High Options Trading Volumes Observed in Micron, Datadog, and Exxon Mobil
Among the components of the Russell 3000 index, significant options trading volume was noted today. Micron Technology Inc. (Symbol: MU) recorded a total of 146,562 contracts, representing about 14.7 million underlying shares. This figure corresponds to approximately 48.4% of MU’s average daily trading volume of 30.3 million shares over the past month. Notably, the $80 strike call option expiring on May 16, 2025, saw high activity, with 13,826 contracts traded today, amounting to roughly 1.4 million underlying shares of MU. Below is a chart depicting MU’s trading history over the past twelve months, with the $80 strike highlighted in orange:
Similarly, Datadog Inc. (Symbol: DDOG) experienced options trading volume of 25,615 contracts, which equates to about 2.6 million underlying shares. This represents approximately 48.3% of DDOG’s monthly average trading volume of 5.3 million shares. The $100 strike put option expiring on May 09, 2025, recorded particularly strong activity with 2,195 contracts traded, representing about 219,500 underlying shares of DDOG. Below is a chart illustrating DDOG’s trading history from the past twelve months, with the $100 strike marked in orange:
Exxon Mobil Corp (Symbol: XOM) noted a trading volume of 93,308 contracts, equivalent to approximately 9.3 million underlying shares. This amount reflects around 47.6% of XOM’s average daily trading volume over the past month, reported at 19.6 million shares. The $108 strike call option expiring on May 09, 2025, showed significant activity with 5,047 contracts traded, representing approximately 504,700 underlying shares of XOM. Below is a chart showing XOM’s trading history for the past twelve months, with the $108 strike marked in orange:
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.