Noteworthy Tuesday Option Activity: DIS, C, MSFT

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Walt Disney Co. (Symbol: DIS), where a total volume of 49,850 contracts has been traded thus far today, a contract volume which is representative of approximately 5.0 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 69.5% of DIS's average daily trading volume over the past month, of 7.2 million shares. Particularly high volume was seen for the $120 strike call option expiring March 21, 2025, with 2,441 contracts trading so far today, representing approximately 244,100 underlying shares of DIS. Below is a chart showing DIS's trailing twelve month trading history, with the $120 strike highlighted in orange:

Citigroup Inc (Symbol: C) options are showing a volume of 104,297 contracts thus far today. That number of contracts represents approximately 10.4 million underlying shares, working out to a sizeable 67% of C's average daily trading volume over the past month, of 15.6 million shares. Especially high volume was seen for the $80 strike call option expiring May 16, 2025, with 16,085 contracts trading so far today, representing approximately 1.6 million underlying shares of C. Below is a chart showing C's trailing twelve month trading history, with the $80 strike highlighted in orange:

And Microsoft Corporation (Symbol: MSFT) saw options trading volume of 129,724 contracts, representing approximately 13.0 million underlying shares or approximately 65.9% of MSFT's average daily trading volume over the past month, of 19.7 million shares. Particularly high volume was seen for the $435 strike call option expiring January 24, 2025, with 21,284 contracts trading so far today, representing approximately 2.1 million underlying shares of MSFT. Below is a chart showing MSFT's trailing twelve month trading history, with the $435 strike highlighted in orange:

For the various different available expirations for DIS options, C options, or MSFT options, visit StockOptionsChannel.com.

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