Surge in Options Trading for DraftKings, Matterport, and Alignment Healthcare

DraftKings Leads with Impressive Options Volume

Among the stocks in the Russell 3000 index, DraftKings Inc (Symbol: DKNG) has experienced significant options trading today. A total of 53,568 contracts were traded, which equates to approximately 5.4 million underlying shares. This activity marks about 51.9% of DKNG’s average daily trading volume, which stood at 10.3 million shares last month. The $43 strike call option set to expire on November 22, 2024, saw particularly high interest, with 7,251 contracts—about 725,100 underlying shares—traded today. Below is a chart illustrating DKNG’s trading history over the past year, with the $43 strike option highlighted in orange:

Matterport Sees Solid Options Activity

Similarly, Matterport Inc (Symbol: MTTR) has shown robust trading in its options today, with 10,554 contracts exchanged, representing approximately 1.1 million underlying shares. This reflects a strong 51.1% of MTTR’s average daily trading volume of 2.1 million shares over the past month. The $4 strike put option expiring on April 17, 2025, was particularly active, with 10,200 contracts traded today, equivalent to about 1.0 million underlying shares. Here is a chart showing MTTR’s trading history for the past twelve months, with the $4 strike highlighted in orange:

Alignment Healthcare Experiences High Options Volume

Alignment Healthcare Inc (Symbol: ALHC) is also witnessing significant options activity, with a total of 10,167 contracts traded today. This translates to approximately 1.0 million underlying shares, making up around 49.9% of ALHC’s average daily trading volume of 2.0 million shares from the previous month. A notable amount of activity surrounded the $12.50 strike call option set to expire on December 20, 2024, with 10,001 contracts traded today, representing about 1.0 million underlying shares. Below is a chart showing ALHC’s trading history over the past year, with the $12.50 strike highlighted in orange:

For more information on the various available expirations for DKNG, MTTR, or ALHC options, visit StockOptionsChannel.com.

Today’s Most Active Call & Put Options of the S&P 500 »

Also see:

• SOXQ market cap history
• Top Ten Hedge Funds Holding JPC
• Funds Holding LVLT

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