S&P 500 Options Activity: GM, AXON, ALB

Noteworthy option activity was seen in General Motors Co (GM), Axon Enterprise Inc (AXON), and Albemarle Corp (ALB) on Wednesday. GM saw 40,767 contracts traded, representing 4.1 million shares, with high volume for the $62.50 strike call option expiring November 21, 2025. AXON had 2,837 contracts traded, with high volume for the $740 strike call option expiring October 17, 2025. ALB saw 15,712 contracts traded, with high volume for the $85 strike call option expiring October 17, 2025.

Noteworthy option activity was seen in General Motors Co (GM), Axon Enterprise Inc (AXON), and Albemarle Corp (ALB) on Wednesday. GM saw 40,767 contracts traded, representing 4.1 million shares, with high volume for the $62.50 strike call option expiring November 21, 2025. AXON had 2,837 contracts traded, with high volume for the $740 strike call option expiring October 17, 2025. ALB saw 15,712 contracts traded, with high volume for the $85 strike call option expiring October 17, 2025.

General Motors Co (GM):
GM's stock experienced significant option activity, with 40,767 contracts traded, representing 4.1 million shares. The high volume was driven by the $62.50 strike call option expiring on November 21, 2025. This activity coincides with the company's recent decision to increase its stock dividend by 3 cents to 15 cents per share, reflecting a strong balance sheet and confidence in its business plan General Motors board approves higher stock dividend^[1].

Axon Enterprise Inc (AXON):
AXON saw 2,837 contracts traded, with high volume for the $740 strike call option expiring on October 17, 2025. This activity follows the company's acquisition of Prepared, an AI-powered emergency communications system. The acquisition expands AXON's capabilities into 911 call analytics and is expected to close in early Q4. Analysts have shown confidence in AXON's growth potential, with TD Cowen, BofA Securities, and Craig-Hallum upgrading the stock to Buy Needham reiterates Buy rating on Axon Enterprise stock, citing Prepared acquisition^[2].

Albemarle Corp (ALB):
ALB saw 15,712 contracts traded, with high volume for the $85 strike call option expiring on October 17, 2025. The stock surged following reports that the U.S. government is considering acquiring a substantial stake in Lithium Americas (NYSE: LAC). This development signals a potential turning point for the lithium mining sector, offering a renewed sense of confidence for investors and stakeholders Albemarle (ALB) Surges as U.S. Government Eyes Strategic Lithium Stake, Igniting Sector Optimism^[3].