Notable Friday Option Activity: PLL, GH, TA

In terms of options trading activity among constituents of the Russell 3000 Index, there was notable activity today at Piedmont Lithium Inc (Symbol: PLL), where a total volume of 4,067 contracts was traded so far today, a volume of contracts that is representative of approximately 406,700 underlying shares (given that each contract represents 100 underlying shares). This number equates to 82.1% of PLL’s average daily trading volume over the past month, or 495,070 shares. Particularly high volume was seen for the $70 strike call option expiring March 17, 2023, with 422 contracts traded so far today, representing approximately 42,200 underlying shares of PLL. Below is a chart showing PLL’s trading history over the last twelve months, with the $70 strike highlighted in orange:

Guardant Health Inc (Symbol: GH) recorded options trading volume of 13,467 contracts, representing approximately 1.3 million underlying shares or approximately 82.1% of GH’s average daily trading volume during the last month, or 1.6 million shares. Particularly high volume was seen for the $30 strike put option expiring on February 17, 2023, with 6,006 contracts traded so far today, representing approximately 600,600 underlying GH shares. Below is a chart showing GH’s trading history over the last twelve months, with the $30 strike highlighted in orange:

And TravelCenters of America Inc (Ticker: TA) options are showing 5,041 contract volume so far today. This number of contracts represents approximately 504,100 underlying stocks, or 81.6% of TA’s average daily trading volume over the past month, or 617,995 stocks. Particularly high volume was seen for the $85 strike call option expiring March 17, 2023, with 1,101 contracts traded so far today, representing approximately 110,100 underlying TA shares. Below is a chart showing TA’s trading history over the last twelve months, with the $85 strike highlighted in orange: