Noteworthy Thursday Option Activity: EXPD, MET, JNJ
Nasdaq Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Expeditors International of Washington, Inc. (Symbol: EXPD), where a total volume of 7,308 contracts has been traded thus far today, a contract volume which is representative of approximately 730,800 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 55.3% of EXPD's average daily trading volume over the past month, of 1.3 million shares. Especially high volume was seen for the $120 strike call option expiring June 16, 2023, with 4,020 contracts trading so far today, representing approximately 402,000 underlying shares of EXPD. Below is a chart showing EXPD's trailing twelve month trading history, with the $120 strike highlighted in orange:
