Noteworthy Wednesday Option Activity: ORCL, GEV, PYPL

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Oracle Corp (Symbol: ORCL), where a total volume of 36,767 contracts has been traded thus far today, a contract volume which is representative of approximately 3.7 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 66.9% of ORCL's average daily trading volume over the past month, of 5.5 million shares. Particularly high volume was seen for the $180 strike call option expiring November 15, 2024, with 3,598 contracts trading so far today, representing approximately 359,800 underlying shares of ORCL. Below is a chart showing ORCL's trailing twelve month trading history, with the $180 strike highlighted in orange:

GE Vernova Inc (Symbol: GEV) saw options trading volume of 15,927 contracts, representing approximately 1.6 million underlying shares or approximately 65.6% of GEV's average daily trading volume over the past month, of 2.4 million shares. Especially high volume was seen for the $350 strike call option expiring November 15, 2024, with 3,075 contracts trading so far today, representing approximately 307,500 underlying shares of GEV. Below is a chart showing GEV's trailing twelve month trading history, with the $350 strike highlighted in orange:

And PayPal Holdings Inc (Symbol: PYPL) options are showing a volume of 66,147 contracts thus far today. That number of contracts represents approximately 6.6 million underlying shares, working out to a sizeable 62.4% of PYPL's average daily trading volume over the past month, of 10.6 million shares. Especially high volume was seen for the $60 strike put option expiring December 20, 2024, with 6,269 contracts trading so far today, representing approximately 626,900 underlying shares of PYPL. Below is a chart showing PYPL's trailing twelve month trading history, with the $60 strike highlighted in orange:

For the various different available expirations for ORCL options, GEV options, or PYPL options, visit StockOptionsChannel.com.

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

Also see:

• Institutional Holders of HLP
• AXE Price Target
• Funds Holding SFUN

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