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11 June
Noteworthy Tuesday Option Activity: DOCN, GME, NSC

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in DigitalOcean Holdings Inc (Symbol: DOCN), where a total volume of 7,482 contracts has been traded thus far today, a contract volume which is representative of approximately 748,200 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 61.8% of DOCN's average daily trading volume over the past month, of 1.2 million shares. Especially high volume was seen for the $45 strike call option expiring August 16, 2024, with 6,623 contracts trading so far today, representing approximately 662,300 underlying shares of DOCN. Below is a chart showing DOCN's trailing twelve month trading history, with the $45 strike highlighted in orange:

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GameStop Corp (Symbol: GME) options are showing a volume of 618,004 contracts thus far today. That number of contracts represents approximately 61.8 million underlying shares, working out to a sizeable 61.7% of GME's average daily trading volume over the past month, of 100.2 million shares. Especially high volume was seen for the $30 strike call option expiring June 14, 2024, with 32,567 contracts trading so far today, representing approximately 3.3 million underlying shares of GME. Below is a chart showing GME's trailing twelve month trading history, with the $30 strike highlighted in orange:

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And Norfolk Southern Corp (Symbol: NSC) saw options trading volume of 6,569 contracts, representing approximately 656,900 underlying shares or approximately 56.5% of NSC's average daily trading volume over the past month, of 1.2 million shares. Particularly high volume was seen for the $220 strike put option expiring June 21, 2024, with 2,085 contracts trading so far today, representing approximately 208,500 underlying shares of NSC. Below is a chart showing NSC's trailing twelve month trading history, with the $220 strike highlighted in orange:

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For the various different available expirations for DOCN options, GME options, or NSC options, visit StockOptionsChannel.com.

Also see:

Cheap Midcap Stocks
ESTA Insider Buying
Institutional Holders of SWAV

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