Options Trading Sparks Activity in Russell 3000 Components
Major fluctuations in options trading were observed today, particularly within Sphere Entertainment Co (SPHR), Affirm Holdings Inc (AFRM), and Coinbase Global Inc (COIN).
Sphere Entertainment Co Experiences Surge in Options Trading
Sphere Entertainment Co (Symbol: SPHR) has seen significant options trading today, with a total volume of 15,527 contracts. This volume translates to approximately 1.6 million underlying shares, as each contract represents 100 shares. Notably, this figure amounts to 208.6% of SPHR’s average daily trading volume of 744,440 shares over the past month. The $50 strike call option expiring on February 21, 2025, has captured attention with 4,508 contracts traded, equating to around 450,800 underlying shares of SPHR. Below is a chart illustrating SPHR’s trading history over the past twelve months, highlighting the $50 strike in orange:
Affirm Holdings Inc Sees Active Options Trading
Affirm Holdings Inc (Symbol: AFRM) recorded an impressive options trading volume of 196,423 contracts today, representing about 19.6 million underlying shares. This figure is roughly 169.7% of AFRM’s average daily trading volume of 11.6 million shares over the previous month. A significant volume surge occurred for the $65 strike call option set to expire on November 22, 2024, with 40,662 contracts traded, equating to around 4.1 million underlying shares of AFRM. Below is a chart depicting AFRM’s trading history from the past year, with the $65 strike indicated in orange:
Coinbase Global Inc Witnesses Robust Options Activity
Coinbase Global Inc (Symbol: COIN) also reported significant options volumes today, with a total of 253,205 contracts traded. This corresponds to approximately 25.3 million underlying shares, which represents a sizable 150.7% of COIN’s average daily trading volume of 16.8 million shares over the last month. A substantial spike occurred with the $320 strike call option set to expire on December 13, 2024, where 16,926 contracts were traded, translating to about 1.7 million underlying shares of COIN. Below is a chart showing COIN’s trading activity for the past twelve months, with the $320 strike highlighted in orange:
For more information on the available expirations for SPHR, AFRM, or COIN options, visit StockOptionsChannel.com.
Today’s Most Active Call & Put Options of the S&P 500 »
Also see:
- PERI YTD Return
- ALJJ shares outstanding history
- Institutional Holders of NCP
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
