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Notable Wednesday Option Activity: DM, PEP, HZNP Stock Options Channel Staff - Wednesday, August 30, 3:22 PMLooking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Desktop Metal Inc (DM), where a total volume of 61,151 contracts has been traded thus far today, a contract volume which is representative of approximately 6.1 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 324.4% of DM's average daily trading volume over the past month, of 1.9 million shares. Especially high volume was seen for the $2 strike call option expiring October 20, 2023, with 26,634 contracts trading so far today, representing approximately 2.7 million underlying shares of DM. Below is a chart showing DM's trailing twelve month trading history, with the $2 strike highlighted in orange:
PepsiCo Inc (PEP) options are showing a volume of 76,274 contracts thus far today. That number of contracts represents approximately 7.6 million underlying shares, working out to a sizeable 188.8% of PEP's average daily trading volume over the past month, of 4.0 million shares. Especially high volume was seen for the $165 strike call option expiring September 01, 2023, with 4,960 contracts trading so far today, representing approximately 496,000 underlying shares of PEP. Below is a chart showing PEP's trailing twelve month trading history, with the $165 strike highlighted in orange:
And Horizon Therapeutics plc (HZNP) options are showing a volume of 26,501 contracts thus far today. That number of contracts represents approximately 2.7 million underlying shares, working out to a sizeable 138.9% of HZNP's average daily trading volume over the past month, of 1.9 million shares. Particularly high volume was seen for the $110 strike put option expiring September 01, 2023, with 3,180 contracts trading so far today, representing approximately 318,000 underlying shares of HZNP. Below is a chart showing HZNP's trailing twelve month trading history, with the $110 strike highlighted in orange:
For the various different available expirations for DM options, PEP options, or HZNP options, visit StockOptionsChannel.com.
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