Analysis of Surging Options Volume for AAPL, FDX, and AVY Stocks

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By Ronald Tech

Apple Inc (AAPL) Sees Robust Options Trading Activity

Today marked a frenzied flurry of activity in the options market for Apple Inc. (AAPL). With a staggering 401,473 contracts changing hands, representing approximately 40.1 million underlying shares, it’s no wonder eyebrows were raised. This significant volume accounted for a hefty 61.2% of Apple’s average daily trading volume over the past month, which stood at 65.6 million shares. Of particular interest was the $170 strike call option expiring on April 5, 2024, with an eye-popping 59,489 contracts traded so far today, equivalent to about 5.9 million shares of AAPL. The market buzzed with excitement as traders kept a close eye on AAPL’s trajectory.

Chart showing AAPL's historical trading

FedEx Corp (FDX) Options Activity Soars

The options trading scene was lively for FedEx Corp (FDX) as well, with 14,979 contracts traded, representing about 1.5 million shares – a substantial 59.8% of FDX’s average daily trading volume over the past month. Traders kept a keen eye on the $270 strike put option expiring on April 12, 2024, with 2,004 contracts traded today, equivalent to approximately 200,400 shares of FDX. The market pulse quickened as FDX options took center stage.

Chart showing FDX's historical trading

Avery Dennison Corp (AVY) Options Volume Gains Momentum

Options trading activities were abuzz for Avery Dennison Corp (AVY) as well, with 2,109 contracts traded, representing around 210,900 shares or roughly 55% of AVY’s average daily trading volume over the past month. Notable interest was observed in the $200 strike put option expiring on May 17, 2024, with 2,102 contracts traded today, equivalent to approximately 210,200 shares of AVY. The market landscape for AVY options lit up with fervor.

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Chart showing AVY's historical trading

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