Friday Options Update: AMZN, GOOG, FDX Tumultuous Option Activity for AMZN, GOOG, FDX

By: Alex Freidmen

Amazon.com Inc (AMZN)

Amazon.com Inc (Symbol: AMZN) has witnessed significant options trading activity today, with a total volume of 1.4 million contracts being traded so far. This volume is equivalent to approximately 140.3 million underlying shares, marking a staggering 300.9% of AMZN’s average daily trading volume over the past month, which stood at 46.6 million shares.

Of particular interest is the $170 strike call option expiring on February 02, 2024, with 67,229 contracts traded today, representing roughly 6.7 million underlying shares of AMZN.

Alphabet Inc (GOOG)

The options market for Alphabet Inc (Symbol: GOOG) is also showing remarkable activity, with a total volume of 271,648 contracts traded thus far. This represents approximately 27.2 million underlying shares, accounting for 130.9% of GOOG’s average daily trading volume over the past month (20.8 million shares).

Significantly high volume has been observed for the $143 strike call option expiring on February 02, 2024, with 14,806 contracts traded, equivalent to approximately 1.5 million underlying shares of GOOG.

FedEx Corp (FDX)

Options trading activity for FedEx Corp (Symbol: FDX) has shown a volume of 29,657 contracts so far today. This number corresponds to approximately 3.0 million underlying shares, amounting to 130.4% of FDX’s average daily trading volume over the past month (2.3 million shares).

Notably, the $245 strike call option expiring on February 02, 2024, has experienced high volume, with 4,813 contracts traded, representing about 481,300 underlying shares of FDX.

Exploring Options

For more details on the various available expirations for AMZN, GOOG, or FDX options, investors can visit StockOptionsChannel.com.

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