Highlighting Thursday’s Significant Options Activity: SNDK, ZS, MDB

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SanDisk Corp (SNDK) experienced significant options trading on August 28, 2023, with a total of 169,712 contracts traded, equivalent to approximately 17 million underlying shares. This volume represents 111.7% of its average daily trading volume over the past month, which was 15.2 million shares. Notably, the $1600 strike call option saw 9,498 contracts traded, impacting around 949,800 shares.

Zscaler Inc (ZS) matched this trend with options trading volume of 23,747 contracts, translating to about 2.4 million underlying shares—106.6% of its average daily volume of 2.2 million shares. The $200 strike call option was particularly active, with 1,525 contracts representing roughly 152,500 shares.

MongoDB Inc (MDB) recorded 14,337 contracts, approximately 1.4 million underlying shares, which is 97.5% of its average daily volume of 1.5 million shares. The $430 strike put option notably attracted 491 contracts, representing about 49,100 shares.

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