Notable Tuesday Option Activity: PENN, AXON, AYX
May 04, 2021 at 15:27 PM EDT
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Penn National Gaming Inc (PENN), where a total volume of 31,283 contracts has been traded thus far today, a contract volume which is representative of approximately 3.1 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 70% of PENN's average daily trading volume over the past month, of 4.5 million shares..