Significant Tuesday Options Movement: DBI, DKNG, SGHC

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Today, Designer Brands Inc (DBI) reported notable options trading activity with 4,043 contracts exchanged, covering about 404,300 underlying shares. This represents approximately 66.6% of DBI’s average daily trading volume of 606,740 shares over the past month. The highest volume was observed for the $7.50 strike call option expiring October 16, 2026, where 1,617 contracts were traded, equating to around 161,700 underlying shares.

DraftKings Inc (DKNG) saw a substantial options volume with 72,834 contracts traded, representing roughly 7.3 million underlying shares. This is 62.3% of DKNG’s average daily trading volume of 11.7 million shares in the last month. The $27 strike call option expiring June 12, 2026, had 3,720 contracts traded, amounting to about 372,000 underlying shares.

Super Group Ltd (SGHC) recorded 23,607 options contracts, translating to approximately 2.4 million underlying shares, which is 59.6% of its average daily trading volume of 4.0 million shares. The most significant volume for SGHC was for the $10.75 strike call option expiring July 17, 2026, with 10,346 contracts traded, representing around 1.0 million underlying shares.

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