Key Friday Options Insights: HSIC, DKNG, TER

Published On: November 1, 2024 8:35 pm

Surging Options Trading in Henry Schein, DraftKings, and Teradyne

Trading activity in notable stocks showcases significant options volume today, particularly for Henry Schein Inc, DraftKings Inc, and Teradyne, Inc.

Henry Schein Inc. Options Show Remarkable Activity

Among the components of the Russell 3000 index, Henry Schein Inc (Symbol: HSIC) experienced impressive options trading, with a total of 5,412 contracts exchanged. This figure equates to around 541,200 underlying shares, or about 48% of HSIC’s average daily trading volume for the past month, which stands at 1.1 million shares. A highlight was the $75 strike call option set to expire on November 15, 2024, where 2,703 contracts were traded today, reflecting approximately 270,300 underlying shares of HSIC. Below is a chart illustrating HSIC’s trading history over the past twelve months, with the $75 strike noted in orange:

HSIC Trading Chart

DraftKings Inc. Shows Strong Options Trading Volume

DraftKings Inc (Symbol: DKNG) had a robust options trading day as well, with a total of 32,751 contracts traded. This represents approximately 3.3 million underlying shares, which is about 47.4% of DKNG’s average daily trading volume of 6.9 million shares over the past month. The $37 strike call option expiring on November 1, 2024, was particularly notable, with 4,251 contracts traded, corresponding to about 425,100 underlying shares of DKNG. The chart below displays DKNG’s trading history from the last twelve months, highlighting the $37 strike:

DKNG Trading Chart

Teradyne, Inc. Options Experience Upsurge in Activity

Teradyne, Inc. (Symbol: TER) also reported significant options trading today, totaling 10,691 contracts. This trading volume is equivalent to around 1.1 million underlying shares, making up approximately 47% of TER’s average daily trading volume of 2.3 million shares in the previous month. A standout was the $95 strike put option expiring on January 17, 2025, with 5,052 contracts traded today, translating to approximately 505,200 underlying shares of TER. The chart below depicts TER’s trading history over the past twelve months, marking the $95 strike in orange:

TER Trading Chart