Notable Options Trading Activity in Russell 3000 Components

The options trading landscape today reveals significant activity among several Russell 3000 index components. Noble Corporation plc (Symbol: NE) is catching attention, with a total volume of 15,390 contracts traded so far. This volume equates to approximately 1.5 million underlying shares, considering that each contract represents 100 shares. Notably, this trading volume accounts for 47.9% of NE’s average daily trading volume over the past month, which stands at 3.2 million shares.

Among the highlighted options is the $17.50 strike put option, expiring January 15, 2027. This particular option has seen 9,001 contracts traded today, representing about 900,100 underlying shares of NE. The chart below illustrates NE’s trailing twelve-month trading history, with the $17.50 strike option marked in orange:

Shifting focus to Bath & Body Works Inc. (Symbol: BBWI), the company recorded options trading volume of 38,335 contracts. This figure represents roughly 3.8 million underlying shares, accounting for approximately 46.3% of BBWI’s average daily trading volume, which is 8.3 million shares.

The $27.50 strike put option expiring June 20, 2025, shows particularly high engagement, with 18,285 contracts traded today. This corresponds to approximately 1.8 million underlying shares of BBWI. The following chart displays BBWI’s trailing twelve-month trading history, highlighting the $27.50 strike option in orange:

DraftKings Inc. (Symbol: DKNG) is also experiencing significant options activity, with a total volume of 47,550 contracts traded today. This volume translates to approximately 4.8 million underlying shares, representing 40.2% of DKNG’s average daily trading volume of 11.8 million shares.

High demand is noted for the $52.50 strike call option expiring August 15, 2025, with 22,399 contracts traded so far, amounting to roughly 2.2 million underlying shares. The chart below shows DKNG’s trailing twelve-month trading history, with the $52.50 strike marked in orange:

For more insights on the available expirations for NE, BBWI, or DKNG options, visit StockOptionsChannel.com.

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

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• Fox Technical Analysis

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