Notable Tuesday Option Activity: HPQ, ARCH, PRGO

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in HP Inc (Symbol: HPQ), where a total volume of 162,553 contracts has been traded thus far today, a contract volume which is representative of approximately 16.3 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 154.1% of HPQ's average daily trading volume over the past month, of 10.5 million shares. Particularly high volume was seen for the $32 strike call option expiring June 21, 2024, with 52,378 contracts trading so far today, representing approximately 5.2 million underlying shares of HPQ. Below is a chart showing HPQ's trailing twelve month trading history, with the $32 strike highlighted in orange:

Arch Resources Inc (Symbol: ARCH) options are showing a volume of 3,850 contracts thus far today. That number of contracts represents approximately 385,000 underlying shares, working out to a sizeable 135.4% of ARCH's average daily trading volume over the past month, of 284,430 shares. Particularly high volume was seen for the $140 strike put option expiring July 19, 2024, with 1,832 contracts trading so far today, representing approximately 183,200 underlying shares of ARCH. Below is a chart showing ARCH's trailing twelve month trading history, with the $140 strike highlighted in orange:

And Perrigo Company plc (Symbol: PRGO) options are showing a volume of 20,772 contracts thus far today. That number of contracts represents approximately 2.1 million underlying shares, working out to a sizeable 119.5% of PRGO's average daily trading volume over the past month, of 1.7 million shares. Particularly high volume was seen for the $30 strike call option expiring August 16, 2024, with 10,223 contracts trading so far today, representing approximately 1.0 million underlying shares of PRGO. Below is a chart showing PRGO's trailing twelve month trading history, with the $30 strike highlighted in orange:

For the various different available expirations for HPQ options, ARCH options, or PRGO options, visit StockOptionsChannel.com.

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

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