It doesn’t happen often, but three of America’s most followed large-cap stocks led the way in Wednesday’s unusual options activity.
Netflix (NFLX), Honeywell Aerospace (HONA), and Microsoft (MSFT) had the top three Vol/OI (volume-to-open-interest) ratios for options expiring in six days or more: 205.13, 101.70, and 78.80, respectively. This was on a day when the options volume was woefully low at 44.6 million, just 71% of the 90-day average.