S&P 500 Option Activity Highlights ENPH, GLW, and CMG with High Volume Trades

Enphase Energy (ENPH), Corning (GLW), and Chipotle Mexican Grill (CMG) are experiencing high option trading activity, with Enphase Energy seeing 36,891 contracts traded and Chipotle Mexican Grill seeing 68,075 contracts traded, representing approximately 3.7 million and 6.8 million underlying shares, respectively. The $37 strike call option for Enphase Energy and the $75 strike call option for Corning are particularly active.

Investors have taken notice of the significant option trading activity in Enphase Energy (ENPH), Corning Inc. (GLW), and Chipotle Mexican Grill (CMG). Today, Enphase Energy has seen 36,891 contracts traded, representing approximately 3.7 million underlying shares, which is 47.1% of its average daily trading volume over the past month [1]. The $37 strike call option expiring on September 05, 2025, has been particularly active, with 2,353 contracts traded thus far today.

Corning Inc. has also experienced high option trading activity, with 26,954 contracts traded, equating to approximately 2.7 million underlying shares, which is 46.7% of its average daily trading volume over the past month [1]. The $75 strike call option expiring on October 17, 2025, has been particularly active, with 12,232 contracts traded today.

Chipotle Mexican Grill has seen the highest option trading activity of the three, with 68,075 contracts traded, representing approximately 6.8 million underlying shares, which is 41.3% of its average daily trading volume over the past month [1]. The $37 strike put option expiring on October 24, 2025, has been particularly active, with 15,710 contracts traded today.

The high trading volume in these options suggests that investors are paying close attention to these companies. For Enphase Energy, the unusual trading activity includes 13 unusual trades, with 6 puts and 7 calls, valued at $306,030 and $348,675, respectively [2]. This activity indicates that whales are targeting a price range from $20.0 to $60.0 for Enphase Energy over the last three months.

Chipotle Mexican Grill has seen significant institutional interest, with Federation des caisses Desjardins du Quebec increasing its position by 6.2% during the first quarter, acquiring an additional 9,107 shares [3]. Analyst ratings for Chipotle are mixed, with one analyst rating it as a Strong Buy, twenty as a Buy, and eight as a Hold.

These high option trading volumes and institutional interest highlight the potential for significant price movements in these stocks. Investors should monitor these companies closely for any further developments.

References:
[1] https://www.nasdaq.com/articles/noteworthy-friday-option-activity-enph-glw-cmg
[2] https://www.benzinga.com/insights/options/25/09/47509370/spotlight-on-enphase-energy-analyzing-the-surge-in-options-activity
[3] https://www.marketbeat.com/instant-alerts/filing-chipotle-mexican-grill-inc-cmg-position-increased-by-federation-des-caisses-desjardins-du-quebec-2025-09-04/