Noteworthy Tuesday Option Activity: PANW, PNR, CNC

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Palo Alto Networks, Inc (Symbol: PANW), where a total volume of 14,559 contracts has been traded thus far today, a contract volume which is representative of approximately 1.5 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 49.9% of PANW's average daily trading volume over the past month, of 2.9 million shares. Particularly high volume was seen for the $242.50 strike put option expiring October 27, 2023, with 782 contracts trading so far today, representing approximately 78,200 underlying shares of PANW. Below is a chart showing PANW's trailing twelve month trading history, with the $242.50 strike highlighted in orange:

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Pentair PLC (Symbol: PNR) saw options trading volume of 6,126 contracts, representing approximately 612,600 underlying shares or approximately 48.6% of PNR's average daily trading volume over the past month, of 1.3 million shares. Especially high volume was seen for the $62.50 strike call option expiring November 17, 2023, with 2,855 contracts trading so far today, representing approximately 285,500 underlying shares of PNR. Below is a chart showing PNR's trailing twelve month trading history, with the $62.50 strike highlighted in orange:

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And Centene Corp (Symbol: CNC) options are showing a volume of 12,563 contracts thus far today. That number of contracts represents approximately 1.3 million underlying shares, working out to a sizeable 45% of CNC's average daily trading volume over the past month, of 2.8 million shares. Particularly high volume was seen for the $62 strike put option expiring October 27, 2023, with 4,481 contracts trading so far today, representing approximately 448,100 underlying shares of CNC. Below is a chart showing CNC's trailing twelve month trading history, with the $62 strike highlighted in orange:

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For the various different available expirations for PANW options, PNR options, or CNC options, visit StockOptionsChannel.com.

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

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