Volume Surges: DKS, RILY, SMCI Options in Focus

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Dick’s Sporting Goods, Inc (DKS):

Trading chaos ensued as options for Dick’s Sporting Goods Inc. (DKS) took the stage Tuesday, with a total of 36,418 contracts changing hands – equivalent to a staggering 3.6 million underlying shares. This tumultuous activity represented a colossal 200.8% of DKS’s average daily trading volume over the past month. Investors honed in on the $115 strike put option set to expire June 21, 2024, with a mind-boggling 10,822 contracts traded so far, involving approximately 1.1 million underlying shares. A visual representation of DKS’s recent trading history, with the $115 strike highlighted in orange, paints a vivid picture of the whirlwind:

Loading chart - 2024 TickerTech.com

B. Riley Financial Inc (RILY):

Diving into B. Riley Financial Inc (RILY), the options market witnessed a flurry of 15,019 contracts changing hands. This surge in activity translated to about 1.5 million underlying shares, constituting a substantial 101.1% of RILY’s average daily trading volume over the past month. Noteworthy attention was drawn to the $2.50 strike put option expiring October 18, 2024, with 1,000 contracts traded so far, representing approximately 100,000 underlying shares. The chart below showcases RILY’s recent trading journey, with the $2.50 strike highlighted in a vibrant orange hue:

Loading chart - 2024 TickerTech.com

Super Micro Computer Inc (SMCI):

Shedding light on Super Micro Computer Inc (SMCI), the options frenzy saw a whopping 88,153 contracts exchanged hands. This surge of activity equated to around 8.8 million underlying shares, representing a substantial 98.3% of SMCI’s average daily trading volume over the past month, which stood at 9.0 million shares. The $1100 strike call option expiring April 05, 2024, emerged as a focal point with 5,552 contracts traded so far, involving approximately 555,200 underlying shares. Delve into the intricacies of SMCI’s recent trading saga in the chart below, highlighting the $1100 strike in a captivating orange hue:

Loading chart - 2024 TickerTech.com

For further exploration of the myriad expiration opportunities for DKS, RILY, or SMCI options, navigate to StockOptionsChannel.com.

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The author’s views and opinions expressed herein do not necessarily mirror those of Nasdaq, Inc.

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