HOOD

Notable Friday Option Activity: HOOD, OXY, DKNG

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 106,721 contracts has been traded thus far today, a contract volume which is representative of approximately 10.7 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 50.8% of HOOD's average daily trading volume over the past month, of 21.0 million shares. Particularly high volume was seen for the $20 strike call option expiring May 24, 2024, with 7,873 contracts trading so far today, representing approximately 787,300 underlying shares of HOOD. Below is a chart showing HOOD's trailing twelve month trading history, with the $20 strike highlighted in orange:

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Occidental Petroleum Corp (Symbol: OXY) options are showing a volume of 29,888 contracts thus far today. That number of contracts represents approximately 3.0 million underlying shares, working out to a sizeable 47.8% of OXY's average daily trading volume over the past month, of 6.3 million shares. Particularly high volume was seen for the $60 strike put option expiring May 31, 2024, with 5,470 contracts trading so far today, representing approximately 547,000 underlying shares of OXY. Below is a chart showing OXY's trailing twelve month trading history, with the $60 strike highlighted in orange:

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And DraftKings Inc (Symbol: DKNG) saw options trading volume of 46,486 contracts, representing approximately 4.6 million underlying shares or approximately 47.4% of DKNG's average daily trading volume over the past month, of 9.8 million shares. Particularly high volume was seen for the $41.50 strike call option expiring May 24, 2024, with 6,933 contracts trading so far today, representing approximately 693,300 underlying shares of DKNG. Below is a chart showing DKNG's trailing twelve month trading history, with the $41.50 strike highlighted in orange:

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For the various different available expirations for HOOD options, OXY options, or DKNG options, visit StockOptionsChannel.com.

Today's Most Active Call & Put Options of the S&P 500 »

Also see:
• Institutional Holders of IWS
• CB Next Dividend Date
• Top Ten Hedge Funds Holding SCHY

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

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