Notable Thursday Option Activity: AOSL, PAG, PM

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Alpha & Omega Semiconductor Ltd. (Symbol: AOSL), where a total volume of 6,832 contracts has been traded thus far today, a contract volume which is representative of approximately 683,200 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 402.9% of AOSL's average daily trading volume over the past month, of 169,580 shares. Especially high volume was seen for the $40 strike call option expiring July 19, 2024, with 2,627 contracts trading so far today, representing approximately 262,700 underlying shares of AOSL. Below is a chart showing AOSL's trailing twelve month trading history, with the $40 strike highlighted in orange:

Penske Automotive Group Inc (Symbol: PAG) saw options trading volume of 2,495 contracts, representing approximately 249,500 underlying shares or approximately 153.5% of PAG's average daily trading volume over the past month, of 162,570 shares. Especially high volume was seen for the $145 strike put option expiring August 16, 2024, with 2,042 contracts trading so far today, representing approximately 204,200 underlying shares of PAG. Below is a chart showing PAG's trailing twelve month trading history, with the $145 strike highlighted in orange:

And Philip Morris International Inc (Symbol: PM) options are showing a volume of 63,452 contracts thus far today. That number of contracts represents approximately 6.3 million underlying shares, working out to a sizeable 133.5% of PM's average daily trading volume over the past month, of 4.8 million shares. Especially high volume was seen for the $100 strike call option expiring June 21, 2024, with 12,833 contracts trading so far today, representing approximately 1.3 million underlying shares of PM. Below is a chart showing PM's trailing twelve month trading history, with the $100 strike highlighted in orange:

For the various different available expirations for AOSL options, PAG options, or PM options, visit StockOptionsChannel.com.

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