Midweek Highlights: Options Trading Insights on COIN, SHLS, and RKT

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On October 12, 2023, notable options trading activity was recorded for various companies in the Russell 3000 index. Coinbase Global Inc (COIN) saw a total of 114,014 contracts traded, equating to around 11.4 million underlying shares, which is 134.7% of its average daily trading volume of 8.5 million shares. The most active option was the $325 strike call option expiring on September 26, 2025, with 7,986 contracts traded, representing approximately 798,600 underlying shares.

Shoals Technologies Group Inc (SHLS) experienced 57,585 contracts traded, approximating 5.8 million underlying shares, or about 111.5% of its average daily trading volume of 5.2 million shares. The high volume was primarily from the $8 strike call option expiring on October 17, 2025, with 14,947 contracts traded, representing around 1.5 million underlying shares.

Rocket Companies Inc (RKT) recorded a significant 244,841 contracts traded, or approximately 24.5 million underlying shares, which is 98% of its monthly average of 25 million shares. The most active option was the $19.50 strike put option expiring on September 26, 2025, with 50,382 contracts traded, representing about 5 million underlying shares.

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