High Options Trading Volume Observed in Key S&P 500 Stocks

A recent report highlights significant options trading activity in Bath & Body Works Inc (BBWI), Eli Lilly (LLY), and Goldman Sachs Group Inc (GS). The increased trading volume may signal market sentiment and investor expectations for these companies, potentially influencing their stock prices.

Date: 16-09-2024

AI Rating: 5

The report reveals noteworthy options trading activity among key S&P 500 companies, which may indicate investor sentiment and stock price influence. The data for each of the mentioned companies is detailed below:

Bath & Body Works Inc (BBWI): The trading volume reached 40,199 contracts, equating to about 4.0 million underlying shares. This is approximately 68.9% of its average daily trading volume of 5.8 million shares. The high volume of the $28 strike put option, with 17,742 contracts, signifies bearish sentiment in the market for BBWI.
Eli Lilly (LLY): The company saw options volume of 15,219 contracts, representing roughly 1.5 million underlying shares, or 59.3% of its average daily trading volume of 2.6 million shares. High activity on the $950 strike call option indicates positive expectations from investors towards LLY.
Goldman Sachs Group Inc (GS): GS recorded an options volume of 9,338 contracts, which is about 933,800 underlying shares or 54.8% of its average daily trading volume of 1.7 million shares. The notable trading of the $480 strike put option suggests some bearish outlook amongst investors for Goldman Sachs.

Overall, the substantial options trading volumes for these companies can indicate divergent market expectations and could potentially lead to fluctuations in their stock prices based on trading sentiment.

Stocks: BBWI LLY GS