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24 April
Noteworthy Wednesday Option Activity: JWN, PENN, LAD

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Nordstrom, Inc. (Symbol: JWN), where a total volume of 25,473 contracts has been traded thus far today, a contract volume which is representative of approximately 2.5 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 71.5% of JWN's average daily trading volume over the past month, of 3.6 million shares. Particularly high volume was seen for the $16.50 strike put option expiring May 17, 2024, with 10,133 contracts trading so far today, representing approximately 1.0 million underlying shares of JWN. Below is a chart showing JWN's trailing twelve month trading history, with the $16.50 strike highlighted in orange:

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PENN Entertainment Inc (Symbol: PENN) options are showing a volume of 35,347 contracts thus far today. That number of contracts represents approximately 3.5 million underlying shares, working out to a sizeable 69% of PENN's average daily trading volume over the past month, of 5.1 million shares. Particularly high volume was seen for the $18 strike call option expiring April 26, 2024, with 5,841 contracts trading so far today, representing approximately 584,100 underlying shares of PENN. Below is a chart showing PENN's trailing twelve month trading history, with the $18 strike highlighted in orange:

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And Lithia Motors Inc (Symbol: LAD) saw options trading volume of 1,551 contracts, representing approximately 155,100 underlying shares or approximately 60.7% of LAD's average daily trading volume over the past month, of 255,370 shares. Especially high volume was seen for the $240 strike put option expiring June 21, 2024, with 318 contracts trading so far today, representing approximately 31,800 underlying shares of LAD. Below is a chart showing LAD's trailing twelve month trading history, with the $240 strike highlighted in orange:

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For the various different available expirations for JWN options, PENN options, or LAD options, visit StockOptionsChannel.com.

Also see:

Consolidated Edison 13F Filers
JMOM Videos
ASA Historical Stock Prices

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