Options Trading Buzz: Highlights from Globant, Rivian, and PENN Entertainment

Key Activity in Options Trading for Russell 3000 Index Companies

Today, the options trading landscape within the Russell 3000 index showcased notable activity, particularly for Globant SA (Symbol: GLOB). A total volume of 3,022 contracts has been traded, which corresponds to approximately 302,200 underlying shares, as each contract represents 100 shares. This volume accounts for 76.6% of GLOB’s average daily trading volume over the past month of 394,300 shares. A significant focus has been on the $190 strike put option expiring on November 15, 2024, where 1,505 contracts have traded, representing around 150,500 shares. The chart below illustrates GLOB’s trading history over the past twelve months, marking the $190 strike in orange:

Next, Rivian Automotive Inc (Symbol: RIVN) experienced a surge in options trading with 177,859 contracts traded today, representing about 17.8 million shares, or 75.7% of RIVN’s average daily volume of 23.5 million shares over the past month. The $11 strike call option set to expire on December 20, 2024, saw particularly high activity with 12,236 contracts traded, equating to approximately 1.2 million underlying shares. Below is the trading history chart for RIVN, highlighting the $11 strike:

Finally, PENN Entertainment Inc (Symbol: PENN) recorded an options trading volume of 18,902 contracts today, translating to approximately 1.9 million underlying shares and about 72.2% of PENN’s average daily volume of 2.6 million shares for the past month. The $22.50 strike call option, also expiring on November 15, 2024, stood out with 4,219 contracts traded, representing roughly 421,900 shares. The following chart depicts PENN’s trading activity over the last twelve months, with the $22.50 strike highlighted:

For a comprehensive list of available options expirations for GLOB, RIVN, or PENN, visit StockOptionsChannel.com.

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