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21 February
Noteworthy Wednesday Option Activity: KHC, FSS, TBI

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Kraft Heinz Co (Symbol: KHC), where a total volume of 41,264 contracts has been traded thus far today, a contract volume which is representative of approximately 4.1 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 45.8% of KHC's average daily trading volume over the past month, of 9.0 million shares. Particularly high volume was seen for the $36 strike call option expiring February 23, 2024, with 10,775 contracts trading so far today, representing approximately 1.1 million underlying shares of KHC. Below is a chart showing KHC's trailing twelve month trading history, with the $36 strike highlighted in orange:

Federal Signal Corp. (Symbol: FSS) saw options trading volume of 1,462 contracts, representing approximately 146,200 underlying shares or approximately 45.3% of FSS's average daily trading volume over the past month, of 322,575 shares. Particularly high volume was seen for the $80 strike call option expiring March 15, 2024, with 1,397 contracts trading so far today, representing approximately 139,700 underlying shares of FSS. Below is a chart showing FSS's trailing twelve month trading history, with the $80 strike highlighted in orange:

And TrueBlue Inc (Symbol: TBI) options are showing a volume of 880 contracts thus far today. That number of contracts represents approximately 88,000 underlying shares, working out to a sizeable 45.3% of TBI's average daily trading volume over the past month, of 194,195 shares. Particularly high volume was seen for the $12.50 strike put option expiring March 15, 2024, with 806 contracts trading so far today, representing approximately 80,600 underlying shares of TBI. Below is a chart showing TBI's trailing twelve month trading history, with the $12.50 strike highlighted in orange:

For the various different available expirations for KHC options, FSS options, or TBI options, visit StockOptionsChannel.com.

Also see:

Nelson Peltz Stock Picks
Institutional Holders of NECB
Institutional Holders of SPH

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.