Noteworthy Wednesday Option Activity: PLCE, ITRI, ALGT
Stock Options Channel Staff - Wednesday, June 7, 3:23 PMAmong the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Children's Place Inc (PLCE), where a total of 10,278 contracts have traded so far, representing approximately 1.0 million underlying shares. That amounts to about 99% of PLCE's average daily trading volume over the past month of 1.0 million shares. Especially high volume was seen for the $12.50 strike put option expiring July 21, 2023, with 3,503 contracts trading so far today, representing approximately 350,300 underlying shares of PLCE. Below is a chart showing PLCE's trailing twelve month trading history, with the $12.50 strike highlighted in orange:
Itron Inc (ITRI) options are showing a volume of 3,009 contracts thus far today. That number of contracts represents approximately 300,900 underlying shares, working out to a sizeable 98.8% of ITRI's average daily trading volume over the past month, of 304,545 shares.
Especially high volume was seen for the $75 strike call option expiring December 15, 2023, with 1,000 contracts trading so far today, representing approximately 100,000 underlying shares of ITRI. Below is a chart showing ITRI's trailing twelve month trading history, with the $75 strike highlighted in orange:
And Allegiant Travel Company (ALGT) saw options trading volume of 1,584 contracts, representing approximately 158,400 underlying shares or approximately 95.1% of ALGT's average daily trading volume over the past month, of 166,485 shares.
Especially high volume was seen for the $65 strike put option expiring July 21, 2023, with 715 contracts trading so far today, representing approximately 71,500 underlying shares of ALGT. Below is a chart showing ALGT's trailing twelve month trading history, with the $65 strike highlighted in orange:
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