Notable Wednesday Option Activity: AAPL, NOW, AXON

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By Ronald Tech

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Apple Inc (Symbol: AAPL), where a total volume of 406,849 contracts has been traded thus far today, a contract volume which is representative of approximately 40.7 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 66.6% of AAPL’s average daily trading volume over the past month, of 61.1 million shares. Especially high volume was seen for the $235 strike call option expiring February 07, 2025, with 27,368 contracts trading so far today, representing approximately 2.7 million underlying shares of AAPL. Below is a chart showing AAPL’s trailing twelve month trading history, with the $235 strike highlighted in orange:

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ServiceNow Inc (Symbol: NOW) options are showing a volume of 11,099 contracts thus far today. That number of contracts represents approximately 1.1 million underlying shares, working out to a sizeable 61.1% of NOW’s average daily trading volume over the past month, of 1.8 million shares.
Especially high volume was seen for the $1000 strike put option expiring February 07, 2025, with 5,500 contracts trading so far today, representing approximately 550,000 underlying shares of NOW. Below is a chart showing NOW’s trailing twelve month trading history, with the $1000 strike highlighted in orange:

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And Axon Enterprise Inc (Symbol: AXON) saw options trading volume of 3,177 contracts, representing approximately 317,700 underlying shares or approximately 53.3% of AXON’s average daily trading volume over the past month, of 595,890 shares.
Especially high volume was seen for the $580 strike put option expiring March 21, 2025, with 1,222 contracts trading so far today, representing approximately 122,200 underlying shares of AXON. Below is a chart showing AXON’s trailing twelve month trading history, with the $580 strike highlighted in orange:

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For the various different available expirations for AAPL options, NOW options, or AXON options, visit StockOptionsChannel.com.

Today’s Most Active Call & Put Options of the S&P 500 »

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