High Options Trading Volume for BAC, GE, and ORCL Today

Increased trading activity signals potential shifts. Bank of America's options volume of 171,189 contrasts with its usual figures, pointing to investor interest. This could influence stock prices in the near term.

Date: 15-01-2025

AI Rating: 7

Options Trading Activity
Today's options trading data among S&P 500 companies reveals noteworthy volumes for Bank of America Corp, General Electric Co, and Oracle Corp.

Bank of America Corp (BAC) saw a total of 171,189 contracts traded, significantly higher than its average daily trading volume, which indicates strong investor interest. The volume constitutes 54% of BAC's average daily trading volume of 31.7 million shares. Particularly noteworthy was the activity surrounding the $48 strike call option expiring February 21, 2025, with 13,448 contracts traded thus far.

Similarly, General Electric Co (GE) displayed robust options trading with 27,272 contracts, representing about 53.5% of its average volume of 5.1 million shares. High activity was noted for the $195 strike call option expiring March 21, 2025, with 9,768 contracts exchanged.

Oracle Corp (ORCL) also experienced significant activity with 38,170 contracts traded, equating to 51.6% of its average daily trading volume of 7.4 million shares. The $162.50 strike call option, expiring January 17, 2025, attracted 3,784 contracts.

This data could suggest bullish sentiments among investors for these companies, and due to the sheer volume of options being traded, there could be potential upward momentum for stock prices. Investors may view these contracts as leveraging their positions, anticipating future growth or stability.

Stocks: BAC GE ORCL