Home Market News Thursday’s Surprising Options Activity: A Look into PTLO, DVN, WDC

Thursday’s Surprising Options Activity: A Look into PTLO, DVN, WDC

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Thursday’s Surprising Options Activity: A Look into PTLO, DVN, WDC

Portillos Inc (PTLO): A Fountain of Options Activity

The stock market can be a tumultuous sea of activity, and today is no exception with Portillos Inc (PTLO). This small-cap darling has caught the attention of many traders, with a remarkable 4,062 contracts traded, equivalent to around 406,200 underlying shares. This surge represents a substantial 42.2% of PTLO’s average daily trading volume over the past month, painting a vivid picture of the investor frenzy surrounding this stock.

Stealing the limelight, the $15 strike call option expiring May 17, 2024, has been at the forefront of today’s trading activity, with a whopping 3,112 contracts exchanging hands so far, equating to approximately 311,200 underlying shares of PTLO. The chart below illustrates PTLO’s trading history, proudly highlighting the $15 strike in a vibrant shade of orange:

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Devon Energy Corp. (DVN): Drilling Deep into Options

Diving into the options market, Devon Energy Corp. (DVN) is making waves with a considerable 33,266 contracts traded thus far today. This figure paints a vivid picture, representing about 3.3 million underlying shares, a meaty 42% of DVN’s average daily trading volume over the past month.


Actively sought after today is the $50 strike call option expiring April 05, 2024, with 4,727 contracts in play, reflecting around 472,700 underlying shares of DVN. Feast your eyes on DVN’s trading trajectory below, with the $50 strike shining brightly in orange:

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Western Digital Corp (WDC): A Digital Gold Rush of Options

Venturing into the digital frontier, Western Digital Corp (WDC) options are on fire today with 29,257 contracts traded, equivalent to approximately 2.9 million underlying shares. This surge accounts for a significant 41.8% of WDC’s average daily trading volume over the past month.

In the spotlight is the $70 strike call option expiring March 28, 2024, witnessing a staggering 16,355 contracts traded today, reflecting around 1.6 million underlying shares of WDC. Behold below a visual representation of WDC’s trading saga, with the $70 strike gleaming in a radiant shade of orange:

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Feeling intrigued about the plethora of expirations for PTLO, DVN, or WDC options? Venture into the realm of StockOptionsChannel.com for more.

Curious about today’s most active call & put options of the S&P 500? Tap in!

Also, Let’s Not Forget:

• GEVO Insider Buying
• Funds Holding BTZ
• Institutional Holders of QSY

A glimpse into today’s financial whirlpool, where insight meets opportunity – the views and opinions expressed herein are your guide in the tempest and do not necessarily mirror the overarching wisdom of Nasdaq, Inc.