Noteworthy Tuesday Option Activity: HRTX, HOG, PANW

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Heron Therapeutics Inc (Symbol: HRTX), where a total volume of 12,128 contracts has been traded thus far today, a contract volume which is representative of approximately 1.2 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 57.9% of HRTX's average daily trading volume over the past month, of 2.1 million shares. Especially high volume was seen for the $3 strike put option expiring September 20, 2024, with 10,233 contracts trading so far today, representing approximately 1.0 million underlying shares of HRTX. Below is a chart showing HRTX's trailing twelve month trading history, with the $3 strike highlighted in orange:

Harley-Davidson Inc (Symbol: HOG) options are showing a volume of 8,704 contracts thus far today. That number of contracts represents approximately 870,400 underlying shares, working out to a sizeable 56.2% of HOG's average daily trading volume over the past month, of 1.5 million shares. Especially high volume was seen for the $25 strike put option expiring January 17, 2025, with 3,000 contracts trading so far today, representing approximately 300,000 underlying shares of HOG. Below is a chart showing HOG's trailing twelve month trading history, with the $25 strike highlighted in orange:

And Palo Alto Networks, Inc (Symbol: PANW) saw options trading volume of 17,088 contracts, representing approximately 1.7 million underlying shares or approximately 54.7% of PANW's average daily trading volume over the past month, of 3.1 million shares. Particularly high volume was seen for the $350 strike call option expiring July 05, 2024, with 2,680 contracts trading so far today, representing approximately 268,000 underlying shares of PANW. Below is a chart showing PANW's trailing twelve month trading history, with the $350 strike highlighted in orange:

For the various different available expirations for HRTX options, HOG options, or PANW options, visit StockOptionsChannel.com.

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