Noteworthy Monday Option Activity: PZZA, MDGL, MCD

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Papa John's International, Inc. (Symbol: PZZA), where a total of 7,050 contracts have traded so far, representing approximately 705,000 underlying shares. That amounts to about 57% of PZZA's average daily trading volume over the past month of 1.2 million shares. Particularly high volume was seen for the $32.50 strike put option expiring April 17, 2025, with 3,006 contracts trading so far today, representing approximately 300,600 underlying shares of PZZA. Below is a chart showing PZZA's trailing twelve month trading history, with the $32.50 strike highlighted in orange:

Madrigal Pharmaceuticals Inc (Symbol: MDGL) saw options trading volume of 1,680 contracts, representing approximately 168,000 underlying shares or approximately 53.5% of MDGL's average daily trading volume over the past month, of 313,820 shares. Particularly high volume was seen for the $310 strike call option expiring January 17, 2025, with 461 contracts trading so far today, representing approximately 46,100 underlying shares of MDGL. Below is a chart showing MDGL's trailing twelve month trading history, with the $310 strike highlighted in orange:

And McDonald's Corp (Symbol: MCD) saw options trading volume of 15,442 contracts, representing approximately 1.5 million underlying shares or approximately 53.1% of MCD's average daily trading volume over the past month, of 2.9 million shares. Particularly high volume was seen for the $290 strike call option expiring January 17, 2025, with 4,443 contracts trading so far today, representing approximately 444,300 underlying shares of MCD. Below is a chart showing MCD's trailing twelve month trading history, with the $290 strike highlighted in orange:

For the various different available expirations for PZZA options, MDGL options, or MCD options, visit StockOptionsChannel.com.

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