Surge in Options Trading Volume for Sphere Entertainment, Dollar General, and Datadog

Investors are taking note as options activity spikes in several key companies, including Sphere Entertainment Co., Dollar General Corp, and Datadog Inc.

Among the stocks in the Russell 3000 index, Sphere Entertainment Co (Symbol: SPHR) has experienced significant options trading today. A total of 3,519 contracts have changed hands, correlating to about 351,900 underlying shares. This volume is around 41.8% of SPHR’s average daily trading volume, which is 842,265 shares over the last month. The $42.50 strike call option, expiring on January 17, 2025, commanded notable attention, with 1,274 contracts traded, representing approximately 127,400 shares. Below is a chart depicting SPHR’s trading history over the past year, highlighting the $42.50 strike in orange:

Dollar General Corp (Symbol: DG) is also in the spotlight, with 15,252 options contracts traded today. This volume is equivalent to about 1.5 million underlying shares and constitutes 41.3% of DG’s average daily trading volume of 3.7 million shares in the past month. The $76 strike put option, expiring on January 10, 2025, was particularly active, with 2,212 contracts traded, representing 221,200 underlying shares. The chart below illustrates DG’s trading performance over the last year, with the $76 strike highlighted in orange:

Additionally, Datadog Inc (Symbol: DDOG) has seen robust options trading, with 16,841 contracts exchanged, translating to approximately 1.7 million underlying shares. This figure is roughly 41.1% of DDOG’s average daily volume, which stands at 4.1 million shares. The $120 strike put option, set to expire on February 21, 2025, attracted high activity, with 4,647 contracts traded today, amounting to approximately 464,700 underlying shares. Below is a chart showcasing DDOG’s trading trend over the past twelve months, with the $120 strike marked in orange:

For further information on the various expiration dates for options on SPHR, DG, or DDOG, visit StockOptionsChannel.com.

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 the views of Nasdaq, Inc.