Increased Options Trading Volume Highlights Activity at Papa John’s, Madrigal Pharmaceuticals, and McDonald’s

Extensive Trading Activity in Papa John’s Options

Among the Russell 3000 index components, Papa John’s International, Inc. (Symbol: PZZA) experienced significant options trading today. A total of 7,050 contracts traded, which equates to about 705,000 underlying shares. This figure represents approximately 57% of PZZA’s average daily trading volume of 1.2 million shares over the past month. Notably, the $32.50 strike put option, expiring April 17, 2025, accounted for 3,006 of these contracts, translating to around 300,600 underlying shares. The chart below illustrates PZZA’s trading history over the past twelve months, highlighting the $32.50 strike in orange:

Rising Options Volume for Madrigal Pharmaceuticals

Madrigal Pharmaceuticals Inc (Symbol: MDGL) also saw notable options trading with a total of 1,680 contracts, representing about 168,000 underlying shares. This constitutes approximately 53.5% of MDGL’s average daily trading volume of 313,820 shares in the past month. The $310 strike call option, set to expire on January 17, 2025, recorded a high volume of 461 contracts, amounting to roughly 46,100 underlying shares. The following chart shows MDGL’s trading activity for the past year, with the $310 strike highlighted in orange:

McDonald’s Options Trading Surges

McDonald’s Corp (Symbol: MCD) had an impressive options trading volume of 15,442 contracts, equating to approximately 1.5 million underlying shares. This volume represents around 53.1% of MCD’s average daily trading volume of 2.9 million shares over the last month. The $290 strike call option, expiring on January 17, 2025, saw substantial activity with 4,443 contracts traded, representing about 444,300 underlying shares. Below is a chart detailing MCD’s trading history for the past year, with the $290 strike highlighted in orange:

For more details on available expirations for PZZA, MDGL, and MCD options, visit StockOptionsChannel.com.

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