Notable Friday Option Activity: FCX, ADSK, MNST

By Metals Channel Staff, Friday, February 26, 1:16 PM ET

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Freeport-McMoran Copper & Gold (NYSE:FCX), where a total volume of 113,262 contracts has been traded thus far today, a contract volume which is representative of approximately 11.3 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 46.7% of FCX's average daily trading volume over the past month, of 24.3 million shares. Particularly high volume was seen for the $34 strike put option expiring February 26, 2021, with 9,222 contracts trading so far today, representing approximately 922,200 underlying shares of FCX. Below is a chart showing FCX's trailing twelve month trading history, with the $34 strike highlighted in orange:

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

Autodesk Inc (NASDAQ:ADSK) saw options trading volume of 5,153 contracts, representing approximately 515,300 underlying shares or approximately 40.4% of ADSK's average daily trading volume over the past month, of 1.3 million shares. Especially high volume was seen for the $220 strike put option expiring March 19, 2021, with 243 contracts trading so far today, representing approximately 24,300 underlying shares of ADSK. Below is a chart showing ADSK's trailing twelve month trading history, with the $220 strike highlighted in orange:

And Monster Beverage Corp (NASDAQ:MNST) options are showing a volume of 7,026 contracts thus far today. That number of contracts represents approximately 702,600 underlying shares, working out to a sizeable 40.3% of MNST's average daily trading volume over the past month, of 1.7 million shares. Especially high volume was seen for the $80 strike put option expiring June 18, 2021, with 1,223 contracts trading so far today, representing approximately 122,300 underlying shares of MNST. Below is a chart showing MNST's trailing twelve month trading history, with the $80 strike highlighted in orange:

For the various different available expirations for FCX options, ADSK options, or MNST options, visit StockOptionsChannel.com.

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