Increased Options Activity in Russell 3000 Components Today

Today, options trading among the Russell 3000 index components has revealed significant activity, particularly in Tiptree Inc (Symbol: TIPT). By midday, the total volume for TIPT’s options reached 1,088 contracts, equating to approximately 108,800 underlying shares, given that each contract corresponds to 100 shares. This volume represents about 80% of TIPT’s average daily trading volume for the previous month, which stands at 136,070 shares. A notable focus was placed on the $25 strike call option expiring on April 17, 2025, which saw 1,026 contracts trading, or roughly 102,600 underlying shares for TIPT. The accompanying chart illustrates TIPT’s trailing twelve-month trading history, with the $25 strike clearly marked in orange:

Dollar General Corp (Symbol: DG) is also witnessing a surge in options trading activity, with 26,113 contracts traded today. This volume translates to around 2.6 million underlying shares, representing 78.1% of DG’s average daily trading volume for the past month of 3.3 million shares. The $65 strike put option expiring on January 16, 2026, has attracted particular interest, with 3,001 contracts changing hands, equivalent to approximately 300,100 underlying shares of DG. Below is a chart depicting DG’s trailing twelve-month trading history, highlighting the $65 strike in orange:

PENN Entertainment Inc (Symbol: PENN) demonstrates a similar trend with options trading today, recording 30,780 contracts. This figure means approximately 3.1 million underlying shares have traded, making up 75% of PENN’s average daily trading volume of 4.1 million shares over the last month. A particularly high volume of activity was observed for the $27.50 strike call option expiring on July 18, 2025, with 7,007 contracts traded, representing about 700,700 underlying shares of PENN. The chart below illustrates PENN’s trailing twelve-month trading history, with the $27.50 strike highlighted in orange:

For more detailed information on various expirations for TIPT, DG, or PENN options, please visit StockOptionsChannel.com.

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

also see:

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• Institutional Holders of SFK

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