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15 July
Noteworthy Monday Option Activity: PNM, VRT, PEP

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in PNM Resources Inc (Symbol: PNM), where a total volume of 3,065 contracts has been traded thus far today, a contract volume which is representative of approximately 306,500 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 41.9% of PNM's average daily trading volume over the past month, of 731,040 shares. Especially high volume was seen for the $40 strike call option expiring August 16, 2024, with 3,043 contracts trading so far today, representing approximately 304,300 underlying shares of PNM. Below is a chart showing PNM's trailing twelve month trading history, with the $40 strike highlighted in orange:

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Vertiv Holdings Co (Symbol: VRT) options are showing a volume of 36,405 contracts thus far today. That number of contracts represents approximately 3.6 million underlying shares, working out to a sizeable 41.2% of VRT's average daily trading volume over the past month, of 8.8 million shares. Especially high volume was seen for the $91 strike call option expiring July 19, 2024, with 5,573 contracts trading so far today, representing approximately 557,300 underlying shares of VRT. Below is a chart showing VRT's trailing twelve month trading history, with the $91 strike highlighted in orange:

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And PepsiCo Inc (Symbol: PEP) options are showing a volume of 22,653 contracts thus far today. That number of contracts represents approximately 2.3 million underlying shares, working out to a sizeable 40.5% of PEP's average daily trading volume over the past month, of 5.6 million shares. Especially high volume was seen for the $170 strike call option expiring July 19, 2024, with 1,849 contracts trading so far today, representing approximately 184,900 underlying shares of PEP. Below is a chart showing PEP's trailing twelve month trading history, with the $170 strike highlighted in orange:

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For the various different available expirations for PNM options, VRT options, or PEP options, visit StockOptionsChannel.com.

Also see:

VMBS shares outstanding history
TEX YTD Return
LEDR Options Chain

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