Notable Wednesday Option Activity: PKG, CAVA, SSTK

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Packaging Corp of America (Symbol: PKG), where a total volume of 3,465 contracts has been traded thus far today, a contract volume which is representative of approximately 346,500 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 61.7% of PKG's average daily trading volume over the past month, of 561,365 shares. Particularly high volume was seen for the $180 strike put option expiring August 16, 2024, with 1,490 contracts trading so far today, representing approximately 149,000 underlying shares of PKG. Below is a chart showing PKG's trailing twelve month trading history, with the $180 strike highlighted in orange:

CAVA Group Inc (Symbol: CAVA) saw options trading volume of 16,987 contracts, representing approximately 1.7 million underlying shares or approximately 61.3% of CAVA's average daily trading volume over the past month, of 2.8 million shares. Particularly high volume was seen for the $83 strike call option expiring July 19, 2024, with 1,431 contracts trading so far today, representing approximately 143,100 underlying shares of CAVA. Below is a chart showing CAVA's trailing twelve month trading history, with the $83 strike highlighted in orange:

And Shutterstock Inc (Symbol: SSTK) options are showing a volume of 2,653 contracts thus far today. That number of contracts represents approximately 265,300 underlying shares, working out to a sizeable 60.6% of SSTK's average daily trading volume over the past month, of 437,595 shares. Especially high volume was seen for the $35 strike put option expiring September 20, 2024, with 2,442 contracts trading so far today, representing approximately 244,200 underlying shares of SSTK. Below is a chart showing SSTK's trailing twelve month trading history, with the $35 strike highlighted in orange:

For the various different available expirations for PKG options, CAVA options, or SSTK options, visit StockOptionsChannel.com.

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

Also see:

• Institutional Holders of ADT
• FNSR Options Chain
• Funds Holding IVRA

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