Noteworthy Tuesday Option Activity: LOW, PLAY, MCY

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Lowe's Companies Inc (Symbol: LOW), where a total volume of 13,419 contracts has been traded thus far today, a contract volume which is representative of approximately 1.3 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 55.7% of LOW's average daily trading volume over the past month, of 2.4 million shares. Particularly high volume was seen for the $272.50 strike call option expiring January 24, 2025, with 1,716 contracts trading so far today, representing approximately 171,600 underlying shares of LOW. Below is a chart showing LOW's trailing twelve month trading history, with the $272.50 strike highlighted in orange:

Dave & Busters Entertainment Inc (Symbol: PLAY) saw options trading volume of 10,311 contracts, representing approximately 1.0 million underlying shares or approximately 55.5% of PLAY's average daily trading volume over the past month, of 1.9 million shares. Particularly high volume was seen for the $27 strike call option expiring February 21, 2025, with 2,672 contracts trading so far today, representing approximately 267,200 underlying shares of PLAY. Below is a chart showing PLAY's trailing twelve month trading history, with the $27 strike highlighted in orange:

And Mercury General Corp. (Symbol: MCY) options are showing a volume of 4,321 contracts thus far today. That number of contracts represents approximately 432,100 underlying shares, working out to a sizeable 54.8% of MCY's average daily trading volume over the past month, of 787,910 shares. Particularly high volume was seen for the $40 strike put option expiring February 21, 2025, with 2,274 contracts trading so far today, representing approximately 227,400 underlying shares of MCY. Below is a chart showing MCY's trailing twelve month trading history, with the $40 strike highlighted in orange:

For the various different available expirations for LOW options, PLAY options, or MCY options, visit StockOptionsChannel.com.

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

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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.