Strong Options Trading Volume in DigitalOcean, Enphase Energy, and Mercury General

Among the components of the Russell 3000 index, notable options trading activity was observed today for DigitalOcean Holdings Inc (Symbol: DOCN). A total of 8,487 contracts have been traded thus far, amounting to approximately 848,700 underlying shares. This represents about 56.9% of DOCN’s average daily trading volume over the past month, which is 1.5 million shares. High volume was specifically noted for the $30 strike call option expiring on May 16, 2025, with 2,166 contracts traded today, corresponding to around 216,600 underlying shares of DOCN. Below is a chart displaying DOCN’s trailing twelve-month trading history, with the $30 strike highlighted in orange:

Enphase Energy Inc. (Symbol: ENPH) experienced significant options trading activity as well, with 30,109 contracts traded, corresponding to approximately 3.0 million underlying shares—about 54.1% of ENPH’s average daily trading volume over the last month of 5.6 million shares. Notably, high volume was recorded for the $50 strike put option expiring on June 20, 2025, where 9,097 contracts have traded, representing approximately 909,700 underlying shares of ENPH. Below is a chart showing ENPH’s trailing twelve-month trading history, highlighted at the $50 strike:

Mercury General Corp. (Symbol: MCY) also reported notable trading activity, with 1,912 contracts traded, which equates to approximately 191,200 underlying shares and about 53.6% of MCY’s average daily trading volume of 356,515 shares over the past month. The $50 strike put option expiring on May 16, 2025, saw particularly high volume, with 1,012 contracts traded today, representing around 101,200 underlying shares of MCY. Below is a chart of MCY’s trailing twelve-month trading history, featuring the $50 strike outlined in orange:

For additional information on the various expirations available for DOCN, ENPH, or MCY options, please visit StockOptionsChannel.com.

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