Significant Options Trading Insights: SG, GOGO, CHGG

Published On: May 9, 2025 9:55 pm

Unusual Options Trading Volume Observed in Russell 3000 Components

Among the Russell 3000 index components, notable options trading was observed today in Sweetgreen Inc (Symbol: SG). So far, 46,553 contracts have changed hands, representing approximately 4.7 million underlying shares. This volume is about 106.5% of SG’s average daily trading volume over the past month, which stands at 4.4 million shares.

A significant amount of activity centered around the $15 strike call option set to expire on May 16, 2025, where 10,226 contracts have traded, equating to roughly 1.0 million underlying shares of SG. Below is a chart displaying SG’s trailing twelve-month trading history, with the $15 strike highlighted in orange:

Trading Chart for Sweetgreen Inc

Another active player, Gogo Inc (Symbol: GOGO), has recorded an options volume of 11,701 contracts today. This figure reflects approximately 1.2 million underlying shares, a significant 102.3% of GOGO’s average daily trading volume of 1.1 million shares over the past month.

High volume was noted for the $11 strike call option expiring May 16, 2025, with 2,040 contracts trading, representing about 204,000 underlying shares of GOGO. The following chart illustrates GOGO’s trailing twelve-month trading history, highlighting the $11 strike in orange:

Trading Chart for Gogo Inc

Chegg Inc (Symbol: CHGG) is also witnessing significant option activity today with 14,875 contracts traded. This translates to approximately 1.5 million underlying shares, amounting to 93.8% of CHGG’s average daily trading volume of 1.6 million shares in the past month.

The $1 strike call option expiring May 16, 2025, has particularly high volume, with 5,303 contracts traded, representing about 530,300 underlying shares of CHGG. Below is a chart showing CHGG’s trailing twelve-month trading history, with the $1 strike highlighted in orange:

Trading Chart for Chegg Inc