Noteworthy Tuesday Option Activity: PENN, CMG, DE

By | January 4, 2017

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Penn National Gaming, Inc. (Symbol: PENN), where a total volume of 20,315 contracts has been traded thus far today, a contract volume which is representative of approximately 2.0 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 212.3% of PENN’s average daily trading volume over the past month, of 957,095 shares. Especially high volume was seen for the $ 15 strike call option expiring July 21, 2017 , with 10,170 contracts trading so far today, representing approximately 1.0 million underlying shares of PENN. Below is a chart showing PENN’s trailing twelve month trading history, with the $ 15 strike highlighted in orange:

Loading+chart++2017+TickerTech.com Chipotle Mexican Grill Inc (Symbol: CMG) options are showing a volume of 12,057 contracts thus far today. That number of contracts represents approximately 1.2 million underlying shares, working out to a sizeable 99.1% of CMG’s average daily trading volume over the past month, of 1.2 million shares. Especially high volume was seen for the $ 400 strike call option expiring January 20, 2017 , with 703 contracts trading so far today, representing approximately 70,300 underlying shares of CMG. Below is a chart showing CMG’s trailing twelve month trading history, with the $ 400 strike highlighted in orange: Loading+chart++2017+TickerTech.com And Deere & Co. (Symbol: DE) saw options trading volume of 22,796 contracts, representing approximately 2.3 million underlying shares or approximately 87.4% of DE’s average daily trading volume over the past month, of 2.6 million shares. Particularly high volume was seen for the $ 110 strike call option expiring February 17, 2017 , with 6,422 contracts trading so far today, representing approximately 642,200 underlying shares of DE. Below is a chart showing DE’s trailing twelve month trading history, with the $ 110 strike highlighted in orange: Loading+chart++2017+TickerTech.com For the various different available expirations for PENN options , CMG options , or DE options , visit StockOptionsChannel.com.

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