Heavy Options Trading Observed in Block Inc, DraftKings Inc, and MBIA Inc

Traders are making significant moves in the options market today, particularly for Block, DraftKings, and MBIA. Here’s a closer look at the activity.

Block Inc (Symbol: XYZ) Sees Elevated Options Volume

Block Inc (Symbol: XYZ) has experienced remarkable options trading today, with a total of 84,671 contracts exchanged. This volume equates to about 8.5 million underlying shares, as each contract represents 100 shares. This figure represents 139% of XYZ’s average daily trading volume of 6.1 million shares over the past month. Notably, the $90 strike call option set to expire on February 07, 2025, has garnered high interest, with 11,241 contracts traded today, corresponding to roughly 1.1 million underlying shares. Below is a chart detailing XYZ’s trading history over the last twelve months, highlighting the $90 strike in orange:

DraftKings Inc (Symbol: DKNG) Options Volume Also High

Options activity in DraftKings Inc (Symbol: DKNG) has also been robust today, with 87,941 contracts traded. This number translates to approximately 8.8 million underlying shares, which is 117% of DKNG’s average daily trading volume of 7.5 million shares over the past month. A particular highlight was the $45 strike call option expiring on February 14, 2025, which saw 19,123 contracts traded, representing around 1.9 million underlying shares. The following chart outlines DKNG’s twelve-month trading performance, with the $45 strike marked in orange:

MBIA Inc (Symbol: MBI) Reports Strong Options Activity

MBIA Inc (Symbol: MBI) has noted options trading volume of 4,457 contracts today, which corresponds to approximately 445,700 underlying shares. This amount accounts for about 96.2% of MBI’s average daily volume of 463,545 shares over the past month. A significant number of trades centered around the $6 strike call option expiring on May 16, 2025, with 2,114 contracts exchanged today, representing about 211,400 underlying shares. Below is a chart illustrating MBI’s trading activity for the past year, with the $6 strike highlighted in orange:

Explore Options for XYZ, DKNG, and MBI

If you’d like to explore further options for XYZ, DKNG, or MBI, visit StockOptionsChannel.com.

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