Noteworthy Tuesday Option Activity: PWR, LLY, CIEN
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Quanta Services, Inc. (Symbol: PWR), where a total of 6,576 contracts have traded so far, representing approximately 657,600 underlying shares. That amounts to about 78.4% of PWR's average daily trading volume over the past month of 838,900 shares. Especially high volume was seen for the $740 strike call option expiring October 16, 2026, with 935 contracts trading so far today, representing approximately 93,500 underlying shares of PWR. Below is a chart showing PWR's trailing twelve month trading history, with the $740 strike highlighted in orange:
Eli Lilly (Symbol: LLY) options are showing a volume of 16,512 contracts thus far today. That number of contracts represents approximately 1.7 million underlying shares, working out to a sizeable 73.6% of LLY's average daily trading volume over the past month, of 2.2 million shares. Especially high volume was seen for the $1200 strike call option expiring October 09, 2026, with 719 contracts trading so far today, representing approximately 71,900 underlying shares of LLY. Below is a chart showing LLY's trailing twelve month trading history, with the $1200 strike highlighted in orange:
And Ciena Corp (Symbol: CIEN) options are showing a volume of 15,766 contracts thus far today. That number of contracts represents approximately 1.6 million underlying shares, working out to a sizeable 61.1% of CIEN's average daily trading volume over the past month, of 2.6 million shares. Especially high volume was seen for the $310 strike call option expiring April 16, 2027, with 1,142 contracts trading so far today, representing approximately 114,200 underlying shares of CIEN. Below is a chart showing CIEN's trailing twelve month trading history, with the $310 strike highlighted in orange:
For the various different available expirations for PWR options, LLY options, or CIEN options, visit StockOptionsChannel.com.
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