Options Trading Insights: Rocket Companies, CloudFlare, and Abbott Laboratories Lead the Pack

Rocket Companies (RKT) Sees Significant Put Option Activity

Looking at the options trading for Rocket Companies Inc Class A (Symbol: RKT), today’s activity stands out. A total of 14,900 contracts have been traded, which corresponds to about 1.5 million underlying shares since each contract represents 100 shares. This volume is approximately 49.3% of RKT’s average daily trading volume over the last month, which is 3.0 million shares.

The $16 strike put option expiring on November 08, 2024, has garnered the most interest, with 8,065 contracts traded today, reflecting around 806,500 underlying shares of RKT. Below is a chart showcasing RKT’s trading history for the last twelve months, with the $16 strike indicated in orange:

CloudFlare (NET) Exhibits Strong Options Trading Volume

CloudFlare Inc (Symbol: NET) also displays impressive options trading activity, with 11,250 contracts traded today. This equates to about 1.1 million underlying shares and makes up approximately 49.1% of NET’s average daily trading volume, which sits at 2.3 million shares.

The $80 strike put option expiring on November 15, 2024, is particularly notable, as 1,962 contracts have been traded, representing around 196,200 underlying shares of NET. Below is NET’s trading history over the past twelve months, with the $80 strike highlighted in orange:

Abbott Laboratories (ABT) Sees High Volume in Options Trading

Meanwhile, Abbott Laboratories (Symbol: ABT) reported an options trading volume of 25,134 contracts, which translates to about 2.5 million underlying shares. This volume represents roughly 48.8% of ABT’s average daily trading volume over the last month, which is 5.2 million shares.

The $119 strike call option expiring on November 01, 2024, has been popular, with 2,015 contracts traded today, equaling approximately 201,500 underlying shares of ABT. Below is a chart illustrating ABT’s trading history over the past year, with the $119 strike marked in orange:

For more information on the available options for RKT, NET, or ABT, check out StockOptionsChannel.com.

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