Heavy Trading in Coinbase, CloudFlare, and Virgin Galactic Options

Options trading saw a significant uptick today for several companies within the Russell 3000 index, highlighting investor interest.

Coinbase Global Inc (Symbol: COIN) Under Spotlight

In an impressive display, Coinbase Global Inc recorded an options trading volume of 65,790 contracts, which corresponds to roughly 6.6 million underlying shares. This figure represents about 82.2% of COIN’s average daily trading volume over the past month, which stands at 8.0 million shares. The $275 strike call option expiring on February 14, 2025, drew particular attention, with 3,124 contracts trading today, equating to approximately 312,400 underlying shares. The chart below illustrates COIN’s trading history over the last twelve months, with the $275 strike clearly marked in orange:

CloudFlare Inc (Symbol: NET) Sees Strong Activity

CloudFlare Inc also experienced healthy trading activity, with 31,775 options contracts traded today. This translates to approximately 3.2 million underlying shares, equating to 80.4% of NET’s average daily trading volume of 4.0 million shares over the last month. The $170 strike put option, set to expire on February 14, 2025, was notably active with 2,103 contracts trading, representing about 210,300 underlying shares. Below is the chart of NET’s trading history, with the $170 strike highlighted:

Virgin Galactic Holdings Inc (Symbol: SPCE) Experiences Volume Surge

Virgin Galactic Holdings Inc recorded an options trading volume of 16,824 contracts, which approximates to 1.7 million underlying shares or about 78.8% of SPCE’s average daily trading volume of 2.1 million shares in the past month. The $4.50 strike call option, expiring on February 14, 2025, saw a marked increase in activity, with 5,889 contracts trading today, representing roughly 588,900 underlying shares. The chart below provides an overview of SPCE’s twelve-month trading history, with the $4.50 strike highlighted:

To explore the various available expirations for COIN, NET, or SPCE options, please visit StockOptionsChannel.com.

Active Call and Put Options within the S&P 500 »

Also see:

• BGT Dividend History
• Institutional Holders of PPHI
• SAH Next Dividend Date

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