Surge in Options Trading for Universal Health Services and DraftKings

Notable Activity in Russell 3000 Components

Today, options trading among companies in the Russell 3000 index is bustling, particularly with Universal Health Services, Inc. (Symbol: UHS). Traders have exchanged a total of 4,317 contracts, which equates to around 431,700 underlying shares since each contract represents 100 shares. This volume accounts for 73.2% of UHS’s average daily trading volume of 589,920 shares over the past month. A standout was the $140 strike put option set to expire on April 17, 2025, with 2,050 contracts traded today, representing about 205,000 underlying shares. Below is UHS’s trailing twelve-month trading history, with the $140 strike highlighted in orange:

American Coastal Insurance Corp (Symbol: ACIC) also had significant trading activity, with options volume reaching 1,353 contracts, equivalent to roughly 135,300 underlying shares, or about 73% of ACIC’s average daily trading volume of 185,330 shares in the past month. Notably, the $12.50 strike call option expiring on January 17, 2025, attracted 302 contracts today, which translates to approximately 30,200 underlying shares. The following chart reflects ACIC’s twelve-month trading history, highlighting the $12.50 strike in orange:

DraftKings Inc (Symbol: DKNG) also saw heavy trading activity, with a total of 57,577 contracts executed, which amounts to around 5.8 million underlying shares. This figure is approximately 69.6% of DKNG’s average daily trading volume of 8.3 million shares for the past month. A particularly strong performer was the $41 strike put option scheduled to expire on January 17, 2025, with 8,950 contracts traded today, corresponding to around 895,000 underlying shares. Below is the chart showing DKNG’s trailing twelve-month trading history, with the $41 strike highlighted in orange:

To explore various expiration options for UHS, ACIC, or DKNG, you can visit StockOptionsChannel.com.

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

Also see:

• DILA YTD Return
• Top Ten Hedge Funds Holding ONON
• Top Ten Hedge Funds Holding IBA

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