Significant Friday Options Trading: RKT, ESTC, MTRN

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Among the underlying components of the Russell 3000 index, Rocket Companies Inc Class A (RKT) reported a substantial options trading volume of 264,916 contracts today, equating to approximately 26.5 million underlying shares. This represents about 101.3% of RKT’s average daily trading volume of 26.1 million shares over the past month. Notably, the $23 strike call option expiring March 20, 2026, saw high demand, with 88,590 contracts trading, corresponding to roughly 8.9 million underlying shares.

Elastic NV (ESTC) experienced an options trading volume of 11,535 contracts, representing around 1.2 million underlying shares—99% of its average daily trading volume of 1.2 million shares. The $80 strike call option expiring May 15, 2026, was particularly active, with 5,003 contracts traded today, totaling about 500,300 underlying shares.

Materion Corp (MTRN) saw an options trading volume of 1,208 contracts, or approximately 120,800 underlying shares, which is about 81.6% of its average daily trading volume of 148,030 shares. The $160 strike call option expiring March 20, 2026, had significant activity, with 800 contracts traded, equating to around 80,000 underlying shares.

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