Significant Midweek Options Activity: PZZA, TBCH, METC

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Notable options trading activity was observed on October 5, 2023, among companies in the Russell 3000 index. Papa John’s International, Inc. (Symbol: PZZA) reported trading of 9,241 options contracts, equivalent to approximately 924,100 shares, which is around 89.9% of its average daily volume of 1.0 million shares. The $40 strike call option, expiring on June 18, 2026, saw a significant volume of 1,955 contracts, representing about 195,500 shares.

Turtle Beach Corp (Symbol: TBCH) experienced a similar trend, with 3,218 options contracts traded, representing approximately 321,800 underlying shares, or 84.7% of TBCH’s average daily trading volume of 380,060 shares. The $10 strike call option, also expiring on June 18, 2026, had a high volume of 1,545 contracts, equating to around 154,500 shares.

Ramaco Resources Inc (Symbol: METC) noted 12,048 contracts traded, amounting to about 1.2 million shares, which is 83.2% of its average daily trading volume of 1.4 million shares. The $16 strike call option expiring on July 17, 2026, recorded particularly high activity with 10,537 contracts traded, representing approximately 1.1 million shares.

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