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16 May
Noteworthy Thursday Option Activity: AIG, DKNG, SAGE

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in American International Group Inc (Symbol: AIG), where a total of 27,565 contracts have traded so far, representing approximately 2.8 million underlying shares. That amounts to about 72.2% of AIG's average daily trading volume over the past month of 3.8 million shares. Particularly high volume was seen for the $77.50 strike put option expiring June 21, 2024, with 7,041 contracts trading so far today, representing approximately 704,100 underlying shares of AIG. Below is a chart showing AIG's trailing twelve month trading history, with the $77.50 strike highlighted in orange:

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DraftKings Inc (Symbol: DKNG) options are showing a volume of 58,835 contracts thus far today. That number of contracts represents approximately 5.9 million underlying shares, working out to a sizeable 60.5% of DKNG's average daily trading volume over the past month, of 9.7 million shares. Especially high volume was seen for the $46.50 strike call option expiring May 17, 2024, with 11,065 contracts trading so far today, representing approximately 1.1 million underlying shares of DKNG. Below is a chart showing DKNG's trailing twelve month trading history, with the $46.50 strike highlighted in orange:

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And Sage Therapeutics Inc (Symbol: SAGE) options are showing a volume of 6,601 contracts thus far today. That number of contracts represents approximately 660,100 underlying shares, working out to a sizeable 58.8% of SAGE's average daily trading volume over the past month, of 1.1 million shares. Especially high volume was seen for the $10 strike call option expiring June 21, 2024, with 3,613 contracts trading so far today, representing approximately 361,300 underlying shares of SAGE. Below is a chart showing SAGE's trailing twelve month trading history, with the $10 strike highlighted in orange:

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For the various different available expirations for AIG options, DKNG options, or SAGE options, visit StockOptionsChannel.com.

Also see:

Microchip Technology Technical Analysis
Funds Holding BTDR
BASI YTD Return

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