Notable Wednesday Option Activity: AMZN, COST, BA

Costco (COST) and Boeing (BA) are experiencing exceptionally high options trading volumes today, with COST's options volume at 150.7% and BA's at 147.2% of their respective average daily stock trading volumes. This elevated activity is notably concentrated in long-dated call options, specifically the September 2025 $1000 strike for COST and the $220 strike for BA, indicating significant bullish sentiment or strategic positioning targeting these price levels over the medium term.

Analysis

Costco (COST) and Boeing (BA) are exhibiting unusually high options market activity, indicating significant investor interest. Costco's options volume reached 150.7% of its average daily share volume, representing approximately 3.3 million underlying shares. Similarly, Boeing's options volume was 147.2% of its average, equivalent to about 10.4 million shares. The activity is not diffuse; it is notably concentrated in long-dated call options. For Costco, there is a pronounced focus on the $1000 strike call expiring in September 2025, while for Boeing, significant volume is centered on the $220 strike call with the same expiration date. This concentration in out-of-the-money, long-term calls suggests a strategic, bullish positioning by some market participants, who are betting on substantial price appreciation for both companies over the medium-term horizon.

Key Decisions for Investors

• The significant volume in long-dated call options for both Costco and Boeing serves as a bullish indicator from the derivatives market, suggesting investors should re-evaluate the medium-term upside potential for both stocks.