Noteworthy Thursday Option Activity: CFLT, ACLS, HOOD

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Confluent Inc (Symbol: CFLT), where a total volume of 34,325 contracts has been traded thus far today, a contract volume which is representative of approximately 3.4 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 68.9% of CFLT's average daily trading volume over the past month, of 5.0 million shares. Particularly high volume was seen for the $37 strike call option expiring April 19, 2024, with 3,208 contracts trading so far today, representing approximately 320,800 underlying shares of CFLT. Below is a chart showing CFLT's trailing twelve month trading history, with the $37 strike highlighted in orange:

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Axcelis Technologies Inc (Symbol: ACLS) options are showing a volume of 5,323 contracts thus far today. That number of contracts represents approximately 532,300 underlying shares, working out to a sizeable 67.8% of ACLS's average daily trading volume over the past month, of 784,535 shares. Particularly high volume was seen for the $125 strike call option expiring March 15, 2024, with 460 contracts trading so far today, representing approximately 46,000 underlying shares of ACLS. Below is a chart showing ACLS's trailing twelve month trading history, with the $125 strike highlighted in orange:

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And Robinhood Markets Inc (Symbol: HOOD) saw options trading volume of 53,196 contracts, representing approximately 5.3 million underlying shares or approximately 64.6% of HOOD's average daily trading volume over the past month, of 8.2 million shares. Particularly high volume was seen for the $11.50 strike call option expiring February 09, 2024, with 4,535 contracts trading so far today, representing approximately 453,500 underlying shares of HOOD. Below is a chart showing HOOD's trailing twelve month trading history, with the $11.50 strike highlighted in orange:

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For the various different available expirations for CFLT options, ACLS options, or HOOD options, visit StockOptionsChannel.com.

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