Notable Friday Option Activity: JCI, DPZ, BBY
Nasdaq Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Johnson Controls International plc (Symbol: JCI), where a total volume of 23,296 contracts has been traded thus far today, a contract volume which is representative of approximately 2.3 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 56% of JCI's average daily trading volume over the past month, of 4.2 million shares. Particularly high volume was seen for the $62.50 strike call option expiring June 16, 2023, with 11,264 contracts trading so far today, representing approximately 1.1 million underlying shares of JCI. Below is a chart showing JCI's trailing twelve month trading history, with the $62.50 strike highlighted in orange: