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21 May
Noteworthy Tuesday Option Activity: PENN, WBD, TNDM

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in PENN Entertainment Inc (Symbol: PENN), where a total of 67,848 contracts have traded so far, representing approximately 6.8 million underlying shares. That amounts to about 96.8% of PENN's average daily trading volume over the past month of 7.0 million shares. Particularly high volume was seen for the $25 strike call option expiring June 21, 2024, with 45,356 contracts trading so far today, representing approximately 4.5 million underlying shares of PENN. Below is a chart showing PENN's trailing twelve month trading history, with the $25 strike highlighted in orange:

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Warner Bros Discovery Inc (Symbol: WBD) saw options trading volume of 256,512 contracts, representing approximately 25.7 million underlying shares or approximately 80.4% of WBD's average daily trading volume over the past month, of 31.9 million shares. Particularly high volume was seen for the $8 strike put option expiring May 31, 2024, with 125,754 contracts trading so far today, representing approximately 12.6 million underlying shares of WBD. Below is a chart showing WBD's trailing twelve month trading history, with the $8 strike highlighted in orange:

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And Tandem Diabetes Care Inc (Symbol: TNDM) options are showing a volume of 9,959 contracts thus far today. That number of contracts represents approximately 995,900 underlying shares, working out to a sizeable 58.3% of TNDM's average daily trading volume over the past month, of 1.7 million shares. Particularly high volume was seen for the $60 strike call option expiring June 21, 2024, with 1,813 contracts trading so far today, representing approximately 181,300 underlying shares of TNDM. Below is a chart showing TNDM's trailing twelve month trading history, with the $60 strike highlighted in orange:

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For the various different available expirations for PENN options, WBD options, or TNDM options, visit StockOptionsChannel.com.

Also see:

CHOP Split History
NXGN Options Chain
Funds Holding MMI

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