Significant Options Trading Activity in Costco, Autodesk, and PENN Entertainment

Recent options trading activity among Russell 3000 index constituents highlights significant movements today in several prominent companies. One standout is Costco Wholesale Corp (Symbol: COST), which has recorded a total of 21,817 contracts traded. This volume corresponds to approximately 2.2 million underlying shares, as each contract typically represents 100 shares. Notably, this trading volume represents 117.4% of COST’s average daily trading volume over the past month, which is 1.9 million shares.

High activity was specifically noted for the $1000 strike put option expiring February 28, 2025. So far today, 903 contracts have traded, equivalent to roughly 90,300 underlying shares. Below is a chart displaying COST’s trailing twelve-month trading history, with the $1000 strike highlighted in orange:

An analysis of Autodesk Inc (Symbol: ADSK) reveals that it has seen an options trading volume of 16,029 contracts, representing around 1.6 million underlying shares. This amount translates to about 113.4% of ADSK’s average daily trading volume of 1.4 million shares over the past month.

Today’s volume spotlight includes the $320 strike call option expiring February 28, 2025, with 1,916 contracts traded so far, corresponding to approximately 191,600 underlying shares of ADSK. Below is a chart showing ADSK’s trailing twelve-month trading history, with the $320 strike noted in orange:

PENN Entertainment Inc (Symbol: PENN) has also displayed notable options trading activity, featuring 40,433 contracts traded. This volume represents approximately 4.0 million underlying shares, which is 109.6% of PENN’s average daily trading volume of 3.7 million shares over the last month.

Additionally, high volume was identified for the $21 strike call option expiring April 17, 2025, with 10,307 contracts traded to date, representing about 1.0 million underlying shares of PENN. Below is a chart depicting PENN’s trailing twelve-month trading history, with the $21 strike emphasized in orange:

For details on various expirations available for options on COST, ADSK, or PENN, visit StockOptionsChannel.com.

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

also see:

• Top Ten Hedge Funds Holding RCG
• Top Ten Hedge Funds Holding BPMX
• Top Ten Hedge Funds Holding SSPX

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