Notable Tuesday Option Activity: TMO, CHTR, LLY
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Among the underlying constituents of the S&P 500 Index, we saw remarkable options trading volume today at Thermo Fisher Scientific Inc (Symbol: TMO), where a total of 5,935 contracts were traded so far. now representing approximately 593,500 underlying stocks. This equates to about 50.9% of TMO’s average daily trading volume over the past month of 1.2 million shares. Particularly high volume was seen for the $600 strike call option expiring November 18, 2022, with 2,874 contracts traded so far today, representing approximately 287,400 underlying TMO shares. Below is a chart showing TMO’s past twelve month trading history, with the $600 strike highlighted in orange:
Charter Communications Inc (Symbol: CHTR) recorded options trading volume of 7,121 contracts, representing approximately 712,100 underlying stocks or approximately 46.4% of CHTR’s average daily trading volume over the past month, i.e. 1.5 million shares. Particularly high volume was seen for the $450 strike call expiring on October 7, 2022, with 689 contracts traded so far today, representing approximately 68,900 underlying shares of CHTR. Below is a chart showing CHTR’s trading history over the last twelve months, with the $450 strike highlighted in orange:
And Eli Lilly (ticker: LLY) had options trading volume of 12,218 contracts, representing approximately 1.2 million underlying shares, or approximately 44.3% of LLY’s average daily trading volume during the last month, or 2.8 million shares. Particularly high volume was seen for the $275 strike put option expiring on October 21, 2022, with 5,994 contracts traded so far today, representing approximately 599,400 underlying LLY shares. Below is a chart showing LLY’s trading history over the last twelve months, with the $275 strike highlighted in orange:
For the different expirations available for TMO options, CHTR options or LLY options, visit StockOptionsChannel.com.
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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