Monday Perspective on TSLA, LULU, FDX Options Activity Exploring Nifty Monday Option Activity: TSLA, LULU, FDX

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By Ronald Tech

An Unveiling of Trading Insights

Looking at the intriguing world of options trading within the S&P 500 index today, a notable buzz surrounds Tesla Inc (Symbol: TSLA). A staggering total volume of 1.0 million contracts has already exchanged hands, equivalent to approximately 100.5 million underlying shares. This figure translates to a remarkable 135.3% of TSLA’s average daily trading volume over the past month, standing at 74.3 million shares. The $170 strike put option expiring on June 7, 2024, emerges as a focal point, with 83,509 contracts traded, representing about 8.4 million underlying shares of TSLA. Witness the gyrations in TSLA’s last twelve month trading history, with the $170 strike outlined in bold hues.

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LULU and FDX in the Spotlight

lululemon athletica inc (Symbol: LULU) is not far behind, with options trading volume hitting 23,036 contracts, representing approximately 2.3 million underlying shares. This accounts for roughly 89.2% of LULU’s average daily trading volume over the last month, pegged at 2.6 million shares. The $300 strike put option expiring on June 7, 2024, showcases brisk activity today, with 1,681 contracts traded, equivalent to about 168,100 underlying shares of LULU. Take a peek into LULU’s past year trading journey, with the $300 strike accentuated for clarity.

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FedEx Corp (Symbol: FDX) steps into the ring with options trading volume of 11,285 contracts today, representing approximately 1.1 million underlying shares, which is about 85.1% of FDX’s average daily trading volume over the last month totaling 1.3 million shares. The $250 strike put option expiring on June 7, 2024, is particularly lively, witnessing 817 contracts traded thus far, equivalent to around 81,700 underlying shares of FDX. Glimpse into FDX’s trajectory over the past year, with the $250 strike clearly marked.

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Exploring Further

To delve deeper into the realm of options, explore the various expirations available for TSLA options, LULU options, or FDX options at StockOptionsChannel.com.

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