Birds Eye View: Bumble, Micron, and Despegar Make Waves in Options Trading

Major Action in Bumble Inc. Options

Looking at the trading activity among the components of the Russell 3000 index, Bumble Inc (Symbol: BMBL) stands out today. A total of 20,486 options contracts have been traded, indicating roughly 2.0 million underlying shares. This volume is approximately 92.9% of BMBL’s average daily trading volume for the past month, which is 2.2 million shares.

The $6.50 strike put option, set to expire on January 31, 2025, has attracted considerable attention, with 20,051 contracts traded today, representing around 2.0 million underlying shares. Below is a chart highlighting BMBL’s options trading history over the past twelve months, with the $6.50 strike marked in orange:

Micron Technology Sees Increased Options Volume

In another notable development, Micron Technology Inc. (Symbol: MU) is also experiencing significant options trading activity. Today, 208,328 contracts have been traded, amounting to approximately 20.8 million underlying shares, or 76.4% of MU’s average daily trading volume of 27.3 million shares over the past month.

The $96 strike call option expiring on December 27, 2024, is particularly active, with 21,708 contracts changing hands today, representing about 2.2 million underlying shares. Below is a chart illustrating MU’s trading history over the last twelve months, with the $96 strike highlighted in orange:

Despegar.com Corp’s Options Activity

Despegar.com Corp (Symbol: DESP) has also reported robust options trading, with a volume of 8,107 contracts, representing around 810,700 underlying shares. This is about 76% of DESP’s average daily trading volume of 1.1 million shares over the past month.

The $17.50 strike call option, set to expire on April 17, 2025, has been particularly active, with 5,399 contracts traded today, accounting for roughly 539,900 underlying shares. Here’s a chart showcasing DESP’s options trading history for the trailing twelve months, with the $17.50 strike marked in orange:

For more details on the various expirations available for BMBL, MU, or DESP options, visit StockOptionsChannel.com.

Check 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 those of Nasdaq, Inc.