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Notable Wednesday Option Activity: NOW, PAG, ADP


LIn terms of options trading activity among constituents of the Russell 3000 Index, there was notable activity today at ServiceNow Inc (Ticker: NOW), where a total volume of 10,234 contracts was traded. traded so far today, a volume of contracts that is representative of approximately 1.0 million underlying shares (given that each contract represents 100 underlying shares). This number equates to 55.4% of NOW’s average daily trading volume over the past month, or 1.8 million shares. Particularly high volume was seen for the $420 strike put option expiring July 29, 2022, with 542 contracts traded so far today, representing approximately 54,200 underlying NOW shares. Below is a chart showing NOW’s trading history over the past twelve months, with the $420 strike highlighted in orange:

Penske Automotive Group Inc (ticker: PAG) options are showing a volume of 2,107 contracts so far today. This number of contracts represents approximately 210,700 underlying shares, or 54.2% of PAG’s average daily trading volume over the past month, or 388,440 shares. Particularly high volume was seen for the $60 strike put option expiring August 19, 2022, with 623 contracts traded so far today, representing approximately 62,300 underlying shares of PAG. Below is a chart showing PAG’s trading history over the last twelve months, with the $60 strike highlighted in orange:

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And Automatic Data Processing Inc. (Symbol: ADP) options are showing a volume of 7,861 contracts so far today. This number of contracts represents approximately 786,100 underlying stocks, or 53.1% of ADP’s average daily trading volume over the past month, or 1.5 million shares. Particularly high volume was seen for the $230 strike call option expiring July 29, 2022, with 642 contracts traded so far today, representing approximately 64,200 underlying ADP shares. Below is a chart showing ADP’s trading history over the past twelve months, with the $230 strike highlighted in orange:

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For the different expirations available for NOW options, PAG options or ADP options, visit StockOptionsChannel.com.

Most active call and put options on the S&P 500 today ยป

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