Impressive Thursday Options Trading: AMD, ADBE, LLY

Written By Michael Gary Scott

AMD: Electrifying Options Action

On this noteworthy Thursday, the trading floor witnessed a fascinating spectacle in the realm of Advanced Micro Devices Inc. A staggering 649,374 contracts have changed hands, equivalent to a colossal 64.9 million underlying shares – a figure that overshadows AMD’s average daily volume of 50.8 million shares in the past month by a jaw-dropping 127.8%. The options arena was ablaze with activity, notably at the $170 strike call, expiring on June 7, 2024. An astonishing 77,839 contracts were traded, representing a whopping 7.8 million AMD shares. The numbers speak volumes, painting a vivid picture of the frenetic trading day that has unfolded.

Chart depicting AMD's trading history, highlighting the $170 strike call option

ADBE: Dazzling Option Volume

Meanwhile, Adobe Inc, symbol ADBE, exhibited an equally striking performance in the options market. A total of 33,169 contracts have been traded today, translating to approximately 3.3 million underlying shares – an impressive 107.7% surge above ADBE’s average daily trading volume of 3.1 million shares over the past month. The limelight shone brightly on the $460 strike call option expiring on June 7, 2024, with 1,387 contracts traded, representing roughly 138,700 shares of the tech giant.

Chart illustrating ADBE's trading history, with the $460 strike call option highlighted

LLY: Options Market Surge

Eli Lilly, known by its symbol LLY, also witnessed a flurry of activity as options trading volume hit 25,537 contracts, reflecting approximately 2.6 million underlying shares or about 105.6% of LLY’s average daily trading volume in the last month. The $830 strike call option expiring on June 7, 2024, sparked considerable interest with 1,201 contracts traded, equivalent to around 120,100 shares of the pharmaceutical company.

Visual representation of LLY's trading history, highlighting the $830 strike call option

For a comprehensive overview of available expirations for AMD, ADBE, or LLY options, investors are encouraged to explore the offerings on StockOptionsChannel.com – a hub of investment opportunities.

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