Surge in Options Trading: Block Inc., Dick’s Sporting Goods, and Penumbra Capture Attention
Significant activity is reported in the options market for key players within the Russell 3000 index today.
Block Inc. (Symbol: SQ) Sees High Volume
Today, Block Inc. has experienced considerable interest in options trading, with a total of 61,621 contracts changing hands. This volume equates to roughly 6.2 million underlying shares, considering that each contract represents 100 shares. Notably, this represents 89.5% of SQ’s average daily trading volume over the last month, which is 6.9 million shares. The $100 strike call option set to expire on January 31, 2025, has been particularly active, with 5,718 contracts traded today, corresponding to around 571,800 underlying shares. Below is a chart that displays SQ’s trading history over the past twelve months, highlighting the $100 strike in orange:
Dick’s Sporting Goods, Inc. (Symbol: DKS) in the Spotlight
Dick’s Sporting Goods has also seen significant options trading, with 10,018 contracts traded today. This figure represents about 1.0 million underlying shares, accounting for 89.4% of DKS’s average daily trading volume over the past month, which is 1.1 million shares. A spike in volume is noted for the $210 strike put option expiring on February 21, 2025, with 2,721 contracts traded, representing approximately 272,100 underlying shares. Below is a chart illustrating DKS’s trading history over the last twelve months, with the $210 strike highlighted in orange:
Penumbra Inc. (Symbol: PEN) Trading Activity
Lastly, Penumbra Inc. has reported an options trading volume of 2,868 contracts today, which reflects approximately 286,800 underlying shares. This amount corresponds to about 82.3% of PEN’s average daily trading volume for the past month, totaling 348,280 shares. The $260 strike call option expiring on January 17, 2025, has seen high activity, with 2,255 contracts traded today, accounting for roughly 225,500 underlying shares. Below is a chart depicting PEN’s trading history over the last twelve months, with the $260 strike highlighted in orange:
For more options and expirations for SQ, DKS, or PEN, visit StockOptionsChannel.com.
Explore Today’s Most Active Call & Put Options of the S&P 500 »
Additional Resources:
- Energy Dividend Stock List
- Funds Holding IIII
- IRCP Stock Predictions
The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
