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26 March
Noteworthy Tuesday Option Activity: ALKS, DKNG, VRT

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Alkermes plc (Symbol: ALKS), where a total volume of 15,015 contracts has been traded thus far today, a contract volume which is representative of approximately 1.5 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 68.6% of ALKS's average daily trading volume over the past month, of 2.2 million shares. Especially high volume was seen for the $30 strike put option expiring April 19, 2024, with 15,010 contracts trading so far today, representing approximately 1.5 million underlying shares of ALKS. Below is a chart showing ALKS's trailing twelve month trading history, with the $30 strike highlighted in orange:

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DraftKings Inc (Symbol: DKNG) options are showing a volume of 64,285 contracts thus far today. That number of contracts represents approximately 6.4 million underlying shares, working out to a sizeable 66.9% of DKNG's average daily trading volume over the past month, of 9.6 million shares. Especially high volume was seen for the $50 strike call option expiring March 28, 2024, with 7,766 contracts trading so far today, representing approximately 776,600 underlying shares of DKNG. Below is a chart showing DKNG's trailing twelve month trading history, with the $50 strike highlighted in orange:

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And Vertiv Holdings Co (Symbol: VRT) saw options trading volume of 54,732 contracts, representing approximately 5.5 million underlying shares or approximately 66.5% of VRT's average daily trading volume over the past month, of 8.2 million shares. Particularly high volume was seen for the $85 strike call option expiring April 12, 2024, with 5,057 contracts trading so far today, representing approximately 505,700 underlying shares of VRT. Below is a chart showing VRT's trailing twelve month trading history, with the $85 strike highlighted in orange:

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For the various different available expirations for ALKS options, DKNG options, or VRT options, visit StockOptionsChannel.com.

Also see:

Preferred Crosses Below Par
Radiant Logistics Historical PE Ratio
Funds Holding CIFR

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