Noteworthy Tuesday Option Activity: BA, HPE, LRCX
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Boeing Co. (Symbol: BA), where a total volume of 27,587 contracts has been traded thus far today, a contract volume which is representative of approximately 2.8 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 54.4% of BA's average daily trading volume over the past month, of 5.1 million shares. Particularly high volume was seen for the $212.50 strike call option expiring September 04, 2026, with 2,872 contracts trading so far today, representing approximately 287,200 underlying shares of BA. Below is a chart showing BA's trailing twelve month trading history, with the $212.50 strike highlighted in orange:
Hewlett Packard Enterprise Co (Symbol: HPE) options are showing a volume of 84,009 contracts thus far today. That number of contracts represents approximately 8.4 million underlying shares, working out to a sizeable 52.6% of HPE's average daily trading volume over the past month, of 16.0 million shares. Particularly high volume was seen for the $45 strike put option expiring September 04, 2026, with 10,295 contracts trading so far today, representing approximately 1.0 million underlying shares of HPE. Below is a chart showing HPE's trailing twelve month trading history, with the $45 strike highlighted in orange:
And Lam Research Corp (Symbol: LRCX) options are showing a volume of 32,232 contracts thus far today. That number of contracts represents approximately 3.2 million underlying shares, working out to a sizeable 40.3% of LRCX's average daily trading volume over the past month, of 8.0 million shares. Particularly high volume was seen for the $300 strike call option expiring September 04, 2026, with 2,429 contracts trading so far today, representing approximately 242,900 underlying shares of LRCX. Below is a chart showing LRCX's trailing twelve month trading history, with the $300 strike highlighted in orange:
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