IP

Noteworthy Tuesday Option Activity: IP, HSY, ALB

Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in International Paper Co (Symbol: IP), where a total of 29,423 contracts have traded so far, representing approximately 2.9 million underlying shares. That amounts to about 50.5% of IP's average daily trading volume over the past month of 5.8 million shares. Especially high volume was seen for the $50 strike call option expiring January 17, 2025, with 6,304 contracts trading so far today, representing approximately 630,400 underlying shares of IP. Below is a chart showing IP's trailing twelve month trading history, with the $50 strike highlighted in orange:

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Hershey Company (Symbol: HSY) options are showing a volume of 5,986 contracts thus far today. That number of contracts represents approximately 598,600 underlying shares, working out to a sizeable 42.1% of HSY's average daily trading volume over the past month, of 1.4 million shares. Particularly high volume was seen for the $180 strike put option expiring July 19, 2024, with 3,100 contracts trading so far today, representing approximately 310,000 underlying shares of HSY. Below is a chart showing HSY's trailing twelve month trading history, with the $180 strike highlighted in orange:

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And Albemarle Corp. (Symbol: ALB) options are showing a volume of 9,959 contracts thus far today. That number of contracts represents approximately 995,900 underlying shares, working out to a sizeable 41.3% of ALB's average daily trading volume over the past month, of 2.4 million shares. Particularly high volume was seen for the $190 strike put option expiring January 16, 2026, with 1,000 contracts trading so far today, representing approximately 100,000 underlying shares of ALB. Below is a chart showing ALB's trailing twelve month trading history, with the $190 strike highlighted in orange:

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For the various different available expirations for IP options, HSY options, or ALB options, visit StockOptionsChannel.com.

Today's Most Active Call & Put Options of the S&P 500 »

Also see:
• GTH YTD Return
• GEL Options Chain
• Top Ten Hedge Funds Holding TAFM

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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