High Options Trading Activity in Elastic, Zillow, and Adobe Today

Insight into Notable Trading Patterns and Volumes

In a recent analysis of options trading within the Russell 3000 index, Elastic NV (Symbol: ESTC) is experiencing significant activity. Today, a total of 8,334 contracts have been exchanged, correlating to about 833,400 underlying shares since each contract represents 100 shares. This figure is approximately 73% of ESTC’s average daily trading volume of 1.1 million shares over the past month. The standout was the $120 strike call option expiring on February 21, 2025, with 2,948 contracts—equating to around 294,800 underlying shares—changing hands today. Below is a chart illustrating ESTC’s trading history over the past twelve months, highlighting the $120 strike in orange:

Zillow Group Inc (Symbol: Z) has also seen considerable options trading, with a total of 15,717 contracts traded. This volume represents roughly 1.6 million underlying shares, or about 70.2% of Z’s average daily trading volume of 2.2 million shares over the last month. The $87 strike call option expiring on January 31, 2025, has drawn particular attention, with 9,285 contracts traded, representing around 928,500 underlying shares of Z. Below is a chart showcasing Z’s trading history over the past twelve months, with the $87 strike emphasized in orange:

Meanwhile, Adobe Inc (Symbol: ADBE) recorded a trading volume of 25,728 contracts, which translates to approximately 2.6 million underlying shares, making up around 69% of its average daily volume of 3.7 million shares for the past month. The $455 strike call option expiring on January 31, 2025, was particularly active, with 1,311 contracts traded, representing about 131,100 underlying shares of ADBE. Below is a chart showing ADBE’s trailing twelve-month trading history, with the $455 strike marked in orange:

For those interested in exploring various expiration options for ESTC, Z, and ADBE, visit StockOptionsChannel.com.

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Additional Resources:

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