Significant options trading was observed today in major companies within the Russell 3000 index. Booking Holdings Inc (BKNG) reported a trading volume of 2,871 contracts, equivalent to approximately 287,100 underlying shares, which is 146.9% of its average daily trading volume of 195,475 shares over the past month. A notable portion of this volume consisted of 183 contracts for the $5300 strike put option expiring on July 18, 2025, representing around 18,300 underlying shares.
Coinbase Global Inc (COIN) experienced an even larger volume with 208,970 contracts traded today, correlating to about 20.9 million underlying shares, or 129.2% of its average daily volume of 16.2 million shares. The highest activity was noted for the $262.50 strike call option expiring on June 13, 2025, with 16,705 contracts traded, representing roughly 1.7 million underlying shares.
Burford Capital Limited (BUR) had a trading volume of 16,118 contracts, approximately 1.6 million underlying shares, representing 121.6% of its average daily volume of 1.3 million shares. The most significant volume was for the $10 strike put option expiring on August 15, 2025, with 8,008 contracts traded, equating to around 800,800 underlying shares.
