Highlighted Tuesday Options Trading: MSTR, AMBA, SOC

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**Trading Activity Summary: September 26, 2023**

On September 26, 2023, notable options trading activity was observed in companies within the Russell 3000 index. Strategy Inc (MSTR) reported a trading volume of 412,967 contracts, equivalent to approximately 41.3 million underlying shares. This figure represents 151.4% of MSTR’s average daily trading volume of 27.3 million shares for the past month. Significant activity included 23,175 contracts for the $80 strike put option expiring on July 2, 2026, approximately 2.3 million underlying shares.

Ambarella, Inc. (AMBA) also saw considerable options trading, with 21,293 contracts traded, representing about 2.1 million underlying shares or 142.6% of its average daily volume of 1.5 million shares. The $35 strike put option, expiring on August 21, 2026, garnered 1,535 contracts, equating to roughly 153,500 underlying shares.

Additionally, Sable Offshore Corp (SOC) recorded a volume of 64,685 contracts today, translating to 6.5 million underlying shares and 139.5% of its average daily trading volume of 4.6 million shares. The most active option was the $15 strike call expiring on July 17, 2026, with 19,484 contracts traded, representing approximately 1.9 million underlying shares.

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