Notable Monday Option Activity: AXP, NBR, FTNT

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in American Express Co. (Symbol: AXP), where a total volume of 9,427 contracts has been traded thus far today, a contract volume which is representative of approximately 942,700 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 41.3% of AXP's average daily trading volume over the past month, of 2.3 million shares. Particularly high volume was seen for the $300 strike put option expiring December 20, 2024, with 2,688 contracts trading so far today, representing approximately 268,800 underlying shares of AXP. Below is a chart showing AXP's trailing twelve month trading history, with the $300 strike highlighted in orange:

Nabors Industries Ltd (Symbol: NBR) saw options trading volume of 1,224 contracts, representing approximately 122,400 underlying shares or approximately 40.8% of NBR's average daily trading volume over the past month, of 299,635 shares. Particularly high volume was seen for the $55 strike put option expiring April 17, 2025, with 1,001 contracts trading so far today, representing approximately 100,100 underlying shares of NBR. Below is a chart showing NBR's trailing twelve month trading history, with the $55 strike highlighted in orange:

And Fortinet Inc (Symbol: FTNT) options are showing a volume of 18,382 contracts thus far today. That number of contracts represents approximately 1.8 million underlying shares, working out to a sizeable 40.3% of FTNT's average daily trading volume over the past month, of 4.6 million shares. Particularly high volume was seen for the $98 strike call option expiring December 27, 2024, with 4,970 contracts trading so far today, representing approximately 497,000 underlying shares of FTNT. Below is a chart showing FTNT's trailing twelve month trading history, with the $98 strike highlighted in orange:

For the various different available expirations for AXP options, NBR options, or FTNT options, visit StockOptionsChannel.com.

Today's Most Active Call & Put Options of the S&P 500 »

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