Unusual Call Option Activity Detected in Amgen and Domino's Pizza

Traders have shown increased interest in call options for Amgen Inc. and Domino's Pizza Inc., signaling potential bullish sentiment for the two S&P 500 components. This surge in options activity often indicates that institutional or sophisticated traders are positioning for an upward move in the underlying stock price before specific expiration dates. Amgen (AMGN) saw 14,101 contracts traded, equivalent to roughly 1.4 million shares. This volume represents approximately 57.6% of the stock's average daily trading volume over the last month. Specifically, the $295 strike call expiring June 18, 2026, was highly active with 3,345 contracts traded. Similarly, Domino's Pizza (DPZ) experienced volume of 4,453 contracts, or 445,300 underlying shares. This accounts for about 54.5% of its monthly average daily volume. The most notable activity occurred at the $390 strike call expiring May 15, 2026, with 754 contracts traded. While options flow provides a glimpse into trader sentiment, such activity is speculative and does not guarantee price movement. However, the concentration in specific strike prices suggests targeted expectations for these equities in the coming weeks and months.