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28 June
Notable Friday Option Activity: SBUX, CVX, URI

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Starbucks Corp. (Symbol: SBUX), where a total volume of 55,893 contracts has been traded thus far today, a contract volume which is representative of approximately 5.6 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 49.5% of SBUX's average daily trading volume over the past month, of 11.3 million shares. Particularly high volume was seen for the $85 strike call option expiring August 16, 2024, with 4,933 contracts trading so far today, representing approximately 493,300 underlying shares of SBUX. Below is a chart showing SBUX's trailing twelve month trading history, with the $85 strike highlighted in orange:

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Chevron Corporation (Symbol: CVX) options are showing a volume of 37,323 contracts thus far today. That number of contracts represents approximately 3.7 million underlying shares, working out to a sizeable 47.9% of CVX's average daily trading volume over the past month, of 7.8 million shares. Particularly high volume was seen for the $160 strike call option expiring June 28, 2024, with 12,587 contracts trading so far today, representing approximately 1.3 million underlying shares of CVX. Below is a chart showing CVX's trailing twelve month trading history, with the $160 strike highlighted in orange:

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And United Rentals Inc (Symbol: URI) options are showing a volume of 3,131 contracts thus far today. That number of contracts represents approximately 313,100 underlying shares, working out to a sizeable 47.5% of URI's average daily trading volume over the past month, of 658,495 shares. Particularly high volume was seen for the $450 strike put option expiring July 19, 2024, with 300 contracts trading so far today, representing approximately 30,000 underlying shares of URI. Below is a chart showing URI's trailing twelve month trading history, with the $450 strike highlighted in orange:

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For the various different available expirations for SBUX options, CVX options, or URI options, visit StockOptionsChannel.com.

Today's Most Active Call & Put Options of the S&P 500 »

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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.