High Options Trading Volume for AAPL, NOW, and AXON Today

Increased activity in options trading today shows strong interest in AAPL, NOW, and AXON. This may influence stock prices as traders position themselves ahead of potential price movements.

Date: 06-02-2025

AI Rating: 6

Options Trading Activity Analysis

The report outlines significant options trading activity for multiple S&P 500 constituents, particularly highlighting Apple Inc. (AAPL), ServiceNow Inc. (NOW), and Axon Enterprise Inc. (AXON). These metrics can serve as indicators for potential stock price movement.

For Apple Inc. (AAPL), a total of 406,849 contracts have been traded, representing approximately 40.7 million underlying shares, which constitutes 66.6% of AAPL's average daily trading volume of 61.1 million shares over the past month. Such high trading volume may indicate increased investor interest and speculation surrounding AAPL’s stock. Notably, the $235 strike call option, with 27,368 contracts traded, could signal bullish sentiment among traders as they position themselves for a possible price increase.

ServiceNow Inc. (NOW) shows a volume of 11,099 contracts or approximately 1.1 million underlying shares, which is 61.1% of its average daily volume of 1.8 million shares. The high activity in the $1000 strike put option, with 5,500 contracts, may reflect a bearish outlook from certain traders. This juxtaposition of sentiments could create volatility in NOW's market performance.

For Axon Enterprise Inc. (AXON), 3,177 contracts were traded, accounting for roughly 317,700 underlying shares, around 53.3% of its average volume of 595,890 shares. The trading of the $580 strike put option, with 1,222 contracts, suggests potential caution among traders regarding the stock's future performance.

This heightened options activity across these companies might lead to immediate stock price fluctuations. Investors should keep a close eye on these movements as they could reflect traders' broader expectations about the performance of these companies and influence stock market sentiment.

Stocks: AAPL NOW AXON