Options Trading Insights: Analyzing Danaher, Nabors, and Vertiv

Today, significant options trading activity has been reported in the Russell 3000 index, particularly involving Danaher Corp, Nabors Industries, and Vertiv Holdings.

Danaher Corp Sees Strong Activity

In the options market, Danaher Corp (Symbol: DHR) has made headlines with a total trading volume of 11,863 contracts today. This amount translates to around 1.2 million shares, which is about 53.5% of DHR’s average daily trading volume of 2.2 million shares over the past month. Notably, the $275 strike call option set to expire on October 18, 2024, garnered special attention, with 2,682 contracts trading today, equivalent to approximately 268,200 underlying shares. The chart below illustrates DHR’s trading history with the highlighted $275 strike in orange:

Nabors Industries Racks Up Contracts

Nabors Industries Ltd (Symbol: NBR) reported an options trading volume of 2,112 contracts today, representing about 211,200 underlying shares or 52.9% of the company’s average daily trading volume of 398,970 shares this past month. The $95 strike call option, scheduled to expire on November 15, 2024, exhibited particularly high activity, with 684 contracts traded, which corresponds to approximately 68,400 underlying shares. The chart below displays NBR’s trading history, with the $95 strike highlighted in orange:

Vertiv Holdings Exhibits Robust Trading

Vertiv Holdings Co (Symbol: VRT) is not to be overlooked, showing a remarkable options trading volume of 33,219 contracts today. This figure represents around 3.3 million underlying shares, accounting for an impressive 48.7% of VRT’s average daily trading volume of 6.8 million shares in the last month. The $150 strike call option, also expiring on November 15, 2024, witnessed significant activity, with 4,489 contracts traded, indicating approximately 448,900 underlying shares. Below is a chart showing VRT’s trading history with the $150 strike highlighted in orange:

To explore various expiration options for DHR, NBR, or VRT, visit StockOptionsChannel.com.

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• Contrarian Outlook
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• Institutional Holders of MCY

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.