Noteworthy Friday Option Activity: PZZA, IIPR, GSAT
Nasdaq Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Papa John's International, Inc. (Symbol: PZZA), where a total volume of 3,555 contracts has been traded thus far today, a contract volume which is representative of approximately 355,500 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 52.3% of PZZA's average daily trading volume over the past month, of 680,230 shares. Particularly high volume was seen for the $62.50 strike put option expiring August 18, 2023, with 3,186 contracts trading so far today, representing approximately 318,600 underlying shares of PZZA. Below is a chart showing PZZA's trailing twelve month trading history, with the $62.50 strike highlighted in orange:
