Notable Wednesday Option Activity: UBER, PYPL, TSLA

Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Uber Technologies Inc (Symbol: UBER), where a total of 390,326 contracts have traded so far, representing approximately 39.0 million underlying shares. That amounts to about 153.4% of UBER’s average daily trading volume over the past month of 25.4 million shares. Especially high volume was seen for the $70 strike call option expiring February 07, 2025, with 16,383 contracts trading so far today, representing approximately 1.6 million underlying shares of UBER. Below is a chart showing UBER’s trailing twelve month trading history, with the $70 strike highlighted in orange:

PayPal Holdings Inc (Symbol: PYPL) saw options trading volume of 156,865 contracts, representing approximately 15.7 million underlying shares or approximately 141.5% of PYPL’s average daily trading volume over the past month, of 11.1 million shares.
Particularly high volume was seen for the $83 strike call option expiring February 21, 2025, with 9,365 contracts trading so far today, representing approximately 936,500 underlying shares of PYPL. Below is a chart showing PYPL’s trailing twelve month trading history, with the $83 strike highlighted in orange:

And Tesla Inc (Symbol: TSLA) saw options trading volume of 822,890 contracts, representing approximately 82.3 million underlying shares or approximately 113% of TSLA’s average daily trading volume over the past month, of 72.8 million shares.
Particularly high volume was seen for the $400 strike call option expiring February 07, 2025, with 42,397 contracts trading so far today, representing approximately 4.2 million underlying shares of TSLA. Below is a chart showing TSLA’s trailing twelve month trading history, with the $400 strike highlighted in orange:

For the various different available expirations for UBER options, PYPL options, or TSLA options, visit StockOptionsChannel.com.

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