Amgen, Arvinas, and PennyMac See Increased Options Trading Activity

In today’s trading session, several companies within the Russell 3000 index exhibited significant options trading volumes. Notably, Amgen Inc (Symbol: AMGN) has experienced remarkable activity, with a total of 15,526 contracts traded. This level of activity translates to about 1.6 million underlying shares, given that each contract corresponds to 100 shares. This volume represents approximately 58.6% of AMGN’s average daily trading volume of 2.6 million shares over the past month.

A particularly prominent feature of today’s trading is the $300 strike call option set to expire on November 22, 2024. So far, 4,467 contracts have changed hands, indicating approximately 446,700 underlying shares. The chart below displays AMGN’s trailing twelve month trading history, highlighting the $300 strike in orange:

Another company, Arvinas Inc (Symbol: ARVN), also made headlines with its options trading activity reaching 4,038 contracts, amounting to around 403,800 underlying shares. This figure represents approximately 56.8% of ARVN’s average daily trading volume of 711,005 shares over the past month. The $15 strike put option expiring January 17, 2025, stood out today, with 1,002 contracts traded, indicating about 100,200 underlying shares. The chart below captures ARVN’s twelve month trading history, with the $15 strike highlighted:

PennyMac Financial Services Inc (Symbol: PFSI) also reported robust trading activity, with 1,731 contracts traded. This amounts to approximately 173,100 underlying shares, representing around 56.3% of PFSI’s average daily trading volume of 307,590 shares over the past month. The $115 strike call option, expiring February 21, 2025, attracted notable interest, with 1,066 contracts traded today, accounting for about 106,600 underlying shares. Below is a chart illustrating PFSI’s trading history over the past twelve months, featuring the $115 strike in orange:

For detailed information on different expirations available for AMGN, ARVN, or PFSI options, please visit StockOptionsChannel.com.

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