Tuesday’s optional activities to watch: AMGN, ULTA, LIN
Looking at options trading activity among the constituents of the S&P 500 index, there is notable activity today at Amgen Inc (symbol: AMGN), with a total of 30,382 contracts traded to date, representing around 3.0 contract amount. 1 million underlying shares (assuming each contract represents 100 underlying shares). This number represents 125.6% of AMGN’s average daily trading volume of 2.4 million shares last month. Especially the volume was large, $220 Strike Put Option Expiring November 18, 2022, 5,690 contracts have been traded to date, representing approximately 569,000 shares of AMGN. Below is a chart showing AMGN’s trading history over the past 12 months, with the $220 strike highlighted in orange.
Options for Ulta Beauty Inc (symbol: ULTA) show a volume of 6,505 contracts to date. This number of contracts represents approximately 650,500 underlying shares, representing a significant 86.2% of ULTA’s average daily trading volume of 754,865 shares last month. Especially the volume was large, $400 Strike Call Option Expiring October 21, 2022, with 969 contracts traded to date, representing approximately 96,900 shares in ULTA. Below is a chart showing ULTA’s trading history over the past 12 months, with the $400 strike highlighted in orange.
In addition, Linde plc (symbol: LIN) had 11,213 contracts traded in options, representing approximately 1.1 million underlying shares or approximately 59.3% of LIN’s average daily trading volume of 1.9 million shares last month. Especially the volume was large, Strike put option at $260 expiring on 21 October 2022, to date, 2,130 contracts have been traded, representing approximately 213,000 LIN shares. Below is a chart showing LIN’s trading history over the past 12 months, with the $260 strike highlighted in orange.
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The views and opinions expressed herein are those of the authors and do not necessarily reflect those of Nasdaq, Inc.
https://www.nasdaq.com/articles/noteworthy-tuesday-option-activity%3A-amgn-ulta-lin Tuesday’s optional activities to watch: AMGN, ULTA, LIN
