Significant Options Trading Activity in Albemarle, Perrigo, and AMC
Investors are closely monitoring today’s notable options trading activity among Russell 3000 companies, particularly for Albemarle Corp., Perrigo Company, and AMC Entertainment Holdings Inc.
Albemarle Corp. Sees High Volume in Call Options
In Albemarle Corp. (Symbol: ALB), the options trading volume has reached 17,112 contracts today. This is equivalent to around 1.7 million shares traded, which represents 90.5% of ALB’s average daily trading volume of 1.9 million shares over the past month. A significant portion of this trading is centered around the $115 strike call option expiring on March 21, 2025, with 10,161 contracts traded, equating to approximately 1.0 million underlying shares of ALB. Below is a chart showcasing ALB’s twelve-month trading history, highlighting the $115 strike in orange:
Perrigo Company Options Momentum
Perrigo Company plc (Symbol: PRGO) is also experiencing active options trading, with 12,113 contracts exchanged so far today, representing about 1.2 million underlying shares. This activity constitutes 88.4% of PRGO’s average daily volume of 1.4 million shares over the last month. The $25 strike call option, expiring February 21, 2025, has seen particular interest with 11,537 contracts traded, representing around 1.2 million underlying shares. The chart below illustrates PRGO’s trading activity over the past year, with the $25 strike marked in orange:
AMC Entertainment’s Trading Volume Surges
In AMC Entertainment Holdings Inc. (Symbol: AMC), the options trading volume has surged to 109,859 contracts, equating to about 11.0 million underlying shares. This figure represents approximately 79.2% of AMC’s average daily trading volume of 13.9 million shares over the past month. Notably, the $5 strike call option expiring January 17, 2025, has recorded high trading volume, with 8,552 contracts changing hands, representing around 855,200 underlying shares of AMC. Below is the chart tracking AMC’s trading history for the past year, with the $5 strike highlighted in orange:
For more information on various expiration dates for options on ALB, PRGO, or AMC, 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.