Noteworthy Wednesday Option Activity: SIGA, PKG, ENPH

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in SIGA Technologies Inc (Symbol: SIGA), where a total volume of 2,953 contracts has been traded thus far today, a contract volume which is representative of approximately 295,300 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 86.3% of SIGA's average daily trading volume over the past month, of 342,080 shares. Especially high volume was seen for the $5 strike call option expiring March 15, 2024, with 1,285 contracts trading so far today, representing approximately 128,500 underlying shares of SIGA. Below is a chart showing SIGA's trailing twelve month trading history, with the $5 strike highlighted in orange:

Packaging Corp of America (Symbol: PKG) saw options trading volume of 5,424 contracts, representing approximately 542,400 underlying shares or approximately 83% of PKG's average daily trading volume over the past month, of 653,345 shares. Particularly high volume was seen for the $175 strike call option expiring March 15, 2024, with 2,562 contracts trading so far today, representing approximately 256,200 underlying shares of PKG. Below is a chart showing PKG's trailing twelve month trading history, with the $175 strike highlighted in orange:

And Enphase Energy Inc. (Symbol: ENPH) options are showing a volume of 30,017 contracts thus far today. That number of contracts represents approximately 3.0 million underlying shares, working out to a sizeable 83% of ENPH's average daily trading volume over the past month, of 3.6 million shares. Particularly high volume was seen for the $130 strike call option expiring March 15, 2024, with 2,202 contracts trading so far today, representing approximately 220,200 underlying shares of ENPH. Below is a chart showing ENPH's trailing twelve month trading history, with the $130 strike highlighted in orange:

For the various different available expirations for SIGA options, PKG options, or ENPH options, visit StockOptionsChannel.com.

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

Also see:

• Funds Holding NPT
• AFBI Insider Buying
• IRVH YTD Return

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