Noteworthy Thursday Option Activity: OXY, TSLA, WFC

Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Occidental Petroleum Corp (Symbol: OXY), where a total of 166,165 contracts have traded so far, representing approximately 16.6 million underlying shares. That amounts to about 185.1% of OXY's average daily trading volume over the past month of 9.0 million shares. Particularly high volume was seen for the $59 strike call option expiring February 16, 2024, with 18,748 contracts trading so far today, representing approximately 1.9 million underlying shares of OXY. Below is a chart showing OXY's trailing twelve month trading history, with the $59 strike highlighted in orange:

Tesla Inc (Symbol: TSLA) saw options trading volume of 1.9 million contracts, representing approximately 189.5 million underlying shares or approximately 172% of TSLA's average daily trading volume over the past month, of 110.2 million shares. Particularly high volume was seen for the $195 strike call option expiring February 16, 2024, with 185,226 contracts trading so far today, representing approximately 18.5 million underlying shares of TSLA. Below is a chart showing TSLA's trailing twelve month trading history, with the $195 strike highlighted in orange:

And Wells Fargo & Co (Symbol: WFC) saw options trading volume of 170,058 contracts, representing approximately 17.0 million underlying shares or approximately 98.6% of WFC's average daily trading volume over the past month, of 17.2 million shares. Particularly high volume was seen for the $49.50 strike call option expiring February 16, 2024, with 23,444 contracts trading so far today, representing approximately 2.3 million underlying shares of WFC. Below is a chart showing WFC's trailing twelve month trading history, with the $49.50 strike highlighted in orange:

For the various different available expirations for OXY options, TSLA options, or WFC options, visit StockOptionsChannel.com.

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