Amidst the ever-changing flurry of the stock market, certain anomalies catch the eye – much like an unexpected contestant in a high-stakes game. Today, three companies have emerged as the focal point of the trading world, experiencing an inexplicable surge in options activity. The spotlight shines on PENN Entertainment Inc (Symbol: PENN), Apollo Global Management Inc (Symbol: APO), and Huntsman Corp (Symbol: HUN). Let’s delve deeper into this whirlwind of option trading frenzy and see what’s causing it.

Impressive Options Activity for PENN Entertainment Inc

Today, PENN Entertainment Inc has seen a total volume of 59,374 contracts traded, equating to approximately 5.9 million underlying shares. This figure dwarfs PENN’s average daily trading volume over the past month. Notably, the $23 strike call option expiring in February 2024 has garnered immense interest with 7,382 contracts traded so far. The options world seems to have set its sights on PENN, and the trading charts reflect this fervor.

Rising Options Surge for Apollo Global Management Inc

Apollo Global Management Inc (Symbol: APO) is not far behind, witnessing a volume of 31,728 contracts traded today, representing approximately 3.2 million underlying shares. The $100 strike call option expiring in February 2024 is the star of the show, with 3,080 contracts traded so far. The trading history charts for APO are certainly abuzz with this newfound activity.

Huntsman Corp Joins the Fray

Huntsman Corp (Symbol: HUN) has also found itself in the thick of the action, with options trading volume reaching 22,370 contracts. This volume represents approximately 2.2 million underlying shares – a significant leap from HUN’s average daily trading volume over the past month. The $22 strike put option expiring in March 2024 has garnered immense interest, with 22,315 contracts traded. The trading history charts are ablaze with this unexpected surge in activity for HUN.

For more information on the various available expirations for PENN options, APO options, or HUN options, visit StockOptionsChannel.com.

Also see:

• Dividend Alerts
• MUE Insider Buying
• LQDI Options Chain

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