Significant Options Trading Activity Observed in Key Companies
A Closer Look at Palo Alto Networks, Biohaven, and Jack in the Box
Today, the options trading activity in the Russell 3000 index has stood out, particularly with Palo Alto Networks, Inc. (Symbol: PANW). Up to this point, 28,329 contracts have changed hands, representing roughly 2.8 million underlying shares. This volume accounts for an impressive 145.8% of PANW’s average daily trading volume of 1.9 million shares over the past month. Significant activity has been noted for the $280 strike put option expiring January 17, 2025, with 1,351 contracts trading, equal to about 135,100 underlying shares of PANW. Below is a chart displaying PANW’s trading history over the last twelve months, highlighting the $280 strike in orange:
Meanwhile, Biohaven Ltd (Symbol: BHVN) has experienced options trading volume of 9,202 contracts, which means approximately 920,200 underlying shares have been traded. This figure corresponds to 133.4% of BHVN’s average daily trading volume of 689,735 shares in the previous month. The $50 strike put option expiring December 20, 2024, particularly stands out, with 1,556 contracts traded, translating to about 155,600 underlying shares. The chart below illustrates BHVN’s trading history over the past twelve months, with the $50 strike highlighted:
Jack in the Box, Inc. (Symbol: JACK) has also seen noteworthy options trading today, with 6,364 contracts, amounting to around 636,400 underlying shares. This trading volume represents 130.6% of JACK’s average daily trading volume of 487,445 shares from the last month. A notable bump came from the $45 strike put option expiring December 20, 2024, where 2,002 contracts were traded, equating to roughly 200,200 underlying shares. The following chart provides a view of JACK’s trading history, featuring the $45 strike in orange:
For further details on the available options for PANW, BHVN, or JACK, head over to StockOptionsChannel.com.
Today’s Most Active Call & Put Options of the S&P 500 »
Additional Information:
- TOWR Options Chain
- ETFs Holding NERV
- Funds Holding CTRU
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
