Noticeable Options Activity in COST, ADSK, and PENN Today

Strong options trading highlights in today’s market. Costco Wholesale Corp, Autodesk Inc, and PENN Entertainment Inc display significant contract volumes, indicating potential investor sentiment shifts in the stocks.

Date: 27-02-2025

AI Rating: 6

Options Trading Activity
Today’s report focuses on options trading activity within several notable companies listed in the Russell 3000 index, specifically Costco Wholesale Corp (COST), Autodesk Inc (ADSK), and PENN Entertainment Inc (PENN). High contract volumes were recorded for each, suggesting noteworthy investor interest and potential movements in stock prices.

Costco Wholesale Corp (COST)
COST experienced a total volume of 21,817 contracts today, which is an impressive 117.4% of its average daily trading volume of 1.9 million shares over the past month. The notable activity around the $1000 strike put option, with 903 contracts trading, indicates a significant bearish sentiment that investors are placing on the stock.

Autodesk Inc (ADSK)
ADSK reported an options trading volume of 16,029 contracts, translating to 113.4% of its average daily trading volume of 1.4 million shares. The $320 strike call option had a particularly high volume of 1,916 contracts, hinting at bullish optimism among investors looking for upward price movements.

PENN Entertainment Inc (PENN)
PENN’soptions volume reached 40,433 contracts today, accounting for 109.6% of its average daily trading volume of 3.7 million shares. High volume for the $21 strike call option indicates strong bullish activity, suggesting that investors may anticipate favorable outcomes for the company in the near future.

All these activities represent various sentiments from investors, with Costco reflecting a cautious outlook, while both Autodesk and PENN suggest optimism. Understanding these dynamics is crucial for investors as they might influence the respective stock prices significantly based on the prevailing market sentiment.

Stocks: COST ADSK PENN