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12 June
Notable Wednesday Option Activity: BTU, HOOD, PII

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Peabody Energy Corp (Symbol: BTU), where a total volume of 13,286 contracts has been traded thus far today, a contract volume which is representative of approximately 1.3 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 56.5% of BTU's average daily trading volume over the past month, of 2.4 million shares. Particularly high volume was seen for the $24 strike call option expiring June 21, 2024, with 3,030 contracts trading so far today, representing approximately 303,000 underlying shares of BTU. Below is a chart showing BTU's trailing twelve month trading history, with the $24 strike highlighted in orange:

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Robinhood Markets Inc (Symbol: HOOD) options are showing a volume of 140,716 contracts thus far today. That number of contracts represents approximately 14.1 million underlying shares, working out to a sizeable 56.4% of HOOD's average daily trading volume over the past month, of 24.9 million shares. Particularly high volume was seen for the $24 strike call option expiring June 14, 2024, with 10,987 contracts trading so far today, representing approximately 1.1 million underlying shares of HOOD. Below is a chart showing HOOD's trailing twelve month trading history, with the $24 strike highlighted in orange:

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And Polaris Inc (Symbol: PII) options are showing a volume of 3,549 contracts thus far today. That number of contracts represents approximately 354,900 underlying shares, working out to a sizeable 55.4% of PII's average daily trading volume over the past month, of 640,325 shares. Especially high volume was seen for the $80 strike call option expiring September 20, 2024, with 2,001 contracts trading so far today, representing approximately 200,100 underlying shares of PII. Below is a chart showing PII's trailing twelve month trading history, with the $80 strike highlighted in orange:

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For the various different available expirations for BTU options, HOOD options, or PII options, visit StockOptionsChannel.com.

Also see:

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