Notable Tuesday Option Activity: NFLX, AAPL, META

Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Netflix Inc (Symbol: NFLX), where a total of 36,377 contracts have traded so far, representing approximately 3.6 million underlying shares. That amounts to about 128.8% of NFLX’s average daily trading volume over the past month of 2.8 million shares. Especially high volume was seen for the $700 strike call option expiring July 05, 2024, with 3,080 contracts trading so far today, representing approximately 308,000 underlying shares of NFLX. Below is a chart showing NFLX’s trailing twelve month trading history, with the $700 strike highlighted in orange:

Apple Inc (Symbol: AAPL) options are showing a volume of 1.0 million contracts thus far today. That number of contracts represents approximately 100.8 million underlying shares, working out to a sizeable 113% of AAPL’s average daily trading volume over the past month, of 89.2 million shares.
Especially high volume was seen for the $220 strike call option expiring July 05, 2024, with 147,641 contracts trading so far today, representing approximately 14.8 million underlying shares of AAPL. Below is a chart showing AAPL’s trailing twelve month trading history, with the $220 strike highlighted in orange:

And Meta Platforms Inc (Symbol: META) saw options trading volume of 113,397 contracts, representing approximately 11.3 million underlying shares or approximately 95.6% of META’s average daily trading volume over the past month, of 11.9 million shares.
Particularly high volume was seen for the $515 strike call option expiring July 05, 2024, with 7,148 contracts trading so far today, representing approximately 714,800 underlying shares of META. Below is a chart showing META’s trailing twelve month trading history, with the $515 strike highlighted in orange: