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25 June
Noteworthy Tuesday Option Activity: GOOG, MHK, MSFT

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Alphabet Inc (Symbol: GOOG), where a total volume of 134,287 contracts has been traded thus far today, a contract volume which is representative of approximately 13.4 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 72.2% of GOOG's average daily trading volume over the past month, of 18.6 million shares. Particularly high volume was seen for the $190 strike call option expiring June 28, 2024, with 24,484 contracts trading so far today, representing approximately 2.4 million underlying shares of GOOG. Below is a chart showing GOOG's trailing twelve month trading history, with the $190 strike highlighted in orange:

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Mohawk Industries, Inc. (Symbol: MHK) options are showing a volume of 3,772 contracts thus far today. That number of contracts represents approximately 377,200 underlying shares, working out to a sizeable 61.8% of MHK's average daily trading volume over the past month, of 610,550 shares. Particularly high volume was seen for the $110 strike call option expiring August 16, 2024, with 2,083 contracts trading so far today, representing approximately 208,300 underlying shares of MHK. Below is a chart showing MHK's trailing twelve month trading history, with the $110 strike highlighted in orange:

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And Microsoft Corporation (Symbol: MSFT) options are showing a volume of 87,511 contracts thus far today. That number of contracts represents approximately 8.8 million underlying shares, working out to a sizeable 45.4% of MSFT's average daily trading volume over the past month, of 19.3 million shares. Particularly high volume was seen for the $450 strike call option expiring June 28, 2024, with 6,679 contracts trading so far today, representing approximately 667,900 underlying shares of MSFT. Below is a chart showing MSFT's trailing twelve month trading history, with the $450 strike highlighted in orange:

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For the various different available expirations for GOOG options, MHK options, or MSFT options, visit StockOptionsChannel.com.

Also see:

AFCG YTD Return
XPO Options Chain
MMI Price Target

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