Notable Friday Option Activity: DLR, EQIX, IBM

LIn terms of options trading activity among the constituents of the S&P 500 Index, there was notable activity today at Digital Realty Trust Inc (Symbol: DLR), where total volume of 7,321 contracts has been traded so far today, a volume of contracts that is representative of approximately 732,100 underlying stocks (given that each contract represents 100 underlying stocks). This number equates to 45.4% of DLR’s average daily trading volume over the past month, or 1.6 million shares. Particularly high volume was seen for the $90 strike put option expiring on January 20, 2023, with 4,350 contracts traded so far today, representing approximately 435,000 underlying shares of DLR. Below is a chart showing DLR’s trading history over the last twelve months, with the $90 strike highlighted in orange:

Equinix Inc Options (ticker: EQIX) has a volume of 2,593 contracts to date. This number of contracts represents approximately 259,300 underlying shares, or 44.7% of EQIX’s average daily trading volume over the past month, or 580,100 shares. Particularly high volume was seen for the $560 strike put option expiring on August 19, 2022, with 864 contracts traded so far today, representing approximately 86,400 underlying shares of EQIX. Below is a chart showing EQIX’s trading history over the last twelve months, with the $560 strike highlighted in orange:

And International Business Machines Corp (ticker: IBM) options are showing a volume of 22,200 contracts so far today. This number of contracts represents approximately 2.2 million underlying shares, or 44.1% of IBM’s average daily trading volume over the past month, or 5.0 million shares. Particularly high volume was seen for the $140 strike call option expiring on July 15, 2022, with 4,503 contracts traded so far today, representing approximately 450,300 underlying IBM shares. Below is a graph showing IBM’s trading history for the past twelve months, with the $140 strike highlighted in orange:

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