Surge in Options Trading Activity: DoorDash, PayPal, and Cytokinetics Take Center Stage

Frenzied Options Activity Highlights Market Movements

Today’s reporting from the Russell 3000 index highlights significant options trading among major companies. DoorDash Inc (Symbol: DASH) is attracting attention, as a remarkable total of 22,928 contracts have changed hands today. This trading volume indicates around 2.3 million underlying shares, achieving 61.2% of DASH’s monthly average daily trading volume of 3.7 million shares. Notably, the $215 strike call option expiring on February 28, 2025, saw the most activity, with 2,049 contracts traded, equating to approximately 204,900 underlying shares of DASH. Illustrated below is DASH’s historical trading chart, with the $215 strike clearly marked in orange:

In parallel, PayPal Holdings Inc (Symbol: PYPL) recorded options trading volume of 78,381 contracts today, representing roughly 7.8 million underlying shares. This accounts for about 60.4% of PYPL’s average daily trading volume of 13.0 million shares over the past month. The $80 strike call option, set to expire on February 28, 2025, demonstrated heightened interest, with 7,969 contracts traded for approximately 796,900 underlying shares. Below is the trading history chart for PYPL, featuring the $80 strike highlighted in orange:

Additionally, Cytokinetics Inc (Symbol: CYTK) observed an options trading volume of 10,817 contracts. This trading represents about 1.1 million underlying shares or 59.7% of CYTK’s average daily volume of 1.8 million shares for the last month. The $50 strike call option set to expire on May 16, 2025, showed increased activity, with 5,132 contracts traded, approximately equating to 513,200 underlying shares of CYTK. Below is a visual representation of CYTK’s trading activity, highlighting the $50 strike:

For additional information about available options expirations for DASH, PYPL, or CYTK, please visit StockOptionsChannel.com.

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

Also see:

• Stock Splits
• YGYI Options Chain
• Top Ten Hedge Funds Holding QUOT

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