Surge in Options Trading: Enphase, Pinterest, and Robinhood Make Headlines

Enphase Energy Takes the Lead

Looking at options trading activity among components of the Russell 3000 index, Enphase Energy Inc. (Symbol: ENPH) has emerged with notable action today. A total of 28,633 contracts have been traded, equivalent to about 2.9 million underlying shares, since each contract represents 100 shares. This substantial volume is approximately 63.6% of ENPH’s average daily trading volume over the past month, which stands at 4.5 million shares.

The standout option has been the $80 strike put, set to expire on November 08, 2024, with 1,928 contracts traded so far. This represents roughly 192,800 underlying shares. The following chart illustrates ENPH’s trading history over the past twelve months, with the $80 strike option highlighted in orange:

Pinterest Options Show Impressive Volume

In another significant move, Pinterest Inc. (Symbol: PINS) has seen options trading volume reach 39,869 contracts, which translates to about 4.0 million underlying shares. This figure accounts for approximately 63.1% of PINS’s average daily trading volume, reported at 6.3 million shares.

Highlighting the activity, the $37 strike call option, also expiring on November 08, 2024, has shown particularly high trading with 6,102 contracts exchanged thus far, representing approximately 610,200 underlying shares. The chart below captures PINS’s twelve-month trading history, with the $37 strike noted in orange:

Robinhood Joins the Trading Frenzy

Robinhood Markets Inc. (Symbol: HOOD) is making its own mark with an impressive options volume of 105,864 contracts today. This volume represents around 10.6 million underlying shares, which is about 62.2% of HOOD’s average daily trading volume of 17.0 million shares in the past month.

Instruments drawing attention include the $25 strike call option, set to expire on November 08, 2024, with 13,243 contracts traded so far, corresponding to approximately 1.3 million underlying shares. The chart below illustrates HOOD’s trading activity over the past twelve months, featuring the $25 strike in orange:

For a complete list of available expirations for ENPH, PINS, or HOOD options, visit StockOptionsChannel.com.

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

Also see:

– Top Ten Hedge Funds Holding ALL
– Top Ten Hedge Funds Holding GPK
– Gilead Sciences Technical Analysis

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