Notable Options Trading Movements in Russell 3000 Components
Rhythm Pharmaceuticals, Alcoa, and Perrigo See Significant Activity
Looking at options trading today within the Russell 3000 index, three companies stand out due to their notable activity. Rhythm Pharmaceuticals Inc (Symbol: RYTM) has seen a total of 2,347 contracts traded today, which equals approximately 234,700 underlying shares. This volume represents 69.2% of RYTM’s average daily trading volume of 339,180 shares over the past month. Noteworthy was the trading of the $55 strike call option expiring December 20, 2024, with 1,200 contracts exchanged, equating to about 120,000 underlying shares of RYTM. Below is a chart showing RYTM’s trading history over the past twelve months, with the $55 strike highlighted in orange:
Alcoa Corporation (Symbol: AA) has also experienced significant options trading today, with a total of 37,130 contracts. This figure translates to approximately 3.7 million underlying shares, which is a notable 67.6% of AA’s monthly average of 5.5 million shares. The $40 strike put option set to expire November 15, 2024, saw considerable activity as well, with 3,164 contracts traded, representing roughly 316,400 underlying shares of AA. The chart below displays AA’s trading history from the past twelve months, with the $40 strike highlighted in orange:
Perrigo Company plc (Symbol: PRGO) is another company observing increased trading activity, with 9,741 contracts exchanged today. This volume corresponds to about 974,100 underlying shares, which is 67% of PRGO’s average daily trading volume of 1.5 million shares for the past month. The $25 strike call option expiring November 15, 2024, was particularly active, with 9,056 contracts traded today, reflecting approximately 905,600 underlying shares of PRGO. Below is the chart depicting PRGO’s twelve-month trading history, marked with the $25 strike in orange:
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Today’s Most Active Call & Put Options of the S&P 500 »
Also see:
• WISH Options Chain
• HIRT Options Chain
• XBIO YTD Return
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
