Noteworthy Friday Option Activity: TIPT, DG, PENN

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Tiptree Inc (Symbol: TIPT), where a total volume of 1,088 contracts has been traded thus far today, a contract volume which is representative of approximately 108,800 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 80% of TIPT's average daily trading volume over the past month, of 136,070 shares. Especially high volume was seen for the $25 strike call option expiring April 17, 2025, with 1,026 contracts trading so far today, representing approximately 102,600 underlying shares of TIPT. Below is a chart showing TIPT's trailing twelve month trading history, with the $25 strike highlighted in orange:

Dollar General Corp (Symbol: DG) options are showing a volume of 26,113 contracts thus far today. That number of contracts represents approximately 2.6 million underlying shares, working out to a sizeable 78.1% of DG's average daily trading volume over the past month, of 3.3 million shares. Particularly high volume was seen for the $65 strike put option expiring January 16, 2026, with 3,001 contracts trading so far today, representing approximately 300,100 underlying shares of DG. Below is a chart showing DG's trailing twelve month trading history, with the $65 strike highlighted in orange:

And PENN Entertainment Inc (Symbol: PENN) options are showing a volume of 30,780 contracts thus far today. That number of contracts represents approximately 3.1 million underlying shares, working out to a sizeable 75% of PENN's average daily trading volume over the past month, of 4.1 million shares. Particularly high volume was seen for the $27.50 strike call option expiring July 18, 2025, with 7,007 contracts trading so far today, representing approximately 700,700 underlying shares of PENN. Below is a chart showing PENN's trailing twelve month trading history, with the $27.50 strike highlighted in orange:

For the various different available expirations for TIPT options, DG options, or PENN options, visit StockOptionsChannel.com.

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

Also see:

• Top Ten Hedge Funds Holding MFM
• LRN Insider Buying
• Institutional Holders of SFK

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