Noteworthy Thursday Option Activity: DVN, SCHL, PANW

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Devon Energy Corp. (Symbol: DVN), where a total volume of 35,582 contracts has been traded thus far today, a contract volume which is representative of approximately 3.6 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 49.7% of DVN's average daily trading volume over the past month, of 7.2 million shares. Particularly high volume was seen for the $39 strike call option expiring October 04, 2024, with 1,881 contracts trading so far today, representing approximately 188,100 underlying shares of DVN. Below is a chart showing DVN's trailing twelve month trading history, with the $39 strike highlighted in orange:

Scholastic Corp (Symbol: SCHL) saw options trading volume of 845 contracts, representing approximately 84,500 underlying shares or approximately 48.2% of SCHL's average daily trading volume over the past month, of 175,360 shares. Particularly high volume was seen for the $25 strike put option expiring October 18, 2024, with 411 contracts trading so far today, representing approximately 41,100 underlying shares of SCHL. Below is a chart showing SCHL's trailing twelve month trading history, with the $25 strike highlighted in orange:

And Palo Alto Networks, Inc (Symbol: PANW) options are showing a volume of 11,564 contracts thus far today. That number of contracts represents approximately 1.2 million underlying shares, working out to a sizeable 48% of PANW's average daily trading volume over the past month, of 2.4 million shares. Particularly high volume was seen for the $345 strike call option expiring September 27, 2024, with 738 contracts trading so far today, representing approximately 73,800 underlying shares of PANW. Below is a chart showing PANW's trailing twelve month trading history, with the $345 strike highlighted in orange:

For the various different available expirations for DVN options, SCHL options, or PANW options, visit StockOptionsChannel.com.

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

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