Options Trading Volume Spikes for DraftKings, GM, and IBM

Today’s trading session has revealed significant activity in options for several major companies, including DraftKings, General Motors, and IBM.

Increased Activity for DraftKings Inc

DraftKings Inc (Symbol: DKNG) has attracted notable attention with options trading volume reaching 45,966 contracts, which equates to approximately 4.6 million underlying shares. This trading volume accounts for about 56.9% of DKNG’s average daily trading volume over the last month, which stands at 8.1 million shares. A particular focus was on the $37 strike put option set to expire on October 25, 2024, where 4,193 contracts, or about 419,300 underlying shares, were traded today. Below is a chart illustrating DKNG’s trading history over the past year, with the $37 strike clearly marked in orange:

General Motors Shows Strong Options Activity

General Motors Co (Symbol: GM) also reported a busy trading day, with a total of 70,547 contracts traded, representing approximately 7.1 million underlying shares. This figure constitutes around 56.4% of GM’s average daily trading volume of 12.5 million shares over the previous month. The $49 strike call option expiring on October 25, 2024, was particularly active, with 4,791 contracts traded today, accounting for about 479,100 underlying shares. Below, you can see GM’s trailing twelve-month trading history, highlighting the $49 strike in orange:

IBM’s Options Trading Volume Ramps Up

International Business Machines Corp (Symbol: IBM) recorded an options trading volume of 19,589 contracts. This translates to approximately 2.0 million underlying shares, representing a considerable 55.2% of IBM’s average daily trading volume of 3.5 million shares over the last month. The $220 strike put option expiring on November 15, 2024, saw heightened activity today, with 3,211 contracts traded, reflecting about 321,100 underlying shares. Below is the trading history chart for IBM, with the $220 strike highlighted in orange:

To explore the various expiration options available for DKNG, GM, or IBM, you may visit StockOptionsChannel.com.

Check out Today’s Most Active Call & Put Options of the S&P 500 »

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