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Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Arista Networks Inc (Symbol: ANET), where a total volume of 13,503 contracts has been traded thus far today, a contract volume which is representative of approximately 1.4 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 56.1% of ANET's average daily trading volume over the past month, of 2.4 million shares. Particularly high volume was seen for the $470 strike call option expiring November 15, 2024, with 1,515 contracts trading so far today, representing approximately 151,500 underlying shares of ANET. Below is a chart showing ANET's trailing twelve month trading history, with the $470 strike highlighted in orange:

MGM Resorts International (Symbol: MGM) saw options trading volume of 16,749 contracts, representing approximately 1.7 million underlying shares or approximately 45.7% of MGM's average daily trading volume over the past month, of 3.7 million shares. Particularly high volume was seen for the $43 strike call option expiring June 28, 2024, with 8,195 contracts trading so far today, representing approximately 819,500 underlying shares of MGM. Below is a chart showing MGM's trailing twelve month trading history, with the $43 strike highlighted in orange:

And CVS Health Corporation (Symbol: CVS) saw options trading volume of 49,216 contracts, representing approximately 4.9 million underlying shares or approximately 40.6% of CVS's average daily trading volume over the past month, of 12.1 million shares. Particularly high volume was seen for the $53 strike put option expiring August 02, 2024, with 5,542 contracts trading so far today, representing approximately 554,200 underlying shares of CVS. Below is a chart showing CVS's trailing twelve month trading history, with the $53 strike highlighted in orange:

For the various different available expirations for ANET options, MGM options, or CVS options, visit StockOptionsChannel.com.

Also see:

EGY Options Chain
Top Ten Hedge Funds Holding CNXC
OSIS YTD Return

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