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Noteworthy Tuesday Option Activity: ERI, DRI, PANW


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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Eldorado Resorts Inc (Symbol: ERI), where a total volume of 5,513 contracts has been traded thus far today, a contract volume which is representative of approximately 551,300 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 91.2% of ERI's average daily trading volume over the past month, of 604,225 shares. Particularly high volume was seen for the $45 strike call option expiring June 15, 2018 , with 3,247 contracts trading so far today, representing approximately 324,700 underlying shares of ERI. Below is a chart showing ERI's trailing twelve month trading history, with the $45 strike highlighted in orange:

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Darden Restaurants, Inc. (Symbol: DRI) saw options trading volume of 12,559 contracts, representing approximately 1.3 million underlying shares or approximately 83.9% of DRI's average daily trading volume over the past month, of 1.5 million shares. Particularly high volume was seen for the $92.50 strike call option expiring July 20, 2018 , with 3,067 contracts trading so far today, representing approximately 306,700 underlying shares of DRI. Below is a chart showing DRI's trailing twelve month trading history, with the $92.50 strike highlighted in orange:

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And Palo Alto Networks, Inc (Symbol: PANW) options are showing a volume of 12,193 contracts thus far today. That number of contracts represents approximately 1.2 million underlying shares, working out to a sizeable 80.8% of PANW's average daily trading volume over the past month, of 1.5 million shares. Particularly high volume was seen for the $200 strike call option expiring June 15, 2018 , with 618 contracts trading so far today, representing approximately 61,800 underlying shares of PANW. Below is a chart showing PANW's trailing twelve month trading history, with the $200 strike highlighted in orange:

Loading+chart++2018+TickerTech.com

For the various different available expirations for ERI options , DRI options , or PANW options , visit StockOptionsChannel.com.

Today's Most Active Call & Put Options of the S&P 500 ┬╗

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



This article appears in: Investing , Options
Referenced Symbols: ERI , DRI , PANW


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