A Day of Heavy Trading in the Options Market

Options trading activity among components of the Russell 3000 index has seen some intriguing movements today in three prominent companies: DocuSign Inc. (DOCU), DoorDash Inc. (DASH), and FTAI Aviation Ltd (FTAI). Let’s dive into the numbers and see what the market is signaling through this flurry of activity.

DocuSign Inc’s 4,674 Contracts and the $59 Strike Call Option

DocuSign Inc (DOCU) has stood out with a remarkable total volume of 11,813 contracts traded today. This figure is equivalent to approximately 1.2 million underlying shares, a substantial 71.7% of DOCU’s average daily trading volume over the past month. Noteworthy attention has been garnered by the $59 strike call option expiring on April 26, 2024, with 4,674 contracts exchanged so far today, representing about 467,400 underlying shares of DOCU. The enticing $59 strike has emerged as a center stage actor amid the options frenzy for DOCU.

Examining DoorDash Inc’s 2,775 Contracts and the $135 Strike Call Option

DoorDash Inc (DASH) came into the spotlight with a robust volume of 17,626 contracts traded today, reflecting around 1.8 million underlying shares changing hands. This translates to an impressive 71.4% of DASH’s average daily trading volume over the past month. Notable interest was directed towards the $135 strike call option expiring on May 17, 2024, with 2,775 contracts swapped so far today, representing roughly 277,500 underlying shares of DASH. The captivating $135 strike has captured significant attention in today’s trading session for DASH.

FTAI Aviation Ltd’s 2,090 Contracts and the $75 Strike Call Option

FTAI Aviation Ltd (FTAI) experienced options trading volume of 6,757 contracts today, symbolizing approximately 675,700 underlying shares, which is about 67% of FTAI’s average daily trading volume over the past month. The $75 strike call option expiring on May 17, 2024, saw substantial activity with 2,090 contracts exchanged today, translating to almost 209,000 underlying shares of FTAI. The $75 strike has emerged as a focal point amidst the options action surrounding FTAI today.

For more details on expirations and availability for DOCU, DASH, or FTAI options, visit StockOptionsChannel.com.

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