Options Trading Sees Strong Activity in Lowe’s, Dave & Busters, and Mercury General
Today’s trading in options among companies listed in the Russell 3000 index has highlighted some significant movements.
Lowe’s Companies Inc (LOW) Experiences High Options Volume
Lowe’s Companies Inc (Symbol: LOW) has attracted notable attention in the options market today, with a trading volume of 13,419 contracts. This volume translates to roughly 1.3 million underlying shares, as one contract corresponds to 100 shares. This activity represents 55.7% of LOW’s average daily trading volume for the past month, which stands at 2.4 million shares. A particularly busy segment has been the $272.50 strike call option set to expire on January 24, 2025, where 1,716 contracts have changed hands, covering about 171,600 underlying shares. The following chart illustrates LOW’s trading history over the last twelve months, highlighting the $272.50 strike in orange:
Dave & Busters Entertainment Inc (PLAY) Shows Robust Trading Activity
Dave & Busters Entertainment Inc (Symbol: PLAY) has also reported significant options trading, recording 10,311 contracts for today. This volume signifies approximately 1.0 million underlying shares, accounting for 55.5% of the company’s average daily trading volume of 1.9 million shares over the past month. The $27 strike call option, which expires on February 21, 2025, is particularly active, with 2,672 contracts traded, representing about 267,200 underlying shares. Below, you can see the chart that presents PLAY’s twelve-month trading history, with the $27 strike marked in orange:
Mercury General Corp. (MCY) Sees Steady Options Trading Volume
Meanwhile, Mercury General Corp. (Symbol: MCY) has observed a total options trading volume of 4,321 contracts today. This represents approximately 432,100 underlying shares or 54.8% of MCY’s average daily trading volume for the past month, which is 787,910 shares. The $40 strike put option, also set to expire on February 21, 2025, has garnered attention with 2,274 contracts traded, equating to about 227,400 underlying shares. The following chart displays MCY’s trading history for the last twelve months, with the $40 strike highlighted:
For additional details on available expiration dates for options related to LOW, PLAY, or MCY, please visit StockOptionsChannel.com.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
