Rise in Options Trading Volume for Sphere, AeroVironment, and DraftKings

In today’s trading session, the Russell 3000 index revealed significant options activity, particularly in Sphere Entertainment Co (Symbol: SPHR). A total of 3,994 contracts have exchanged hands, representing approximately 399,400 underlying shares. This figure accounts for about 56.6% of SPHR’s average daily trading volume of 705,260 shares over the last month. Notably, the $45 strike call option expiring on April 17, 2025, demonstrated heightened interest, with 1,337 contracts traded, equating to about 133,700 underlying shares of SPHR. Below is a chart illustrating SPHR’s trailing twelve-month trading history, with the $45 strike highlighted in orange:

AeroVironment, Inc. (Symbol: AVAV) also experienced active options trading, with 2,325 contracts traded, representing around 232,500 underlying shares. This figure is approximately 55.7% of AVAV’s average daily trading volume of 417,295 shares for the past month. The $120 strike put option expiring on March 21, 2025, saw particularly high activity, with 276 contracts changing hands, or about 27,600 underlying shares. Below is a chart showing AVAV’s trailing twelve-month trading history, featuring the $120 strike in orange:

DraftKings Inc (Symbol: DKNG) reported even more striking options volume, with 71,074 contracts traded so far today. This represents approximately 7.1 million underlying shares, a significant 53.6% of DKNG’s average daily trading volume over the past month of 13.3 million shares. A notable surge occurred for the $33 strike put option expiring on September 19, 2025, with 5,275 contracts changing hands, representing approximately 527,500 underlying shares. The following chart displays DKNG’s trailing twelve-month trading history, highlighting the $33 strike in orange:

For more details on the available expirations for SPHR, AVAV, or DKNG options, visit StockOptionsChannel.com.

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