Notable Wednesday Option Activity: ZVRA, KOD, PEN
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Zevra Therapeutics, Inc (Symbol: ZVRA), where a total volume of 8,827 contracts has been traded thus far today, a contract volume which is representative of approximately 882,700 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 82.8% of ZVRA's average daily trading volume over the past month, of 1.1 million shares. Particularly high volume was seen for the $12 strike put option expiring December 17, 2027, with 1,087 contracts trading so far today, representing approximately 108,700 underlying shares of ZVRA. Below is a chart showing ZVRA's trailing twelve month trading history, with the $12 strike highlighted in orange:
Kodiak Sciences Inc (Symbol: KOD) options are showing a volume of 4,831 contracts thus far today. That number of contracts represents approximately 483,100 underlying shares, working out to a sizeable 82.8% of KOD's average daily trading volume over the past month, of 583,345 shares. Particularly high volume was seen for the $45 strike call option expiring October 16, 2026, with 2,350 contracts trading so far today, representing approximately 235,000 underlying shares of KOD. Below is a chart showing KOD's trailing twelve month trading history, with the $45 strike highlighted in orange:
And Penumbra Inc (Symbol: PEN) options are showing a volume of 2,083 contracts thus far today. That number of contracts represents approximately 208,300 underlying shares, working out to a sizeable 81.9% of PEN's average daily trading volume over the past month, of 254,230 shares. Especially high volume was seen for the $300 strike put option expiring January 15, 2027, with 1,992 contracts trading so far today, representing approximately 199,200 underlying shares of PEN. Below is a chart showing PEN's trailing twelve month trading history, with the $300 strike highlighted in orange:
For the various different available expirations for ZVRA options, KOD options, or PEN options, visit StockOptionsChannel.com.
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