Notable Wednesday Option Activity: EQT, PECO, ALGM

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in EQT Corp (Symbol: EQT), where a total volume of 53,903 contracts has been traded thus far today, a contract volume which is representative of approximately 5.4 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 80.3% of EQT's average daily trading volume over the past month, of 6.7 million shares. Especially high volume was seen for the $65 strike call option expiring January 19, 2024, with 20,277 contracts trading so far today, representing approximately 2.0 million underlying shares of EQT. Below is a chart showing EQT's trailing twelve month trading history, with the $65 strike highlighted in orange:

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Phillips Edison & Co Inc (Symbol: PECO) options are showing a volume of 4,182 contracts thus far today. That number of contracts represents approximately 418,200 underlying shares, working out to a sizeable 78.5% of PECO's average daily trading volume over the past month, of 532,565 shares. Especially high volume was seen for the $30 strike put option expiring October 21, 2022, with 3,752 contracts trading so far today, representing approximately 375,200 underlying shares of PECO. Below is a chart showing PECO's trailing twelve month trading history, with the $30 strike highlighted in orange:

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And Allegro MicroSystems Inc (Symbol: ALGM) saw options trading volume of 3,037 contracts, representing approximately 303,700 underlying shares or approximately 76.3% of ALGM's average daily trading volume over the past month, of 398,060 shares. Especially high volume was seen for the $17.50 strike put option expiring October 21, 2022, with 2,990 contracts trading so far today, representing approximately 299,000 underlying shares of ALGM. Below is a chart showing ALGM's trailing twelve month trading history, with the $17.50 strike highlighted in orange:

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For the various different available expirations for EQT options, PECO options, or ALGM options, visit StockOptionsChannel.com.

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