Notable Tuesday Option Activity: PANW, CBL, VKTX
Stock Options Channel Staff - Tuesday, February 27, 4:28 PMAmong the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Palo Alto Networks, Inc (PANW), where a total of 414,451 contracts have traded so far, representing approximately 41.4 million underlying shares. That amounts to about 516.6% of PANW's average daily trading volume over the past month of 8.0 million shares. Particularly high volume was seen for the $320 strike call option expiring March 01, 2024, with 16,868 contracts trading so far today, representing approximately 1.7 million underlying shares of PANW. Below is a chart showing PANW's trailing twelve month trading history, with the $320 strike highlighted in orange:
CBL & Associates Properties Inc (CBL) saw options trading volume of 6,121 contracts, representing approximately 612,100 underlying shares or approximately 414.3% of CBL's average daily trading volume over the past month, of 147,750 shares.
Especially high volume was seen for the $29 strike call option expiring July 19, 2024, with 3,011 contracts trading so far today, representing approximately 301,100 underlying shares of CBL. Below is a chart showing CBL's trailing twelve month trading history, with the $29 strike highlighted in orange:
And Viking Therapeutics Inc (VKTX) options are showing a volume of 79,623 contracts thus far today. That number of contracts represents approximately 8.0 million underlying shares, working out to a sizeable 203.7% of VKTX's average daily trading volume over the past month, of 3.9 million shares.
Particularly high volume was seen for the $49 strike put option expiring March 01, 2024, with 9,882 contracts trading so far today, representing approximately 988,200 underlying shares of VKTX. Below is a chart showing VKTX's trailing twelve month trading history, with the $49 strike highlighted in orange:
For the various different available expirations for PANW options, CBL options, or VKTX options, visit StockOptionsChannel.com.