Notable Tuesday Option Activity: PLRX, SIG, PNC

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Pliant Therapeutics Inc (Symbol: PLRX), where a total volume of 8,950 contracts has been traded thus far today, a contract volume which is representative of approximately 895,000 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 159.7% of PLRX's average daily trading volume over the past month, of 560,355 shares. Particularly high volume was seen for the $15 strike put option expiring February 21, 2025, with 4,000 contracts trading so far today, representing approximately 400,000 underlying shares of PLRX. Below is a chart showing PLRX's trailing twelve month trading history, with the $15 strike highlighted in orange:

Signet Jewelers Ltd (Symbol: SIG) saw options trading volume of 19,345 contracts, representing approximately 1.9 million underlying shares or approximately 154.8% of SIG's average daily trading volume over the past month, of 1.2 million shares. Especially high volume was seen for the $55 strike put option expiring January 17, 2025, with 3,303 contracts trading so far today, representing approximately 330,300 underlying shares of SIG. Below is a chart showing SIG's trailing twelve month trading history, with the $55 strike highlighted in orange:

And PNC Financial Services Group (Symbol: PNC) options are showing a volume of 27,918 contracts thus far today. That number of contracts represents approximately 2.8 million underlying shares, working out to a sizeable 148.5% of PNC's average daily trading volume over the past month, of 1.9 million shares. Especially high volume was seen for the $155 strike call option expiring January 17, 2025, with 4,260 contracts trading so far today, representing approximately 426,000 underlying shares of PNC. Below is a chart showing PNC's trailing twelve month trading history, with the $155 strike highlighted in orange:

For the various different available expirations for PLRX options, SIG options, or PNC options, visit StockOptionsChannel.com.

Today's Most Active Call & Put Options of the S&P 500 »

Also see:

• My Morning Joe Stock Watch
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