Adobe Inc (Symbol: ADBE) experienced significant options trading today with 32,666 contracts exchanged, amounting to about 3.3 million underlying shares, which is 74.3% of its average daily volume of 4.4 million shares. Notably, 2,451 contracts of the $400 strike put option expiring on July 18, 2025, were traded, representing approximately 245,100 underlying shares.
Sable Offshore Corp (Symbol: SOC) reported 18,369 options contracts traded today, equaling around 1.8 million underlying shares, or 74.2% of its average daily volume of 2.5 million shares. High activity was noted in the $17.50 strike put option expiring on January 15, 2027, with 10,319 contracts traded, representing approximately 1.0 million underlying shares.
Praxis Precision Medicines Inc (Symbol: PRAX) saw options trading volume of 2,403 contracts, equivalent to about 240,300 underlying shares and 71.5% of its average daily volume of 336,255 shares. There was heightened activity for the $80 strike call option expiring on August 15, 2025, with 900 contracts traded, corresponding to approximately 90,000 underlying shares.
