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03 May
Notable Friday Option Activity: AKAM, HIMS, PTON

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Akamai Technologies Inc (Symbol: AKAM), where a total volume of 6,874 contracts has been traded thus far today, a contract volume which is representative of approximately 687,400 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 58.4% of AKAM's average daily trading volume over the past month, of 1.2 million shares. Particularly high volume was seen for the $105 strike call option expiring May 10, 2024, with 1,616 contracts trading so far today, representing approximately 161,600 underlying shares of AKAM. Below is a chart showing AKAM's trailing twelve month trading history, with the $105 strike highlighted in orange:

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Hims & Hers Health Inc (Symbol: HIMS) options are showing a volume of 23,747 contracts thus far today. That number of contracts represents approximately 2.4 million underlying shares, working out to a sizeable 57.9% of HIMS's average daily trading volume over the past month, of 4.1 million shares. Particularly high volume was seen for the $11 strike call option expiring May 10, 2024, with 3,862 contracts trading so far today, representing approximately 386,200 underlying shares of HIMS. Below is a chart showing HIMS's trailing twelve month trading history, with the $11 strike highlighted in orange:

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And Peloton Interactive Inc (Symbol: PTON) options are showing a volume of 83,318 contracts thus far today. That number of contracts represents approximately 8.3 million underlying shares, working out to a sizeable 57.8% of PTON's average daily trading volume over the past month, of 14.4 million shares. Particularly high volume was seen for the $3.50 strike call option expiring May 03, 2024, with 6,227 contracts trading so far today, representing approximately 622,700 underlying shares of PTON. Below is a chart showing PTON's trailing twelve month trading history, with the $3.50 strike highlighted in orange:

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For the various different available expirations for AKAM options, HIMS options, or PTON 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.