Noteworthy Friday Option Activity: AXP, CEG, FCX
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in American Express Co. (Symbol: AXP), where a total volume of 14,789 contracts has been traded thus far today, a contract volume which is representative of approximately 1.5 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 44.6% of AXP's average daily trading volume over the past month, of 3.3 million shares. Particularly high volume was seen for the $305 strike call option expiring October 09, 2026, with 2,383 contracts trading so far today, representing approximately 238,300 underlying shares of AXP. Below is a chart showing AXP's trailing twelve month trading history, with the $305 strike highlighted in orange:
Constellation Energy Corp (Symbol: CEG) options are showing a volume of 13,256 contracts thus far today. That number of contracts represents approximately 1.3 million underlying shares, working out to a sizeable 43.7% of CEG's average daily trading volume over the past month, of 3.0 million shares. Particularly high volume was seen for the $210 strike put option expiring November 20, 2026, with 5,510 contracts trading so far today, representing approximately 551,000 underlying shares of CEG. Below is a chart showing CEG's trailing twelve month trading history, with the $210 strike highlighted in orange:
And Freeport-McMoran Copper & Gold (Symbol: FCX) saw options trading volume of 47,446 contracts, representing approximately 4.7 million underlying shares or approximately 41.9% of FCX's average daily trading volume over the past month, of 11.3 million shares. Particularly high volume was seen for the $70 strike call option expiring December 18, 2026, with 10,267 contracts trading so far today, representing approximately 1.0 million underlying shares of FCX. Below is a chart showing FCX's trailing twelve month trading history, with the $70 strike highlighted in orange:
For the various different available expirations for AXP options, CEG options, or FCX options, visit StockOptionsChannel.com.
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