Highlighted Options Trading in Russell 3000: GXO, PENN, and PRCT Take the Lead

GXO Logistics Sees Surge in Call Option Activity

Among the constituents of the Russell 3000 index, GXO Logistics Inc (Symbol: GXO) experienced significant options trading today, with a total of 12,243 contracts exchanged. This volume corresponds to about 1.2 million underlying shares, representing roughly 78.6% of GXO’s average daily trading volume over the past month, which stands at 1.6 million shares. A particularly noteworthy spike occurred with the $65 strike call option set to expire on March 21, 2025, which saw 5,051 contracts trading, equating to about 505,100 underlying shares of GXO. Below is a chart illustrating GXO’s trading history for the past twelve months, featuring the $65 strike highlighted in orange:

PENN Entertainment Experiences Strong Options Volume

In another development, PENN Entertainment Inc (Symbol: PENN) recorded options trading volume of 22,784 contracts, equating to approximately 2.3 million underlying shares. This number reflects about 77.8% of PENN’s average daily trading volume recently, which is 2.9 million shares. The $19 strike call option, due to expire on October 25, 2024, garnered particular interest, with 17,584 contracts traded today, representing close to 1.8 million underlying shares of PENN. Featured below is a chart displaying Penn’s trading history, highlighting the $19 strike:

PROCEPT BioRobotics Shows Notable Options Activity

Additionally, PROCEPT BioRobotics Corp (Symbol: PRCT) noted options trading volume of 5,082 contracts, which corresponds to around 508,200 underlying shares and roughly 76.2% of the average daily trading volume of 666,705 shares over the past month. Specifically, the $70 strike call option expiring on November 15, 2024, displayed a strong performance with 1,795 contracts traded today, representing approximately 179,500 underlying shares. Below is a chart visualizing PRCT’s trading history, with the $70 strike highlighted:

For details on various expiration dates available for options on GXO, PENN, or PRCT, you can visit StockOptionsChannel.com.

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