Xylem options activity surges with record call volume ahead of September expiration

Xylem Inc experienced a significant surge in options trading volume, hitting 24,480 contracts by 10:50 a.m. on a particular day. The majority of this activity consisted of call options, outnumbering put options nearly 4-to-1. This bullish momentum was particularly evident on September 18 calls at $115, $120, and $130 strike prices, where combined volume reached 19,200 contracts.

Open interest was already substantial at these strike prices, with $120 and $130 calls attracting thousands of contracts. In stark contrast, put options saw only 5,232 contracts traded, with a solitary October $100 put accounting for 4,800 contracts (open interest: 32). This indicates that major players are betting on a potential upward movement or at least hedging against a sharp bounce in Xylem's stock price before the September expiration.