Notable Thursday Option Activity: TTWO, DAL, SBAC
Notable Thursday Option Activity: TTWO, DAL, SBAC
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Take-Two Interactive Software, Inc. (Symbol: TTWO), where a total volume of 11,809 contracts has been traded thus far today, a contract volume which is representative of approximately 1.2 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 48.4% of TTWO's average daily trading volume over the past month, of 2.4 million shares. Particularly high volume was seen for the $215 strike call option expiring October 09, 2026, with 2,810 contracts trading so far today, representing approximately 281,000 underlying shares of TTWO. Below is a chart showing TTWO's trailing twelve month trading history, with the $215 strike highlighted in orange:

Delta Air Lines Inc (Symbol: DAL) options are showing a volume of 36,261 contracts thus far today. That number of contracts represents approximately 3.6 million underlying shares, working out to a sizeable 46.5% of DAL's average daily trading volume over the past month, of 7.8 million shares. Particularly high volume was seen for the $80 strike put option expiring January 15, 2027, with 3,029 contracts trading so far today, representing approximately 302,900 underlying shares of DAL. Below is a chart showing DAL's trailing twelve month trading history, with the $80 strike highlighted in orange:

And SBA Communications Corp (Symbol: SBAC) options are showing a volume of 4,216 contracts thus far today. That number of contracts represents approximately 421,600 underlying shares, working out to a sizeable 43.1% of SBAC's average daily trading volume over the past month, of 977,895 shares. Especially high volume was seen for the $185 strike call option expiring October 16, 2026, with 2,845 contracts trading so far today, representing approximately 284,500 underlying shares of SBAC. Below is a chart showing SBAC's trailing twelve month trading history, with the $185 strike highlighted in orange:

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