Options activity in Check Point Software Technologies Ltd. accelerated sharply on Wednesday, with exchange data showing 6,097 contracts traded by 2:30 p.m. New York time.
The surge was driven almost entirely by calls. Call volume reached 5,915 contracts during the same period - the highest daily call tally since July 9, 2021 - while put volume totaled 182 contracts.
Three individual call series accounted for a large portion of the days activity. The August 21, 2026 $140 call represented 2,956 contracts, with an open interest figure of 3 contracts. The July 17, 2026 $140 call accounted for 1,345 contracts against an open interest of 2,422 contracts. The July 17, 2026 $145 call made up 1,028 contracts and had open interest of 196 contracts.
On the equity side, Check Point Software shares climbed 3.69% on Wednesday to trade at $136.28.
Measures of implied risk moved modestly lower. The companys three-month volatility declined by 0.31 percentage points to 43.62%. The three-month 90/110 skew also fell, dropping 1.69 percentage points to 1.84 percentage points.
Open interest figures are reported as of June 30 except where otherwise noted.
Summary
By mid-afternoon Wednesday, total options trading in Check Point had reached 6,097 contracts, with calls overwhelmingly dominating volume. A small number of single option series - notably the August 21, 2026 $140 and the July 17, 2026 $140 and $145 calls - accounted for the majority of contracts traded. The underlying equity rose more than 3.5% on the day, and short-term implied volatility and skew eased modestly.
Key points
- Options contracts totaled 6,097 by 2:30 p.m. New York time on Wednesday, based on exchange data.
- Call volume was 5,915 contracts - the highest since July 9, 2021 - while put volume was 182 contracts.
- Notable option series: Aug. 21, 2026 $140 call (2,956 contracts, open interest 3); July 17, 2026 $140 call (1,345 contracts, open interest 2,422); July 17, 2026 $145 call (1,028 contracts, open interest 196). The underlying stock traded at $136.28, up 3.69%.
Risks and uncertainties
- Open interest figures are reported as of June 30 except where otherwise noted - positions may have changed after that date.
- The exchange data cited reflect activity through 2:30 p.m. New York time on Wednesday; later trading sessions could show different volume patterns.
- The reported declines in three-month volatility (down 0.31 percentage points to 43.62%) and the 90/110 skew (down 1.69 percentage points to 1.84 percentage points) describe a snapshot that can change as new option and equity trades occur.
Data in this report are drawn from exchange records and the open interest timestamps noted above.