Significant options trading volumes were observed on Tuesday in Marriott International (NASDAQ:MAR), American Express Co. (NYSE:NYSE:AXP), and Morgan Stanley (NYSE:MS), surpassing their average daily volumes from the past month.
Marriott's trading involved 22,809 contracts, which correspond to about 2.3 million underlying shares. This was particularly notable for the company's $185 strike put option with a November 17, 2023 expiration date.
American Express recorded a volume of 21,679 contracts, translating to approximately 2.2 million underlying shares. Morgan Stanley saw even larger activity, with a volume of 50,257 contracts or around 5.0 million underlying shares.
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