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23 April
Noteworthy Tuesday Option Activity: PCRX, CMG, CVNA

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Pacira BioSciences Inc (Symbol: PCRX), where a total of 7,709 contracts have traded so far, representing approximately 770,900 underlying shares. That amounts to about 169.5% of PCRX's average daily trading volume over the past month of 454,905 shares. Particularly high volume was seen for the $20 strike put option expiring August 16, 2024, with 3,840 contracts trading so far today, representing approximately 384,000 underlying shares of PCRX. Below is a chart showing PCRX's trailing twelve month trading history, with the $20 strike highlighted in orange:

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Chipotle Mexican Grill Inc (Symbol: CMG) options are showing a volume of 3,676 contracts thus far today. That number of contracts represents approximately 367,600 underlying shares, working out to a sizeable 146.7% of CMG's average daily trading volume over the past month, of 250,550 shares. Particularly high volume was seen for the $2400 strike put option expiring April 26, 2024, with 288 contracts trading so far today, representing approximately 28,800 underlying shares of CMG. Below is a chart showing CMG's trailing twelve month trading history, with the $2400 strike highlighted in orange:

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And Carvana Co (Symbol: CVNA) options are showing a volume of 49,637 contracts thus far today. That number of contracts represents approximately 5.0 million underlying shares, working out to a sizeable 134.9% of CVNA's average daily trading volume over the past month, of 3.7 million shares. Particularly high volume was seen for the $75 strike call option expiring April 26, 2024, with 2,560 contracts trading so far today, representing approximately 256,000 underlying shares of CVNA. Below is a chart showing CVNA's trailing twelve month trading history, with the $75 strike highlighted in orange:

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For the various different available expirations for PCRX options, CMG options, or CVNA options, visit StockOptionsChannel.com.

Also see:

BSJP Average Annual Return
PRT Average Annual Return
ADP Price Target

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