Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Nordstrom, Inc. (JWN), where a total volume of 25,473 contracts has been traded thus far today, a contract volume which is representative of approximately 2.5 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 71.5% of JWN's average daily trading volume over the past month, of 3.6 million shares. Particularly high volume was seen for the $16.50 strike put option expiring May 17, 2024, with 10,133 contracts trading so far today, representing approximately 1.0 million underlying shares of JWN. Below is a chart showing JWN's trailing twelve month trading history, with the $16.50 strike highlighted in orange:

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

PENN Entertainment Inc (PENN) options are showing a volume of 35,347 contracts thus far today. That number of contracts represents approximately 3.5 million underlying shares, working out to a sizeable 69% of PENN's average daily trading volume over the past month, of 5.1 million shares. Particularly high volume was seen for the $18 strike call option expiring April 26, 2024, with 5,841 contracts trading so far today, representing approximately 584,100 underlying shares of PENN. Below is a chart showing PENN's trailing twelve month trading history, with the $18 strike highlighted in orange:

And Lithia Motors Inc (LAD) saw options trading volume of 1,551 contracts, representing approximately 155,100 underlying shares or approximately 60.7% of LAD's average daily trading volume over the past month, of 255,370 shares. Especially high volume was seen for the $240 strike put option expiring June 21, 2024, with 318 contracts trading so far today, representing approximately 31,800 underlying shares of LAD. Below is a chart showing LAD's trailing twelve month trading history, with the $240 strike highlighted in orange: