Notable Friday option activity: BIO, CRM, V

In terms of options trading activity among the constituents of the S&P 500 Index, there was notable activity today at Bio-Rad Laboratories Inc (Symbol: BIO), where a total volume of 672 contracts has been traded so far today, a volume of contracts that is representative of approximately 67,200 underlying stocks (given that each contract represents 100 underlying stocks). This number equates to 47.9% of BIO’s average daily trading volume over the past month, or 140,405 shares. Particularly high volume was seen for the $600 strike call option expiring March 17, 2023, with 89 contracts traded so far today, representing approximately 8,900 underlying shares of BIO. Below is a chart showing BIO’s trading history over the last twelve months, with the $600 strike highlighted in orange:

Salesforce Inc (symbol: CRM) options show a volume of 40,836 contracts to date. This number of contracts represents approximately 4.1 million underlying shares, or 45.3% of CRM’s average daily trading volume over the past month, or 9.0 million shares. Particularly high volume was seen for the $170 strike call option expiring on February 17, 2023, with 4,975 contracts traded so far today, representing approximately 497,500 underlying CRM shares. Below is a chart showing CRM’s past twelve month trading history, with the $170 strike highlighted in orange:

And Visa Inc (Symbol: V) recorded options trading volume of 25,211 contracts, representing approximately 2.5 million underlying shares, or approximately 44% of V’s average daily trading volume during the month. last, or 5.7 million shares. Particularly high volume was seen for the $225 strike call option expiring February 17, 2023, with 2,503 contracts traded so far today, representing approximately 250,300 underlying shares of V. You Below is a chart showing V’s trading history over the last twelve months, with the $225 strike highlighted. in orange: