Noteworthy Monday Option Activity: APA, PEP, OXY

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in APA Corp (Symbol: APA), where a total volume of 29,734 contracts has been traded thus far today, a contract volume which is representative of approximately 3.0 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 44.6% of APA's average daily trading volume over the past month, of 6.7 million shares. Particularly high volume was seen for the $25.50 strike call option expiring January 10, 2025, with 7,047 contracts trading so far today, representing approximately 704,700 underlying shares of APA. Below is a chart showing APA's trailing twelve month trading history, with the $25.50 strike highlighted in orange:

PepsiCo Inc (Symbol: PEP) options are showing a volume of 27,944 contracts thus far today. That number of contracts represents approximately 2.8 million underlying shares, working out to a sizeable 41% of PEP's average daily trading volume over the past month, of 6.8 million shares. Particularly high volume was seen for the $155 strike call option expiring January 10, 2025, with 2,342 contracts trading so far today, representing approximately 234,200 underlying shares of PEP. Below is a chart showing PEP's trailing twelve month trading history, with the $155 strike highlighted in orange:

And Occidental Petroleum Corp (Symbol: OXY) options are showing a volume of 52,420 contracts thus far today. That number of contracts represents approximately 5.2 million underlying shares, working out to a sizeable 40.3% of OXY's average daily trading volume over the past month, of 13.0 million shares. Especially high volume was seen for the $52 strike call option expiring January 10, 2025, with 3,815 contracts trading so far today, representing approximately 381,500 underlying shares of OXY. Below is a chart showing OXY's trailing twelve month trading history, with the $52 strike highlighted in orange:

For the various different available expirations for APA options, PEP options, or OXY options, visit StockOptionsChannel.com.

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