Notable Thursday Option Activity: SBUX, PEP, NOW
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Starbucks Corp. (Symbol: SBUX), where a total volume of 50,139 contracts has been traded thus far today, a contract volume which is representative of approximately 5.0 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 67.5% of SBUX's average daily trading volume over the past month, of 7.4 million shares. Particularly high volume was seen for the $95 strike call option expiring November 20, 2026, with 4,146 contracts trading so far today, representing approximately 414,600 underlying shares of SBUX. Below is a chart showing SBUX's trailing twelve month trading history, with the $95 strike highlighted in orange:
PepsiCo Inc (Symbol: PEP) saw options trading volume of 51,407 contracts, representing approximately 5.1 million underlying shares or approximately 53.3% of PEP's average daily trading volume over the past month, of 9.6 million shares. Particularly high volume was seen for the $127 strike call option expiring October 09, 2026, with 2,295 contracts trading so far today, representing approximately 229,500 underlying shares of PEP. Below is a chart showing PEP's trailing twelve month trading history, with the $127 strike highlighted in orange:
And ServiceNow Inc (Symbol: NOW) saw options trading volume of 54,492 contracts, representing approximately 5.4 million underlying shares or approximately 48.7% of NOW's average daily trading volume over the past month, of 11.2 million shares. Particularly high volume was seen for the $140 strike call option expiring October 09, 2026, with 3,970 contracts trading so far today, representing approximately 397,000 underlying shares of NOW. Below is a chart showing NOW's trailing twelve month trading history, with the $140 strike highlighted in orange:
For the various different available expirations for SBUX options, PEP options, or NOW options, visit StockOptionsChannel.com.
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