Surge in Options Trading for Arista Networks, DraftKings, and Coinbase

Options trading activity surged today among key players in the Russell 3000 index, with significant volumes logged for Arista Networks Inc (Symbol: ANET), DraftKings Inc (Symbol: DKNG), and Coinbase Global Inc (Symbol: COIN).

Arista Networks Sees 312.6% Surge in Options Volume

In Arista Networks Inc (Symbol: ANET), there were 51,838 contracts traded, equating to around 5.2 million underlying shares. This represents a remarkable 312.6% of ANET’s typical daily trading volume of 1.7 million shares over the past month. A standout was the $360 strike put option set to expire on January 17, 2025, which saw 3,879 contracts traded, totaling approximately 387,900 underlying shares. Below is a chart displaying ANET’s trading activity over the last year, with the $360 strike highlighted in orange:

DraftKings Options Volume Reaches 304.9%

Meanwhile, options for DraftKings Inc (Symbol: DKNG) demonstrated robust activity with 248,735 contracts trading, representing about 24.9 million underlying shares. This reflects a notable 304.9% of DKNG’s average daily trading volume of 8.2 million shares over the previous month. Noteworthy too, was the $40 strike call option expiring on November 08, 2024, where 17,707 contracts exchanged hands, correlating to roughly 1.8 million underlying shares. The chart below illustrates DKNG’s one-year trading history, with the $40 strike highlighted:

Coinbase Experiences 303.2% Increase in Options Activity

Coinbase Global Inc (Symbol: COIN) witnessed substantial options activity as well, with 410,218 contracts traded, amounting to approximately 41.0 million underlying shares. This figure constitutes about 303.2% of COIN’s average daily trading volume of 13.5 million shares over the past month. The $270 strike call option expiring on November 08, 2024, was particularly active, with 28,932 contracts traded, representing close to 2.9 million underlying shares. Below is a chart that captures COIN’s trading history over the last twelve months, featuring the $270 strike in orange:

For additional options expiration details related to ANET, DKNG, or COIN, visit StockOptionsChannel.com.

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