Noteworthy Thursday Option Activity: PEG, KMB, EL
Nasdaq Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Public Service Enterprise Group Inc (Symbol: PEG), where a total volume of 26,326 contracts has been traded thus far today, a contract volume which is representative of approximately 2.6 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 116.5% of PEG's average daily trading volume over the past month, of 2.3 million shares. Especially high volume was seen for the $60 strike call option expiring June 16, 2023, with 13,054 contracts trading so far today, representing approximately 1.3 million underlying shares of PEG. Below is a chart showing PEG's trailing twelve month trading history, with the $60 strike highlighted in orange:
