Notable Monday Option Activity: ALB, EE, PENN

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Albemarle Corp. (Symbol: ALB), where a total volume of 11,663 contracts has been traded thus far today, a contract volume which is representative of approximately 1.2 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 45.7% of ALB's average daily trading volume over the past month, of 2.5 million shares. Especially high volume was seen for the $145 strike call option expiring December 15, 2023, with 607 contracts trading so far today, representing approximately 60,700 underlying shares of ALB. Below is a chart showing ALB's trailing twelve month trading history, with the $145 strike highlighted in orange:

Excelerate Energy Inc (Symbol: EE) saw options trading volume of 843 contracts, representing approximately 84,300 underlying shares or approximately 45.7% of EE's average daily trading volume over the past month, of 184,285 shares. Particularly high volume was seen for the $17 strike call option expiring November 17, 2023, with 814 contracts trading so far today, representing approximately 81,400 underlying shares of EE. Below is a chart showing EE's trailing twelve month trading history, with the $17 strike highlighted in orange:

And PENN Entertainment Inc (Symbol: PENN) options are showing a volume of 14,994 contracts thus far today. That number of contracts represents approximately 1.5 million underlying shares, working out to a sizeable 44.5% of PENN's average daily trading volume over the past month, of 3.4 million shares. Particularly high volume was seen for the $22.50 strike call option expiring December 15, 2023, with 4,615 contracts trading so far today, representing approximately 461,500 underlying shares of PENN. Below is a chart showing PENN's trailing twelve month trading history, with the $22.50 strike highlighted in orange:

For the various different available expirations for ALB options, EE options, or PENN options, visit StockOptionsChannel.com.

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