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Noteworthy Friday Option Activity: META, COST, FCX

By Metals Channel Staff, Friday, March 15, 1:23 PM ET

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Meta Platforms Inc (NASDAQ:META), where a total volume of 212,597 contracts has been traded thus far today, a contract volume which is representative of approximately 21.3 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 130.7% of META's average daily trading volume over the past month, of 16.3 million shares. Particularly high volume was seen for the $487.50 strike call option expiring March 15, 2024, with 12,564 contracts trading so far today, representing approximately 1.3 million underlying shares of META. Below is a chart showing META's trailing twelve month trading history, with the $487.50 strike highlighted in orange:

Costco Wholesale Corp (NASDAQ:COST) options are showing a volume of 25,702 contracts thus far today. That number of contracts represents approximately 2.6 million underlying shares, working out to a sizeable 101% of COST's average daily trading volume over the past month, of 2.5 million shares. Particularly high volume was seen for the $700 strike put option expiring March 22, 2024, with 2,572 contracts trading so far today, representing approximately 257,200 underlying shares of COST. Below is a chart showing COST's trailing twelve month trading history, with the $700 strike highlighted in orange:

And Freeport-McMoran Copper & Gold (NYSE:FCX) saw options trading volume of 80,114 contracts, representing approximately 8.0 million underlying shares or approximately 68.4% of FCX's average daily trading volume over the past month, of 11.7 million shares. Particularly high volume was seen for the $47 strike call option expiring April 19, 2024, with 4,904 contracts trading so far today, representing approximately 490,400 underlying shares of FCX. Below is a chart showing FCX's trailing twelve month trading history, with the $47 strike highlighted in orange:

For the various different available expirations for META options, COST options, or FCX options, visit StockOptionsChannel.com.

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