Noteworthy Friday Option Activity: PENN, SATS, SHAK
August 30, 2024 at 15:49 PM EDT
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in PENN Entertainment Inc (PENN), where a total volume of 17,188 contracts has been traded thus far today, a contract volume which is representative of approximately 1.7 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 50.4% of PENN's average daily trading volume over the past month, of 3.4 million shares..