Notable Monday Option Activity: BBY, SBUX, AXON

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Best Buy Inc (Symbol: BBY), where a total volume of 48,165 contracts has been traded thus far today, a contract volume which is representative of approximately 4.8 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 116.4% of BBY's average daily trading volume over the past month, of 4.1 million shares. Particularly high volume was seen for the $75 strike call option expiring December 20, 2024, with 20,160 contracts trading so far today, representing approximately 2.0 million underlying shares of BBY. Below is a chart showing BBY's trailing twelve month trading history, with the $75 strike highlighted in orange:

Starbucks Corp. (Symbol: SBUX) saw options trading volume of 62,580 contracts, representing approximately 6.3 million underlying shares or approximately 91% of SBUX's average daily trading volume over the past month, of 6.9 million shares. Particularly high volume was seen for the $98 strike call option expiring December 20, 2024, with 12,247 contracts trading so far today, representing approximately 1.2 million underlying shares of SBUX. Below is a chart showing SBUX's trailing twelve month trading history, with the $98 strike highlighted in orange:

And Axon Enterprise Inc (Symbol: AXON) saw options trading volume of 4,489 contracts, representing approximately 448,900 underlying shares or approximately 54.7% of AXON's average daily trading volume over the past month, of 820,490 shares. Particularly high volume was seen for the $700 strike call option expiring December 20, 2024, with 692 contracts trading so far today, representing approximately 69,200 underlying shares of AXON. Below is a chart showing AXON's trailing twelve month trading history, with the $700 strike highlighted in orange:

For the various different available expirations for BBY options, SBUX options, or AXON options, visit StockOptionsChannel.com.

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

Also see:

• David Einhorn Stock Picks
• Funds Holding SNH
• Institutional Holders of SELB

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