daily trading volume over the past month, of 727,565 shares. Especially high volume was seen for the $42.50 strike call option expiring January 17, 2025, with 2,251 contracts trading so far today, representing approximately 225,100 underlying shares of SPHR. Below is a chart showing SPHR's trailing twelve month trading history, with the $42.50 strike highlighted in orange:

For the various different available expirations for OXY options, NUE options, or SPHR options, visit StockOptionsChannel.com.

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