High Options Trading Volume for AbbVie, EA, and Occidental

Investors are noting significant options trading volumes in AbbVie, Electronic Arts, and Occidental Petroleum, with all three companies surpassing their average daily volumes today. This trend may influence stock prices based on investor sentiment and market activity.

Date: 31-01-2025

AI Rating: 7

Options Trading Volume Insights
Today’s report highlights heightened options trading activity among several S&P 500 companies, specifically AbbVie Inc (ABBV), Electronic Arts, Inc. (EA), and Occidental Petroleum Corp (OXY).

For AbbVie, 63,797 contracts have been traded, equating to approximately 6.4 million underlying shares—110.2% of the company’s average daily trading volume in the past month. Volume was particularly strong for the $190 strike call option expiring January 31, 2025, with 6,523 contracts traded, indicating positive sentiment around ABBV's price performance going forward.

Electronic Arts has also experienced an uptick in options activity. With 40,349 contracts traded (approx. 4 million underlying shares), this represents 106.1% of EA’s average daily trading volume. The specific highlight is on the $130 strike call option expiring February 07, 2025, where 10,467 contracts have been traded, showing investor confidence in EA’s stock performance in the near future.

Occidental Petroleum reported a similar surge in trading volume, with 92,884 contracts and about 9.3 million underlying shares, or 97.7% of its average daily trading volume. The $50 strike call option expiring June 20, 2025, attracted noteworthy interest with 5,001 contracts traded, suggesting that investors are looking for upward price movement.

While this report does not include specific financial metrics like Earnings Per Share (EPS), Revenue Growth, Net Income, Profit Margins, Free Cash Flow, or Return on Equity, the high volume of options traded could signal investor confidence or speculation, and thus potentially lead to volatility in these stocks. The observed volumes typically indicate that investors are positioning themselves based on anticipated future price movements.

Stocks: ABBV EA OXY