Options Trading Trends: Coinbase, HP Inc, and Constellation Energy Show Strong Activity

Coinbase Global Inc. Leads the Volume with Increased Options Activity

Looking at options trading within the Russell 3000 index, Coinbase Global Inc (Symbol: COIN) stands out today. The company has experienced a total trading volume of 134,317 contracts, equating to roughly 13.4 million underlying shares. This figure represents about 68.9% of COIN’s average daily trading volume over the past month, which is 19.5 million shares. The most noteworthy activity has been for the $300 strike put option set to expire on November 29, 2024, with 4,495 contracts traded today, translating to approximately 449,500 underlying shares of COIN. Below is a chart that illustrates COIN’s trading history over the last twelve months, highlighting the $300 strike in orange:

HP Inc. Sees Significant Options Volume Amidst Market Activity

Meanwhile, HP Inc (Symbol: HPQ) is not far behind, reporting an options volume of 45,446 contracts today. This volume represents about 4.5 million underlying shares, which amounts to a substantial 65.5% of HPQ’s average daily trading volume of 6.9 million shares over the past month. The $35 strike put option expiring November 29, 2024, has generated noteworthy activity, with 4,334 contracts traded today, corresponding to approximately 433,400 underlying shares of HPQ. Below is a chart showcasing HPQ’s trading history over the last year, with the $35 strike highlighted in orange:

Constellation Energy Corp. Records Strong Options Activity

Lastly, Constellation Energy Corp (Symbol: CEG) has reported options trading volume of 22,323 contracts, which represents around 2.2 million underlying shares. This volume makes up approximately 60.7% of CEG’s average daily trading volume of 3.7 million shares over the past month. The $250 strike put option expiring December 20, 2024, has seen significant trading as well, with 2,094 contracts traded today, translating to about 209,400 underlying shares of CEG. Below is a chart showing CEG’s trading activity over the past twelve months, with the $250 strike highlighted in orange:

For more details on the various expiration dates for options related to COIN, HPQ, or CEG, visit StockOptionsChannel.com.

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