Surge in Options Trading for Marathon, Southern Company, and DraftKings

Strong Activity in Marathon Digital Holdings Inc Options

Among the key components of the Russell 3000 index, impressive options trading volume has been observed today for Marathon Digital Holdings Inc (Symbol: MARA). A total of 259,444 contracts have been traded so far, which corresponds to around 25.9 million underlying shares. This figure represents about 44.8% of MARA’s average daily trading volume, which stood at 58.0 million shares over the last month. Notably, the $20 strike call option set to expire on January 17, 2025, saw substantial activity, with 9,485 contracts trading today. This equates to approximately 948,500 underlying shares of MARA. Below is a chart showing MARA’s trading history for the past twelve months, with the $20 strike highlighted in orange:

Southern Company Options Trading Shows Notable Volume

Southern Company (Symbol: SO) has also experienced significant options trading today. A total of 16,717 contracts were traded, representing around 1.7 million underlying shares. This trading volume accounts for approximately 44% of SO’s monthly average daily volume of 3.8 million shares. Particularly high activity was noted for the $95 strike call option with an expiration date of January 17, 2025, where 15,108 contracts traded today, equating to around 1.5 million underlying shares of SO. Below is a chart detailing SO’s past twelve months of trading history, with the $95 strike emphasized in orange:

DraftKings Inc Sees Elevated Options Activity

DraftKings Inc (Symbol: DKNG) recorded a total options trading volume of 32,761 contracts, representing approximately 3.3 million underlying shares. This amounts to about 43.4% of DKNG’s average daily trading volume, which was 7.6 million shares over the past month. The $50 strike call option expiring on June 20, 2025, was particularly active today, with 10,590 contracts trading, which corresponds to approximately 1.1 million underlying shares of DKNG. Below is a chart showing DKNG’s trading history for the past twelve months, with the $50 strike clearly marked in orange:

For details regarding the various options expirations for MARA, SO, or DKNG, please visit StockOptionsChannel.com.

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

Also see:

• Top Ten Hedge Funds Holding MZOR
• AEF Historical Stock Prices
• Top Ten Hedge Funds Holding NIWM

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