High-Octane Options Activity

Looking at today’s action in option trading among Russell 3000 index components, investors were buzzing around Dominos Pizza Inc. (DPZ), Spotify Technology SA (SPOT), and Northrop Grumman Corp (NOC). Each of these companies saw a surge in options trading, igniting a flame among market participants.

Domino’s Delight: DPZ

Dominos Pizza Inc. (DPZ) saw an unusual uptick in options trading today. The total volume of 2,197 contracts traded so far is equivalent to approximately 219,700 underlying shares. This spike accounts for a staggering 41.5% of DPZ’s average daily trading volume over the past month. Of particular interest was the $515 strike call option expiring April 05, 2024, with 400 contracts exchanging hands today, representing roughly 40,000 shares of DPZ. The charts for DPZ’s trading history unveil a dynamic landscape, with the $515 strike shining bright in orange hues.

Spotify Sensation: SPOT

Spotify Technology SA (SPOT) didn’t miss out on the options action today. With 5,880 contracts traded, equivalent to approximately 588,000 underlying shares, the buzz around SPOT was palpable. This surge in trading volume represents a robust 41.1% of SPOT’s average daily trading volume over the past month. Noteworthy was the $237.50 strike put option expiring on April 19, 2024, with 603 contracts traded today, reflecting approximately 60,300 shares of SPOT. The chart depicting SPOT’s trading history showcases the $237.50 strike standing out vividly in orange tones.

Grumman’s Glory: NOC

Northrop Grumman Corp (NOC) wasn’t left behind as options activity roared today. A substantial volume of 2,972 contracts, representing about 297,200 underlying shares, makes up an impressive 41% of NOC’s average daily trading volume over the past month. The $470 strike call option, expiring on April 12, 2024, stole the show with 595 contracts traded today, signifying around 59,500 shares of NOC. The chart displaying NOC’s trading history illuminates the $470 strike in a striking shade of orange.

For additional information on different available expirations for DPZ options, SPOT options, or NOC options, investors can explore StockOptionsChannel.com.

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Also see:

• FEEU Videos
• KLXI shares outstanding history
• DGS Options Chain

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