Surge in Options Trading: Palo Alto Networks and Target Hospitality Lead the Way

Investors are actively trading options across Russell 3000 index components today, with notable movements in Palo Alto Networks, Inc. (Symbol: PANW).

Palo Alto Networks Sees Significant Options Activity

Palo Alto Networks, Inc. has experienced a total trading volume of 11,193 contracts today, equating to approximately 1.1 million underlying shares, as one contract represents 100 shares. This volume amounts to 50.1% of PANW’s average daily trading volume over the past month, which is 2.2 million shares. A highlight includes the $330 strike put option expiring November 01, 2024, with 702 contracts traded today, or about 70,200 underlying shares. Below is a chart illustrating PANW’s trading history for the past year, with the $330 strike marked in orange:

Target Hospitality Corp Shows Prominent Trading Volume

Target Hospitality Corp (Symbol: TH) has reported options trading volume of 1,401 contracts today, equivalent to approximately 140,100 underlying shares. This volume represents 49.7% of TH’s average daily trading volume over the past month, which stands at 281,715 shares. A significant volume was noted for the $7 strike put option expiring November 15, 2024, where 1,000 contracts have already traded, correlating to roughly 100,000 underlying shares. The chart below depicts TH’s trading history for the past twelve months, with the $7 strike highlighted in orange:

Boyd Gaming Corp Experiences Steady Options Trading

Boyd Gaming Corp. (Symbol: BYD) has recorded options trading volume of 3,714 contracts today, representing approximately 371,400 underlying shares, or 49.3% of BYD’s average daily trading volume over the past month of 753,595 shares. Noteworthy is the $72.50 strike call option expiring November 15, 2024, which has seen 1,547 contracts traded, translating to around 154,700 underlying shares. Below is a chart that reveals BYD’s trading history over the last year, emphasizing the $72.50 strike:

Explore More Interactions in Options Trading

To investigate the various available options for PANW, TH, or BYD, visit StockOptionsChannel.com.

Today’s Most Active Call & Put Options of the S&P 500 »

Also see:

• Top Stocks Held By Leon Cooperman
• Top Ten Hedge Funds Holding BMVP
• TSC Stock Predictions

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.