Surge in Options Trading: Insmed, Marathon Digital, and Allegro MicroSystems Stand Out

Insmed Inc (Symbol: INSM) Sees Significant Activity

Looking at the trading patterns for companies in the Russell 3000 index, Insmed Inc (Symbol: INSM) has drawn attention today. The company has experienced a total volume of 18,526 options contracts traded, which translates to about 1.9 million underlying shares, since each contract represents 100 shares. This figure indicates a remarkable 152% rise compared to INSM’s average daily trading volume of 1.2 million shares over the past month. Notably, the $65 strike put option set to expire on January 17, 2025, was particularly active, with 6,108 contracts traded, affecting around 610,800 underlying shares of INSM. Below is a visual representation of INSM’s trading history over the last twelve months, highlighting the $65 strike in orange:

Marathon Digital Holdings Inc (Symbol: MARA) Reports Impressive Volume

Marathon Digital Holdings Inc (Symbol: MARA) has also seen a dramatic spike in options trading today. The trading volume reached 725,762 contracts, equivalent to about 72.6 million underlying shares. This represents roughly 151% of MARA’s average daily trading volume of 48.1 million shares over the past month. The $25 strike call option, expiring on November 15, 2024, experienced especially high activity, with 44,708 contracts traded, which corresponds to approximately 4.5 million underlying shares of MARA. Below is a chart outlining MARA’s trading history for the last twelve months, with the $25 strike highlighted:

Allegro MicroSystems Inc (Symbol: ALGM) Joins the Trend

Allegro MicroSystems Inc (Symbol: ALGM) is another company exhibiting heightened options trading activity. They reported a total of 21,705 contracts traded, amounting to approximately 2.2 million underlying shares. This volume is about 119.3% of ALGM’s average daily trading volume of 1.8 million shares over the last month. Most noteworthy was the activity surrounding the $17.50 strike put option expiring on December 20, 2024, where 21,505 contracts were traded, representing roughly 2.2 million underlying shares. The chart below showcases ALGM’s trading history over the past twelve months, with the $17.50 strike highlighted in orange:

For additional information regarding the available expirations for INSM options, MARA options, or ALGM options, please visit StockOptionsChannel.com.

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

Also see:

• Selling Puts For Income
• Institutional Holders of CPLP
• UPAR Videos

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