Surge in Options Trading Volume Highlights Activity in Russell 3000 Stocks

Major Players: Soleno Therapeutics, Cardinal Health, and Digimarc See Increased Interest

In the Russell 3000 index today, notable options trading activity has been recorded, particularly with Soleno Therapeutics Inc (Symbol: SLNO). So far, 2,426 contracts have been traded, which equates to roughly 242,600 underlying shares. This volume represents about 60.6% of SLNO’s average daily trading volume over the past month, which stands at 400,495 shares. The $55 strike call option set to expire on April 17, 2025, showed especially high interest, with 1,082 contracts exchanged, accounting for approximately 108,200 underlying shares of SLNO. Below is a chart illustrating SLNO’s trading history from the past twelve months, with the $55 strike highlighted in orange:

Cardinal Health, Inc. (Symbol: CAH) is another company drawing significant options trading interest today, with 14,315 contracts exchanged, representing approximately 1.4 million underlying shares. This volume constitutes a notable 55.6% of CAH’s average daily trading volume over the past month, recorded at 2.6 million shares. Particularly, the $125 strike put option expiring on March 21, 2025, has garnered attention, with 2,540 contracts traded, which translates to around 254,000 underlying shares of CAH. The following chart captures CAH’s trading activity over the past year, with the $125 strike emphasized in orange:

Digimarc Corp (Symbol: DMRC) has also experienced a boost in options trading, with 816 contracts changing hands today. This figure represents about 81,600 underlying shares, amounting to approximately 53.9% of DMRC’s average daily trading volume of 151,515 shares. The $40 strike call option due on March 21, 2025, stands out, with 505 contracts traded, corresponding to about 50,500 underlying shares of DMRC. Below is the chart showcasing DMRC’s trading history for the last year, highlighting the $40 strike in orange:

For a comprehensive look at various expiration options available for SLNO, CAH, or DMRC, visit StockOptionsChannel.com.

Check Out 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 those of Nasdaq, Inc.