Notable Thursday Option Activity: NFLX, META, AAPL

By: Alex Freidmen

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Netflix Inc (Symbol: NFLX), where a total volume of 45,456 contracts has been traded thus far today, a contract volume which is representative of approximately 4.5 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 138.9% of NFLX’s average daily trading volume over the past month, of 3.3 million shares. Particularly high volume was seen for the $930 strike put option expiring December 13, 2024, with 2,076 contracts trading so far today, representing approximately 207,600 underlying shares of NFLX. Below is a chart showing NFLX’s trailing twelve month trading history, with the $930 strike highlighted in orange:

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Meta Platforms Inc (Symbol: META) saw options trading volume of 158,811 contracts, representing approximately 15.9 million underlying shares or approximately 136.8% of META’s average daily trading volume over the past month, of 11.6 million shares.
Particularly high volume was seen for the $635 strike call option expiring December 13, 2024, with 12,428 contracts trading so far today, representing approximately 1.2 million underlying shares of META. Below is a chart showing META’s trailing twelve month trading history, with the $635 strike highlighted in orange:

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And Apple Inc (Symbol: AAPL) saw options trading volume of 477,636 contracts, representing approximately 47.8 million underlying shares or approximately 109.7% of AAPL’s average daily trading volume over the past month, of 43.5 million shares.
Particularly high volume was seen for the $250 strike call option expiring December 13, 2024, with 65,444 contracts trading so far today, representing approximately 6.5 million underlying shares of AAPL. Below is a chart showing AAPL’s trailing twelve month trading history, with the $250 strike highlighted in orange:

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For the various different available expirations for NFLX options, META options, or AAPL options, visit StockOptionsChannel.com.

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