Options Trading Activity Highlights in Russell 3000: DigitalOcean, ServiceNow, and Rocket Lab
Today, significant options trading volume has caught the attention of analysts, particularly for three companies within the Russell 3000 index: DigitalOcean Holdings Inc (Symbol: DOCN), ServiceNow Inc (Symbol: NOW), and Rocket Lab USA Inc (Symbol: RKLB).
DigitalOcean’s Impressive Call Options Volume
For DigitalOcean Holdings Inc, the trading volume reached 3,970 contracts, equivalent to approximately 397,000 shares. This figure represents about 56.3% of DOCN’s average daily trading volume over the past month, which was 705,090 shares. A notable spike was observed in the $37.50 strike call option set to expire on February 21, 2025, where 3,591 contracts have been traded thus far today, translating to about 359,100 underlying shares. Below is a chart displaying DOCN’s trading history for the past twelve months, with the $37.50 strike option highlighted in orange:
ServiceNow Shows High Options Activity
ServiceNow Inc experienced a robust trading volume of 6,542 contracts today, covering around 654,200 underlying shares. This accounts for approximately 56% of its monthly average daily volume of 1.2 million shares. Of particular interest was the $920 strike put option expiring on January 17, 2025, with 335 contracts traded so far, corresponding to around 33,500 underlying shares. The following chart illustrates NOW’s trading history over the past twelve months, with the $920 strike option marked:
Rocket Lab’s Record Options Trading
Rocket Lab USA Inc saw a remarkable trading volume of 95,517 contracts, amounting to about 9.6 million underlying shares. This figure represents approximately 55.1% of RKLB’s average daily trading volume, which stands at 17.3 million shares. High activity was particularly noted for the $26.50 strike put option expiring on January 3, 2025, with 10,705 contracts traded so far, corresponding to approximately 1.1 million underlying shares. Below is the chart showing RKLB’s trading history for the last twelve months, with the $26.50 strike highlighted in orange:
For more information on various expiration dates for options associated with DOCN, NOW, or RKLB, please visit StockOptionsChannel.com.
Today’s Most Active Call & Put Options of the S&P 500 »
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The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.