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10 July
Noteworthy Wednesday Option Activity: CVX, PYPL, UPS

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Chevron Corporation (Symbol: CVX), where a total volume of 32,536 contracts has been traded thus far today, a contract volume which is representative of approximately 3.3 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 43.5% of CVX's average daily trading volume over the past month, of 7.5 million shares. Particularly high volume was seen for the $155 strike call option expiring July 12, 2024, with 10,696 contracts trading so far today, representing approximately 1.1 million underlying shares of CVX. Below is a chart showing CVX's trailing twelve month trading history, with the $155 strike highlighted in orange:

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PayPal Holdings Inc (Symbol: PYPL) saw options trading volume of 55,959 contracts, representing approximately 5.6 million underlying shares or approximately 43.4% of PYPL's average daily trading volume over the past month, of 12.9 million shares. Particularly high volume was seen for the $60 strike call option expiring July 12, 2024, with 8,908 contracts trading so far today, representing approximately 890,800 underlying shares of PYPL. Below is a chart showing PYPL's trailing twelve month trading history, with the $60 strike highlighted in orange:

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And United Parcel Service Inc (Symbol: UPS) saw options trading volume of 17,727 contracts, representing approximately 1.8 million underlying shares or approximately 43.3% of UPS's average daily trading volume over the past month, of 4.1 million shares. Particularly high volume was seen for the $120 strike put option expiring July 26, 2024, with 3,797 contracts trading so far today, representing approximately 379,700 underlying shares of UPS. Below is a chart showing UPS's trailing twelve month trading history, with the $120 strike highlighted in orange:

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For the various different available expirations for CVX options, PYPL options, or UPS options, visit StockOptionsChannel.com.

Also see:

Funds Holding Devon Energy
EQOS market cap history
QLGC Historical Stock Prices

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