Options Trading Insights: MongoDB, Praxis, and Crane Co. See Notable Activity

MongoDB Inc (MDB) Engages Investors with High Options Volume

Looking at options trading in the Russell 3000 index, MongoDB Inc (Symbol: MDB) stands out today with a total of 6,869 contracts traded. This translates to about 686,900 underlying shares, given that each contract represents 100 shares. This volume accounts for 65.4% of MDB’s average daily trading volume of 1.1 million shares over the past month. A significant portion of today’s activity involves the $230 strike put option set to expire on November 29, 2024, which has seen 2,300 contracts traded—equating to approximately 230,000 underlying shares. Below is a chart depicting MDB’s trading history over the last twelve months, highlighting the $230 strike in orange:

Praxis Precision Medicines Inc (PRAX) Shows Robust Trading Activity

Praxis Precision Medicines Inc (Symbol: PRAX) also reported notable options trading with a volume of 1,736 contracts, representing approximately 173,600 underlying shares. This figure makes up about 63.6% of PRAX’s average daily trading volume of 272,945 shares over the past month. The $50 strike put option expiring November 15, 2024, has attracted particular interest with 1,010 contracts traded today, which represents around 101,000 underlying shares. Below is a chart of PRAX’s twelve-month trading history, where the $50 strike is highlighted in orange:

Crane Co (CR) Experiences Steady Options Trading Volume

Crane Co (Symbol: CR) recorded an options trading volume of 1,402 contracts, equating to approximately 140,200 underlying shares. This volume accounts for around 62% of CR’s average daily trading volume of 226,190 shares over the past month. Notably, the $160 strike call option expiring October 18, 2024, generated significant interest with 500 contracts traded today, representing about 50,000 underlying shares. Below is a chart illustrating CR’s trading history over the last twelve months, with the $160 strike marked in orange:

For insights on various expirations available for MDB, PRAX, and CR options, visit StockOptionsChannel.com.

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