Noteworthy Monday Option Activity: PZZA, DNMR, FCX

By Metals Channel Staff, Monday, August 23, 5:02 PM ET

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Papa John's International, Inc. (NASDAQ:PZZA), where a total volume of 2,609 contracts has been traded thus far today, a contract volume which is representative of approximately 260,900 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 62.3% of PZZA's average daily trading volume over the past month, of 418,740 shares. Especially high volume was seen for the $110 strike put option expiring September 24, 2021, with 945 contracts trading so far today, representing approximately 94,500 underlying shares of PZZA. Below is a chart showing PZZA's trailing twelve month trading history, with the $110 strike highlighted in orange:

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Danimer Scientific Inc (NYSE:DNMR) options are showing a volume of 13,095 contracts thus far today. That number of contracts represents approximately 1.3 million underlying shares, working out to a sizeable 60.9% of DNMR's average daily trading volume over the past month, of 2.2 million shares. Particularly high volume was seen for the $15 strike put option expiring September 17, 2021, with 9,776 contracts trading so far today, representing approximately 977,600 underlying shares of DNMR. Below is a chart showing DNMR's trailing twelve month trading history, with the $15 strike highlighted in orange:

And Freeport-McMoran Copper & Gold (NYSE:FCX) saw options trading volume of 105,084 contracts, representing approximately 10.5 million underlying shares or approximately 60.5% of FCX's average daily trading volume over the past month, of 17.4 million shares. Especially high volume was seen for the $31 strike put option expiring September 03, 2021, with 9,914 contracts trading so far today, representing approximately 991,400 underlying shares of FCX. Below is a chart showing FCX's trailing twelve month trading history, with the $31 strike highlighted in orange:

For the various different available expirations for PZZA options, DNMR options, or FCX options, visit StockOptionsChannel.com.

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