Observers of the market were treated to a spectacle on Friday as options trading activity was unusually hectic among key companies in the Russell 3000 index. Notably, Netflix Inc (Symbol: NFLX) saw enormous activity with a total volume of 225,864 contracts, which represents approximately 22.6 million underlying shares. This frenzied activity accounted for a staggering 547.8% of NFLX’s average daily trading volume over the past month. In particular, the $500 strike call option expiring January 12, 2024, witnessed intense demand, with 34,331 contracts traded – a substantial representation of approximately 3.4 million underlying NFLX shares.
Equally captivating was the high volume of options seen for Chipotle Mexican Grill Inc (Symbol: CMG), with 6,228 contracts traded – a representation of approximately 622,800 underlying shares. This accounts for a substantial 336.4% of CMG’s average daily trading volume over the past month. The $2340 strike call option expiring January 19, 2024, garnered significant interest, with 479 contracts traded, representing approximately 47,900 underlying shares of CMG.
Another widely talked about company on Friday was Meta Platforms Inc (Symbol: META), as it experienced hefty options trading volume of 530,832 contracts. This represents approximately 53.1 million underlying shares or approximately 326.7% of META’s average daily trading volume over the past month. The $375 strike call option expiring January 12, 2024, also witnessed heightened interest, with a substantial 59,511 contracts traded, representing approximately 6.0 million underlying shares of META.
Investors looking for further insights into these options can visit StockOptionsChannel.com to explore the various available expirations for NFLX, CMG, or META options.
Curious to learn about the most active call and put options of the S&P 500 today? Click here to discover more: Today’s Most Active Call & Put Options of the S&P 500 »
Also see: