Options Trading Activity Highlights Key Players in the Russell 3000

Today, notable options trading activity has emerged among companies in the Russell 3000 index, particularly at PENN Entertainment Inc., ABM Industries, and CarMax Inc. These trades reflect significant interest and potential shifts in investor sentiment.

PENN Entertainment Inc. (Symbol: PENN) Attracts Attention

PENN Entertainment Inc. is seeing significant options trading, with a total of 13,655 contracts exchanged today. This volume translates to about 1.4 million underlying shares, which represents 46.7% of PENN’s average daily trading volume of 2.9 million shares over the past month. A standout figure was the $17.50 strike put option set to expire on January 17, 2025, where 5,045 contracts have traded. This equates to roughly 504,500 underlying shares. Below is a chart that illustrates PENN’s trading history over the past twelve months, with the $17.50 strike highlighted in orange:

ABM Industries, Inc. (Symbol: ABM) Shows Increased Activity

ABM Industries has reported an options trading volume of 1,297 contracts, amounting to approximately 129,700 underlying shares. This figure represents about 46.6% of ABM’s average daily trading volume of 278,390 shares over the last month. The $55 strike call option, expiring on January 17, 2025, generated notable interest with 399 contracts traded today, representing around 39,900 underlying shares. Here is a chart depicting ABM’s twelve-month trading history, with the $55 strike in orange:

CarMax Inc. (Symbol: KMX) Trades Show Prominence

CarMax Inc. experienced an upswing in options trading with 9,826 contracts changing hands. This figure is equivalent to approximately 982,600 underlying shares, accounting for about 46.3% of KMX’s average daily trading volume of 2.1 million shares over the previous month. Among today’s trading highlights, the $87.50 strike call option, expiring on December 20, 2024, saw 1,616 contracts traded, representing about 161,600 underlying shares. Below is a chart displaying KMX’s trading history from the past twelve months, with the $87.50 strike emphasized:

For details on various expirations for options regarding PENN, ABM, or KMX, visit StockOptionsChannel.com.

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