Noteworthy Friday Option Activity: ADBE, PENN, BC
March 24, 2023 at 15:31 PM EDT
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Adobe Inc (ADBE), where a total volume of 30,336 contracts has been traded thus far today, a contract volume which is representative of approximately 3.0 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 73.8% of ADBE's average daily trading volume over the past month, of 4.1 million shares..