Noteworthy Friday Option Activity: SBUX, PNR, MP

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Starbucks Corp. (Symbol: SBUX), where a total volume of 56,853 contracts has been traded thus far today, a contract volume which is representative of approximately 5.7 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 49.4% of SBUX's average daily trading volume over the past month, of 11.5 million shares. Especially high volume was seen for the $92.50 strike put option expiring June 21, 2024, with 3,800 contracts trading so far today, representing approximately 380,000 underlying shares of SBUX. Below is a chart showing SBUX's trailing twelve month trading history, with the $92.50 strike highlighted in orange:

Pentair PLC (Symbol: PNR) saw options trading volume of 5,839 contracts, representing approximately 583,900 underlying shares or approximately 48.2% of PNR's average daily trading volume over the past month, of 1.2 million shares. Especially high volume was seen for the $95 strike call option expiring November 15, 2024, with 4,200 contracts trading so far today, representing approximately 420,000 underlying shares of PNR. Below is a chart showing PNR's trailing twelve month trading history, with the $95 strike highlighted in orange:

And MP Materials Corp (Symbol: MP) saw options trading volume of 12,243 contracts, representing approximately 1.2 million underlying shares or approximately 47.3% of MP's average daily trading volume over the past month, of 2.6 million shares. Especially high volume was seen for the $5 strike put option expiring January 16, 2026, with 10,481 contracts trading so far today, representing approximately 1.0 million underlying shares of MP. Below is a chart showing MP's trailing twelve month trading history, with the $5 strike highlighted in orange:

For the various different available expirations for SBUX options, PNR options, or MP options, visit StockOptionsChannel.com.

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