Options Trading Insights: SoFi, Spotify, and Omeros Show Strong Activity
Among the notable components of the Russell 3000 index, SoFi Technologies Inc. (Symbol: SOFI) exhibited significant options trading today. A total of 419,894 contracts have exchanged hands, translating to approximately 42.0 million underlying shares. This figure constitutes about 68.1% of SOFI’s average daily trading volume of 61.7 million shares over the past month. Notably, the $13 strike put option, expiring on June 20, 2025, saw a particularly high volume of 61,348 contracts traded, representing around 6.1 million underlying shares of SOFI. Below is a chart displaying SOFI’s trailing twelve-month trading history, with the $13 strike highlighted in orange:
Spotify Technology SA (Symbol: SPOT) also reported strong options trading, with a volume of 17,541 contracts, or about 1.8 million underlying shares. This accounts for approximately 63.9% of SPOT’s average daily trading volume of 2.7 million shares over the last month. The $650 strike call option, expiring on May 16, 2025, showed particularly high activity, with 1,128 contracts traded today, representing about 112,800 underlying shares of SPOT. Below is a chart of SPOT’s trailing twelve-month trading history, with the $650 strike highlighted in orange:
In addition, Omeros Corp (Symbol: OMER) reported an options trading volume of 3,146 contracts today, equating to approximately 314,600 underlying shares. This represents a notable 62.5% of OMER’s average daily trading volume of 503,460 shares over the past month. The $3 strike call option, expiring on May 16, 2025, also experienced considerable volume with 400 contracts traded, corresponding to roughly 40,000 underlying shares of OMER. Below is a chart depicting OMER’s trailing twelve-month trading history, with the $3 strike highlighted in orange:
For more information on the various expirations available for SOFI, SPOT, or OMER options, visit StockOptionsChannel.com.
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
