Notable Monday Option Activity: PENG, AA, ADUS
Notable Monday Option Activity: PENG, AA, ADUS
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Penguin Solutions Inc. (Symbol: PENG), where a total volume of 12,909 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 87.2% of PENG's average daily trading volume over the past month, of 1.5 million shares. Particularly high volume was seen for the $70 strike call option expiring October 16, 2026, with 1,717 contracts trading so far today, representing approximately 171,700 underlying shares of PENG. Below is a chart showing PENG's trailing twelve month trading history, with the $70 strike highlighted in orange:
Alcoa Corporation (Symbol: AA) saw options trading volume of 33,600 contracts, representing approximately 3.4 million underlying shares or approximately 86.9% of AA's average daily trading volume over the past month, of 3.9 million shares. Particularly high volume was seen for the $45 strike call option expiring November 20, 2026, with 9,039 contracts trading so far today, representing approximately 903,900 underlying shares of AA. Below is a chart showing AA's trailing twelve month trading history, with the $45 strike highlighted in orange:
And Addus HomeCare Corp (Symbol: ADUS) saw options trading volume of 1,727 contracts, representing approximately 172,700 underlying shares or approximately 80.4% of ADUS's average daily trading volume over the past month, of 214,845 shares. Especially high volume was seen for the $120 strike call option expiring October 16, 2026, with 1,725 contracts trading so far today, representing approximately 172,500 underlying shares of ADUS. Below is a chart showing ADUS's trailing twelve month trading history, with the $120 strike highlighted in orange:
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