Increased Options Activity Observed in Russell 3000 Stocks

Today’s options trading activity highlights notable actions among components of the Russell 3000 index, particularly with PENN Entertainment Inc (Symbol: PENN). A total of 33,001 contracts have exchanged hands today, translating to approximately 3.3 million underlying shares, since each contract represents 100 shares. This volume accounts for 85.7% of PENN’s average daily trading volume of 3.9 million shares over the past month. The $17.50 strike call option expiring June 20, 2025, has seen particularly high interest, with 11,497 contracts traded today, representing roughly 1.1 million underlying shares. Below is a chart showcasing PENN’s trailing twelve months of trading history, with the $17.50 strike highlighted in orange:

Fabrinet (Symbol: FN) has also experienced significant options trading today, with a volume of 7,251 contracts. This volume represents around 725,100 underlying shares, equating to 78.4% of FN’s average daily trading volume of 925,335 shares for the past month. The $175 strike put option expiring on April 17, 2025, has gained attention with 3,526 contracts traded, representing approximately 352,600 underlying shares. Below is the chart reflecting FN’s trading history, with the $175 strike noted in orange:

In addition, Qualcomm Inc (Symbol: QCOM) has witnessed robust options activity, with 54,490 contracts traded so far today, equivalent to about 5.4 million underlying shares. This figure represents 78.4% of QCOM’s average daily trading volume of 6.9 million shares over the last month. The $170 strike put option expiring April 17, 2025, has notably generated interest, with 2,641 contracts traded today, connecting to approximately 264,100 underlying shares. Below is a chart of QCOM’s trailing twelve months of trading history, featuring the $170 strike highlighted in orange:

For details on various expirations available for options on PENN, FN, or QCOM, visit StockOptionsChannel.com.

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