High Options Trading Volume for BMY, PWR, and MCD Today

Today's report indicates significant options trading activity in Bristol Myers Squibb Co. (BMY), Quanta Services, Inc. (PWR), and McDonald's Corp (MCD), which may influence their stock prices as traders react to market sentiment.

Date: 11-11-2024

AI Rating: 7

The report highlights notable options trading activity within three S&P 500 companies: Bristol Myers Squibb Co. (BMY), Quanta Services, Inc. (PWR), and McDonald's Corp (MCD). These companies are experiencing high volumes of contract trading that could reflect underlying investor sentiment and expectations for future stock performance.

Bristol Myers Squibb Co. (BMY) has reported a total options volume of 75,494 contracts, which corresponds to approximately 7.5 million underlying shares traded. This volume constitutes 82% of BMY's average daily trading volume over the past month. Particularly, the $55 strike call option expiring on November 15, 2024, has seen 3,422 contracts traded, suggesting bullish sentiment as investors anticipate price movement upward.

Quanta Services, Inc. (PWR) reported an options trading volume of 4,236 contracts, representing about 423,600 underlying shares, which is about 50.3% of its average daily trading volume of 842,190 shares. The $340 strike call option expiring December 20, 2024, accounted for 1,707 contracts trading, indicating a potential upward price expectation among investors.

McDonald's Corp (MCD) saw an options trading volume of 23,700 contracts, approximating 2.4 million underlying shares and constituting 47.3% of its average daily trading volume of 5.0 million shares. High activity was also observed for the $307.50 strike call option expiring on November 15, 2024, with 7,970 contracts trading, highlighting bullish sentiment as well.

While the report does not provide specific figures on Earnings Per Share (EPS), Revenue Growth, Net Income, Profit Margins, Free Cash Flow (FCF), or Return on Equity (ROE), the high volume of call options traded could indicate market expectations of positive performance from these companies in the near future. Investors should monitor these stocks as trading activity may sharply influence their respective stock prices.

Stocks: BMY PWR MCD