Notable Thursday Option Activity: PENN, SPG, SBUX
November 18, 2021 at 14:35 PM EST
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Penn National Gaming Inc (PENN), where a total volume of 35,259 contracts has been traded thus far today, a contract volume which is representative of approximately 3.5 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 44.9% of PENN's average daily trading volume over the past month, of 7.9 million shares..