Noteworthy Monday Option Activity: COST, PPC, PTON

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Costco Wholesale Corp (NASDAQ:COST), where a total volume of 25,995 contracts has been traded thus far today, a contract volume which is representative of approximately 2.6 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 104.5% of COST's average daily trading volume over the past month, of 2.5 million shares. Particularly high volume was seen for the $360 strike call option expiring February 19, 2021, with 3,367 contracts trading so far today, representing approximately 336,700 underlying shares of COST. Below is a chart showing COST's trailing twelve month trading history, with the $360 strike highlighted in orange:

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

Pilgrims Pride Corp. (NASDAQ:PPC) options are showing a volume of 7,423 contracts thus far today. That number of contracts represents approximately 742,300 underlying shares, working out to a sizeable 104.1% of PPC's average daily trading volume over the past month, of 712,995 shares. Particularly high volume was seen for the $24 strike call option expiring February 19, 2021, with 3,065 contracts trading so far today, representing approximately 306,500 underlying shares of PPC. Below is a chart showing PPC's trailing twelve month trading history, with the $24 strike highlighted in orange:

And Peloton Interactive Inc (NASDAQ:PTON) saw options trading volume of 69,019 contracts, representing approximately 6.9 million underlying shares or approximately 95% of PTON's average daily trading volume over the past month, of 7.3 million shares. Particularly high volume was seen for the $150 strike call option expiring February 12, 2021, with 3,394 contracts trading so far today, representing approximately 339,400 underlying shares of PTON. Below is a chart showing PTON's trailing twelve month trading history, with the $150 strike highlighted in orange:

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