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Notable Optional Wednesday Activity: BAC, NOC, SPWR

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In terms of options trading activity among constituents of the Russell 3000 Index, there was notable activity today at Bank of America Corp (Symbol: BAC), where total volume of 188,028 contracts has been traded so far today, a volume of contracts which is representative of approximately 18.8 million underlying shares (given that each contract represents 100 underlying shares). This number equates to 42.2% of BAC’s average daily trading volume over the past month, or 44.5 million shares. Particularly high volume was seen for the $40 strike put option expiring on January 20, 2023, with 15,420 contracts traded to date, representing approximately 1.5 million underlying BAC shares. Below is a chart showing BAC’s trading history over the last twelve months, with the $40 strike highlighted in orange:

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Northrop Grumman Corp (Symbol: NOC) recorded options trading volume of 2,638 contracts, representing approximately 263,800 underlying stocks or approximately 42% of NOC’s average daily trading volume over the past month of 628 700 shares. Particularly high volume was seen for the $550 strike call option expiring on December 30, 2022, with 308 contracts traded so far today, representing approximately 30,800 underlying NOC shares. Below is a chart showing NOC’s past twelve month trading history, with the $550 strike highlighted in orange:

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And SunPower Corp (Symbol: SPWR) recorded options trading volume of 13,422 contracts, representing approximately 1.3 million underlying shares or approximately 41.5% of SPWR’s average daily trading volume during the last month, or 3.2 million shares. Particularly high volume was seen for the $23 strike put option expiring March 17, 2023, with 3,923 contracts traded so far today, representing approximately 392,300 underlying shares of SPWR. Below is a chart showing SPWR’s last twelve month trading history, with the $23 strike highlighted in orange:

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For the different expirations available for BAC options, NOC options or SPWR options, visit StockOptionsChannel.com.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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