Surge in Options Trading: Dropbox, Palantir, and SoFi Make Headlines

Significant Activity Noted for Dropbox Inc. (DBX)

Among the components of the Russell 3000 index, Dropbox Inc (Symbol: DBX) has attracted impressive options trading volume today. A total of 12,488 contracts have been traded, equating to about 1.2 million underlying shares. This figure makes up approximately 54.2% of DBX’s average daily trading volume for the past month, which stands at 2.3 million shares. Notably, the $20 strike put option expiring on January 17, 2025, drew significant attention, with 11,607 contracts traded today—approximately 1.2 million underlying shares represented. Below is a chart illustrating DBX’s trailing twelve-month trading history, with the $20 strike highlighted in orange:

Palantir Technologies Inc. (PLTR) Sees Robust Options Activity

Palantir Technologies Inc (Symbol: PLTR) also witnessed substantial options trading, with 253,694 contracts exchanged, reflecting around 25.4 million underlying shares. This activity represents about 51.5% of PLTR’s average daily volume over the last month, which is 49.2 million shares. The $43.50 strike call option set to expire on October 25, 2024, recorded particularly high volume, reaching 13,099 contracts traded today—equivalent to roughly 1.3 million underlying shares. The following chart depicts PLTR’s trading history over the past year, with the $43.50 strike highlighted in orange:

SoFi Technologies Inc. (SOFI) Reports Increased Options Trading

SoFi Technologies Inc (Symbol: SOFI) experienced notable options trading activity today, with a total of 227,704 contracts traded, representing approximately 22.8 million underlying shares. This amounts to about 51.3% of SOFI’s average daily trading volume of 44.4 million shares over the past month. The $10.50 strike put option expiring on October 25, 2024, saw significant interest, with 17,901 contracts traded, accounting for approximately 1.8 million underlying shares. Below is a chart detailing SOFI’s trading history over the last twelve months, with the $10.50 strike highlighted in orange:

For more information on the various expirations available for DBX, PLTR, or SOFI options, visit StockOptionsChannel.com.

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