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Noteworthy Tuesday Option Activity: FFWM, WMS, PENN Stock Options Channel Staff - Tuesday, March 19, 3:28 PMLooking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in First Foundation Inc (FFWM), where a total volume of 3,029 contracts has been traded thus far today, a contract volume which is representative of approximately 302,900 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 67.4% of FFWM's average daily trading volume over the past month, of 449,655 shares. Particularly high volume was seen for the $2.50 strike put option expiring July 19, 2024, with 1,568 contracts trading so far today, representing approximately 156,800 underlying shares of FFWM. Below is a chart showing FFWM's trailing twelve month trading history, with the $2.50 strike highlighted in orange:
Advanced Drainage Systems Inc (WMS) options are showing a volume of 3,052 contracts thus far today. That number of contracts represents approximately 305,200 underlying shares, working out to a sizeable 65.6% of WMS's average daily trading volume over the past month, of 465,335 shares. Especially high volume was seen for the $195 strike call option expiring September 20, 2024, with 1,010 contracts trading so far today, representing approximately 101,000 underlying shares of WMS. Below is a chart showing WMS's trailing twelve month trading history, with the $195 strike highlighted in orange:
And PENN Entertainment Inc (PENN) saw options trading volume of 37,150 contracts, representing approximately 3.7 million underlying shares or approximately 63.5% of PENN's average daily trading volume over the past month, of 5.8 million shares. Especially high volume was seen for the $19 strike call option expiring March 22, 2024, with 8,097 contracts trading so far today, representing approximately 809,700 underlying shares of PENN. Below is a chart showing PENN's trailing twelve month trading history, with the $19 strike highlighted in orange:
For the various different available expirations for FFWM options, WMS options, or PENN options, visit StockOptionsChannel.com.
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