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Notable Monday Option Activity: LOCO, ASC, PINS

By Dividend Channel Staff, Monday, October 30, 3:54 PM ET

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in El Pollo Loco Holdings Inc (NASDAQ:LOCO), where a total volume of 2,526 contracts has been traded thus far today, a contract volume which is representative of approximately 252,600 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 104.6% of LOCO's average daily trading volume over the past month, of 241,530 shares. Particularly high volume was seen for the $9 strike call option expiring December 15, 2023, with 1,043 contracts trading so far today, representing approximately 104,300 underlying shares of LOCO. Below is a chart showing LOCO's trailing twelve month trading history, with the $9 strike highlighted in orange:

Ardmore Shipping Corp (NYSE:ASC) saw options trading volume of 5,047 contracts, representing approximately 504,700 underlying shares or approximately 101.3% of ASC's average daily trading volume over the past month, of 498,455 shares. Especially high volume was seen for the $12.50 strike call option expiring November 17, 2023, with 2,480 contracts trading so far today, representing approximately 248,000 underlying shares of ASC. Below is a chart showing ASC's trailing twelve month trading history, with the $12.50 strike highlighted in orange:

And Pinterest Inc (NYSE:PINS) options are showing a volume of 86,717 contracts thus far today. That number of contracts represents approximately 8.7 million underlying shares, working out to a sizeable 100.7% of PINS's average daily trading volume over the past month, of 8.6 million shares. Especially high volume was seen for the $25 strike call option expiring November 17, 2023, with 8,859 contracts trading so far today, representing approximately 885,900 underlying shares of PINS. Below is a chart showing PINS's trailing twelve month trading history, with the $25 strike highlighted in orange:

For the various different available expirations for LOCO options, ASC options, or PINS options, visit StockOptionsChannel.com.

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