Notable Wednesday Optional Activity: PLNT, MGY, ESTC


IIn terms of options trading activity among the constituents of the Russell 3000 Index, there was notable activity today at Planet Fitness Inc (Symbol: PLNT), where a total volume of 6,064 contracts was been traded so far today, a contract volume that represents approximately 606,400 underlying shares (given that each contract represents 100 underlying shares). This number equates to 48.5% of PLNT’s average daily trading volume over the past month, or 1.2 million shares. Particularly high volume was seen for the $82.50 strike call option expiring March 18, 2022, with 1,261 contracts traded so far today, representing approximately 126,100 underlying shares of PLNT . Below is a chart showing PLNT’s trading history over the past twelve months, with the $82.50 strike highlighted in orange:

Magnolia Oil & Gas Corp (ticker: MGY) options are trading at 8,918 contracts so far today. This number of contracts represents approximately 891,800 underlying shares, or 47% of MGY’s average daily trading volume over the past month, or 1.9 million shares. Particularly high volume was seen for the $20 strike put option expiring September 16, 2022, with 4,254 contracts traded so far today, representing approximately 425,400 underlying MGY shares. Below is a chart showing MGY’s trading history over the last twelve months, with the $20 strike highlighted in orange:

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And Elastic NV Options (ticker: ESTC) shows a volume of 6,029 contracts to date. This number of contracts represents approximately 602,900 underlying shares, or 46% of ESTC’s average daily trading volume over the past month, or 1.3 million shares. Particularly high volume was seen for the $120 strike call option expiring on April 14, 2022, with 2,000 contracts traded so far today, representing around 200,000 underlying shares of ESTC. Below is a chart showing ESTC’s past twelve month trading history, with the $120 strike highlighted in orange:

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For the different expirations available for PLNT options, MGY options or ESTC options, visit StockOptionsChannel.com.

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

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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