Wednesday Option Buzz: Johnson & Johnson, Netflix, American International Group

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By Ronald Tech

Johnson & Johnson (JNJ)

Today, Johnson & Johnson (JNJ) saw a surge in options trading volume, with 57,862 contracts traded so far. This remarkable activity represents around 5.8 million underlying shares, a whopping 70% of the average daily trading volume over the past month. Particularly notable was the frenzy surrounding the $155 strike call option expiring on June 21, 2024, with 4,011 contracts exchanged, symbolizing approximately 401,100 underlying shares.

In the vast sea of trading history, the $155 strike stands out like a beacon, highlighted in dazzling orange in the chart below:

Loading chart — 2024 TickerTech.com

Netflix Inc (NFLX)

Meanwhile, Netflix Inc. (NFLX) also witnessed a flurry of options trading today, with 30,454 contracts changing hands. This volume represents around 3.0 million underlying shares, which is roughly 67.8% of NFLX’s average daily trading volume over the past month. The $540 strike put option expiring on May 03, 2024, saw intense action, with 1,879 contracts traded, representing approximately 187,900 underlying shares of NFLX.

In the turbulent seas of trading, the $540 strike puts NFLX in focus as depicted in the chart below:

Loading chart — 2024 TickerTech.com

American International Group Inc (AIG)

Turning our attention to American International Group Inc (AIG), options trading revealed a transaction volume of 24,183 contracts thus far today. This flurry symbolizes around 2.4 million underlying shares, a substantial 64.6% of AIG’s average daily trading volume over the past month. The $80 strike call option reaching maturity on May 03, 2024, witnessed heavy activity with 5,094 contracts traded, representing approximately 509,400 shares of AIG.

In the tempestuous landscape of trading, the $80 strike shines bright orange in the chart below:

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Loading chart — 2024 TickerTech.com

For more details on the various expiration options for JNJ, NFLX, or AIG, head to StockOptionsChannel.com.

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