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Noteworthy Thursday Option Activity: DAL, AXP, LITE

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Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Delta Air Lines Inc (Symbol: DAL), where a total volume of 32,470 contracts has been traded thus far today, a contract volume which is representative of approximately 3.2 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 66.6% of DAL’s average daily trading volume over the past month, of 4.9 million shares. Particularly high volume was seen for the $80 strike call option expiring September 18, 2026, with 6,261 contracts trading so far today, representing approximately 626,100 underlying shares of DAL. Below is a chart showing DAL’s trailing twelve month trading history, with the $80 strike highlighted in orange:

American Express Co. (Symbol: AXP) options are showing a volume of 14,587 contracts thus far today. That number of contracts represents approximately 1.5 million underlying shares, working out to a sizeable 62.5% of AXP’s average daily trading volume over the past month, of 2.3 million shares.
Particularly high volume was seen for the $330 strike call option expiring September 18, 2026, with 2,395 contracts trading so far today, representing approximately 239,500 underlying shares of AXP. Below is a chart showing AXP’s trailing twelve month trading history, with the $330 strike highlighted in orange:

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And Lumentum Holdings Inc (Symbol: LITE) saw options trading volume of 28,189 contracts, representing approximately 2.8 million underlying shares or approximately 61.1% of LITE’s average daily trading volume over the past month, of 4.6 million shares.
Especially high volume was seen for the $1020 strike call option expiring September 11, 2026, with 2,636 contracts trading so far today, representing approximately 263,600 underlying shares of LITE. Below is a chart showing LITE’s trailing twelve month trading history, with the $1020 strike highlighted in orange:

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For the various different available expirations for DAL options, AXP options, or LITE options, visit StockOptionsChannel.com.

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

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