News

We provide the latest news
from the world of economics and finance

Back
08 January
Notable Monday Option Activity: HOOD, SRPT, ARDX

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Robinhood Markets Inc (Symbol: HOOD), where a total volume of 110,128 contracts has been traded thus far today, a contract volume which is representative of approximately 11.0 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 64.8% of HOOD's average daily trading volume over the past month, of 17.0 million shares. Particularly high volume was seen for the $10 strike call option expiring January 16, 2026, with 18,147 contracts trading so far today, representing approximately 1.8 million underlying shares of HOOD. Below is a chart showing HOOD's trailing twelve month trading history, with the $10 strike highlighted in orange:

Sarepta Therapeutics Inc (Symbol: SRPT) options are showing a volume of 7,526 contracts thus far today. That number of contracts represents approximately 752,600 underlying shares, working out to a sizeable 64.7% of SRPT's average daily trading volume over the past month, of 1.2 million shares. Especially high volume was seen for the $97 strike call option expiring January 19, 2024, with 1,866 contracts trading so far today, representing approximately 186,600 underlying shares of SRPT. Below is a chart showing SRPT's trailing twelve month trading history, with the $97 strike highlighted in orange:

And Ardelyx Inc (Symbol: ARDX) saw options trading volume of 36,908 contracts, representing approximately 3.7 million underlying shares or approximately 58% of ARDX's average daily trading volume over the past month, of 6.4 million shares. Particularly high volume was seen for the $10 strike call option expiring July 19, 2024, with 9,746 contracts trading so far today, representing approximately 974,600 underlying shares of ARDX. Below is a chart showing ARDX's trailing twelve month trading history, with the $10 strike highlighted in orange:

For the various different available expirations for HOOD options, SRPT options, or ARDX options, visit StockOptionsChannel.com.

IDLV Dividend History
VALV Videos
Funds Holding HCKT

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