Options trading in General Dynamics Corp. picked up notable pace on Monday morning, with total contracts reaching 2,657 by 11:50 a.m. New York time, according to exchange data compiled by Bloomberg. The surge was overwhelmingly concentrated in call options.
Of the total volume, 2,587 contracts were calls while put activity was minimal at 70 contracts. A single line in the tape stood out: the July 24, 2026 $345 call accounted for 1,195 contracts, and those contracts showed zero open interest at the time of the reporting.
Another significant structure observed in the session was a diagonal spread that paired the July 24, 2026 $345 call with the July 17, 2026 $340 call. That combined position represented 880 contracts in total, split evenly between the two legs. The July 17, 2026 $340 calls within that spread totaled 440 contracts and showed 76 contracts of open interest, while the corresponding 440 July 24, 2026 $345 calls again indicated zero open interest on the report.
On the cash market, the stock was trading at $341.50, a decline of 1.43% from the prior close. The activity reflected a heavy skew toward calls in listed options volume for the session, with specific expirations and strikes concentrating the flow.
Context and market implications
While the data show where trade flow concentrated in the options market, the report contains no attribution of intent behind the activity. The concentration in particular strike-expiration combinations is evident in the print, and the presence of zero open interest on the larger July 24 $345 call prints is a notable technical detail in the tape observed by market participants.
This snapshot is drawn from exchange-level records compiled by Bloomberg and reflects the positions reported through the stated time on Monday.