Surge in Options Trading for SoundHound, Delta, and PENN Entertainment

Among the underlying components of the Russell 3000 index, today’s options trading volume has spiked notably. SoundHound AI Inc (Symbol: SOUN) has exchanged a total of 92,756 contracts, which corresponds to around 9.3 million underlying shares. This trading volume represents approximately 44.7% of SOUN’s average daily trading volume over the past month, calculated at 20.7 million shares. High interest was notably focused on the $10 strike call option expiring May 09, 2025, where 10,448 contracts have been traded, equating to roughly 1.0 million underlying shares of SOUN.

Below is a chart illustrating SOUN’s trailing twelve-month trading history, with the $10 strike highlighted in orange:

Delta Air Lines Inc (Symbol: DAL) also reported significant options trading today, with a total of 50,320 contracts exchanged. This represents approximately 5.0 million underlying shares, roughly 44.4% of DAL’s average daily trading volume over the past month of 11.3 million shares. The $50 strike call option expiring June 20, 2025, saw particularly high activity, with 5,446 contracts trading, representing about 544,600 underlying shares of DAL.

Below is a chart displaying DAL’s trailing twelve-month trading history, with the $50 strike highlighted in orange:

PENN Entertainment Inc (Symbol: PENN) recorded options trading volume of 16,769 contracts today, translating to approximately 1.7 million underlying shares. This amount equates to 43.6% of PENN’s average daily trading volume over the past month, which is 3.8 million shares. Investors showed particular interest in the $15.50 strike call option expiring May 09, 2025, with 11,771 contracts exchanged, representing roughly 1.2 million underlying shares of PENN.

Below is a chart reflecting PENN’s trailing twelve-month trading history, with the $15.50 strike highlighted in orange:

For a detailed look at various expirations for SOUN, DAL, or PENN 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.