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Noteworthy Wednesday Option Activity: ADBE, SQ, PENN


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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Adobe Systems Inc (Symbol: ADBE), where a total volume of 13,266 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 53.2% of ADBE's average daily trading volume over the past month, of 2.5 million shares. Especially high volume was seen for the $232.50 strike call option expiring March 16, 2018 , with 690 contracts trading so far today, representing approximately 69,000 underlying shares of ADBE. Below is a chart showing ADBE's trailing twelve month trading history, with the $232.50 strike highlighted in orange:

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Square Inc (Symbol: SQ) options are showing a volume of 82,594 contracts thus far today. That number of contracts represents approximately 8.3 million underlying shares, working out to a sizeable 53% of SQ's average daily trading volume over the past month, of 15.6 million shares. Particularly high volume was seen for the $55 strike call option expiring April 20, 2018 , with 4,600 contracts trading so far today, representing approximately 460,000 underlying shares of SQ. Below is a chart showing SQ's trailing twelve month trading history, with the $55 strike highlighted in orange:

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And Penn National Gaming, Inc. (Symbol: PENN) saw options trading volume of 7,424 contracts, representing approximately 742,400 underlying shares or approximately 52.5% of PENN's average daily trading volume over the past month, of 1.4 million shares. Especially high volume was seen for the $29 strike call option expiring April 20, 2018 , with 3,633 contracts trading so far today, representing approximately 363,300 underlying shares of PENN. Below is a chart showing PENN's trailing twelve month trading history, with the $29 strike highlighted in orange:

Loading+chart++2018+TickerTech.com

For the various different available expirations for ADBE options , SQ options , or PENN options , visit StockOptionsChannel.com.

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

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: ADBE , SQ , PENN



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