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Notable Tuesday Option Activity: BAC, WBD, PANW

Warner Bros Discovery Inc (Symbol: WBD) options are showing a volume of 125,911 contracts thus far today. That number of contracts represents approximately 12.6 million underlying shares, working out to a sizeable 58% of WBD's average daily trading volume over the past month, of 21.7 million shares. Particularly high volume was seen for the $25 strike put option expiring August 21, 2026, with 31,840 contracts trading so far today, representing approximately 3.2 million underlying shares of WBD. Below is a chart showing WBD's trailing twelve month trading history, with the $25 strike highlighted in orange:

And Palo Alto Networks, Inc (Symbol: PANW) options are showing a volume of 40,489 contracts thus far today. That number of contracts represents approximately 4.0 million underlying shares, working out to a sizeable 53.6% of PANW's average daily trading volume over the past month, of 7.6 million shares. Especially high volume was seen for the $380 strike call option expiring July 17, 2026, with 2,488 contracts trading so far today, representing approximately 248,800 underlying shares of PANW. Below is a chart showing PANW's trailing twelve month trading history, with the $380 strike highlighted in orange:

For the various different available expirations for BAC options, WBD options, or PANW options, visit StockOptionsChannel.com.

Today's Most Active Call & Put Options of the S&P 500 »

Further BAC Research:

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.