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Noteworthy Thursday Option Activity: NEM, MGNI, PLL

By Metals Channel Staff, Thursday, February 29, 3:25 PM ET

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Newmont Corp (NYSE:NEM), where a total of 64,424 contracts have traded so far, representing approximately 6.4 million underlying shares. That amounts to about 47.8% of NEM's average daily trading volume over the past month of 13.5 million shares. Especially high volume was seen for the $35 strike call option expiring April 19, 2024, with 5,357 contracts trading so far today, representing approximately 535,700 underlying shares of NEM. Below is a chart showing NEM's trailing twelve month trading history, with the $35 strike highlighted in orange:

Magnite Inc (NASDAQ:MGNI) saw options trading volume of 5,754 contracts, representing approximately 575,400 underlying shares or approximately 46.7% of MGNI's average daily trading volume over the past month, of 1.2 million shares. Especially high volume was seen for the $10 strike call option expiring March 15, 2024, with 1,890 contracts trading so far today, representing approximately 189,000 underlying shares of MGNI. Below is a chart showing MGNI's trailing twelve month trading history, with the $10 strike highlighted in orange:

And Piedmont Lithium Inc (NASDAQ:PLL) options are showing a volume of 3,992 contracts thus far today. That number of contracts represents approximately 399,200 underlying shares, working out to a sizeable 45.3% of PLL's average daily trading volume over the past month, of 881,825 shares. Particularly high volume was seen for the $21 strike call option expiring August 16, 2024, with 1,035 contracts trading so far today, representing approximately 103,500 underlying shares of PLL. Below is a chart showing PLL's trailing twelve month trading history, with the $21 strike highlighted in orange:

For the various different available expirations for NEM options, MGNI options, or PLL options, visit StockOptionsChannel.com.

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