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Exploring Noteworthy Thursday Option Activity in Tech Stocks

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Exploring Noteworthy Thursday Option Activity in Tech Stocks

Option Volume Spikes in COIN with $210 Strike Call Option

In the realm of options trading today, attention is drawn to Coinbase Global Inc (COIN), where an impressive total volume of 218,411 contracts has been exchanged. This volume represents about 21.8 million underlying shares, a number substantially higher than COIN’s average daily trading volume of 14.4 million shares. The magnified activity was most prominent with the $210 strike call option expiring March 01, 2024, which saw 15,117 contracts traded, equivalent to roughly 1.5 million COIN shares. The surge is portrayed vividly in the chart below, highlighting COIN’s trading history with the $210 strike in blazing orange:

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SMCI Reaches High Volume Amidst $900 Strike Call Option Activities

Super Micro Computer Inc (SMCI) is not left behind in the options realm, boasting a remarkable volume of 206,381 contracts traded today. This figure translates to approximately 20.6 million underlying shares, a substantial increase compared to the 16.2 million shares usual daily trading volume. Particularly high activity was observed with the $900 strike call option expiring March 01, 2024, witnessing 15,085 contracts exchanged, accounting for about 1.5 million shares of SMCI. The surging interest in SMCI options is aptly showcased in the chart displaying SMCI’s trading history with the $900 strike highlighted:

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Intense Options Trading in MDB with $445 Strike Put Option

Turning to MongoDB Inc (MDB), options trading depicts a considerable volume of 14,736 contracts traded today. This figure represents approximately 1.5 million underlying shares, a significant surge from MDB’s typical daily trading volume of 1.3 million shares. Noteworthy activity surrounds the $445 strike put option expiring March 01, 2024, with 771 contracts traded, accounting for around 77,100 MDB shares. The heightened interest in MDB options is clearly illustrated in the chart below, highlighting MDB’s trading history with the $445 strike in vibrant orange:

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For additional information on various expiration options on COIN, SMCI, and MDB options, visit StockOptionsChannel.com.

Want more on today’s market options? Check out Today’s Most Active Call & Put Options of the S&P 500.

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Providing insights and opinions, this article expresses the views of the author and not necessarily those of Nasdaq, Inc.