Notable Thursday Option Activity: GXO, MSFT, AMZN

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By Ronald Tech

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in GXO Logistics Inc (Symbol: GXO), where a total volume of 17,529 contracts has been traded thus far today, a contract volume which is representative of approximately 1.8 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 126.4% of GXO’s average daily trading volume over the past month, of 1.4 million shares. Especially high volume was seen for the $47.50 strike put option expiring December 20, 2024, with 8,195 contracts trading so far today, representing approximately 819,500 underlying shares of GXO. Below is a chart showing GXO’s trailing twelve month trading history, with the $47.50 strike highlighted in orange:

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Microsoft Corporation (Symbol: MSFT) saw options trading volume of 257,790 contracts, representing approximately 25.8 million underlying shares or approximately 121.6% of MSFT’s average daily trading volume over the past month, of 21.2 million shares.
Especially high volume was seen for the $445 strike call option expiring December 20, 2024, with 14,150 contracts trading so far today, representing approximately 1.4 million underlying shares of MSFT. Below is a chart showing MSFT’s trailing twelve month trading history, with the $445 strike highlighted in orange:

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And Amazon.com Inc (Symbol: AMZN) options are showing a volume of 401,894 contracts thus far today. That number of contracts represents approximately 40.2 million underlying shares, working out to a sizeable 107% of AMZN’s average daily trading volume over the past month, of 37.6 million shares.
Especially high volume was seen for the $230 strike call option expiring December 20, 2024, with 21,459 contracts trading so far today, representing approximately 2.1 million underlying shares of AMZN. Below is a chart showing AMZN’s trailing twelve month trading history, with the $230 strike highlighted in orange:

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For the various different available expirations for GXO options, MSFT options, or AMZN options, visit StockOptionsChannel.com.

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