Options Trading Heats Up for Major Companies: JPMorgan, nVent, and PENN Entertainment

Today saw significant options trading activity among key players in the Russell 3000 index, highlighted by JPMorgan Chase & Co., nVent Electric PLC, and PENN Entertainment Inc.

Strong Volume in JPMorgan Chase Options

JPMorgan Chase & Co (Symbol: JPM) recorded notable trading with a total of 47,497 contracts, equivalent to about 4.7 million underlying shares. This represents approximately 59.3% of JPM’s average daily trading volume, which stands at 8.0 million shares over the past month.

A particular surge was noted in the $247.50 strike call option expiring December 13, 2024, where 6,168 contracts traded today, encompassing around 616,800 underlying shares. The chart below illustrates JPM’s trading history over the past year, with the pivotal $247.50 strike highlighted in orange:

nVent Electric Experiences High Options Volume

nVent Electric PLC (Symbol: NVT) also saw considerable activity, with 8,060 contracts traded, representing approximately 806,000 underlying shares. This volume accounts for 55.4% of NVT’s average daily trading volume of 1.5 million shares over the last month.

Within this activity, the $67.50 strike put option expiring January 17, 2025, led the day with 7,767 contracts changing hands, equating to about 776,700 underlying shares. The following chart captures NVT’s trading performance over the previous year, featuring the $67.50 strike highlighted:

PENN Entertainment’s Options Trading Insight

PENN Entertainment Inc (Symbol: PENN) registered options trading of 12,315 contracts, corresponding to around 1.2 million underlying shares, which is approximately 53.2% of PENN’s average daily volume of 2.3 million shares in the past month.

The $22.50 strike call option expiring December 20, 2024, was particularly active, with 3,205 contracts traded, representing about 320,500 underlying shares. Below is the chart showing PENN’s trading history over the past year, with the $22.50 strike highlighted:

For more information on the diverse options expirations available for JPM, NVT, or PENN, please visit StockOptionsChannel.com.

Today’s Most Active Call & Put Options of the S&P 500 »

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