Active Options Trading Spotted in Key S&P 500 Stocks

In a significant trading day, Advance Auto Parts, Alphabet, and Micron Technology saw notable options trading volumes—an indicator of potential stock price movements. Investors should monitor these trends closely.

Date: 27-03-2025

AI Rating: 7

Options Trading Activity
Today's report highlights significant options trading activity for three major companies within the S&P 500: Advance Auto Parts (AAP), Alphabet (GOOG), and Micron Technology (MU). For AAP, 16,113 contracts were traded, approximating 1.6 million underlying shares, which is 61.1% of its average daily trading volume over the past month of 2.6 million shares. The notable activity in the $40 strike call option indicates bullish sentiment among traders, suggesting that investors expect the stock to surpass this price level by the expiration date.

For Alphabet, a total of 110,800 contracts have been traded, representing 49.9% of its average daily volume of 22.2 million shares. The trading of 8,931 contracts in the $167.50 strike call option highlights similar bullish anticipation among options traders. This could indicate that investors are expecting further favorable developments or earnings announcements.

Micron Technology saw slightly less activity with 120,060 contracts, or approximately 49.8% of its typical volume of 24.1 million shares, with a significant amount seen in the $90 put options. This activity may indicate a bearish outlook among some traders, possibly anticipating challenges ahead.

Overall, the increased volume in calls for GOOG and AAP can signal a positive sentiment towards their future stock performance, while the mixed response for Micron suggests divergence in trader sentiment regarding its near-term outlook. Investors should consider leveraging these signals for potential positions in these stocks based on their risk tolerance and trading strategy.

Stocks: AAP GOOG MU