Noteworthy Tuesday Option Activity: DDOG, SMG, HOOD

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Datadog Inc (Symbol: DDOG), where a total volume of 23,227 contracts has been traded thus far today, a contract volume which is representative of approximately 2.3 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 71.6% of DDOG's average daily trading volume over the past month, of 3.2 million shares. Especially high volume was seen for the $138 strike call option expiring May 03, 2024, with 5,285 contracts trading so far today, representing approximately 528,500 underlying shares of DDOG. Below is a chart showing DDOG's trailing twelve month trading history, with the $138 strike highlighted in orange:

Scotts Miracle-Gro Co (Symbol: SMG) options are showing a volume of 4,114 contracts thus far today. That number of contracts represents approximately 411,400 underlying shares, working out to a sizeable 68.7% of SMG's average daily trading volume over the past month, of 598,700 shares. Particularly high volume was seen for the $75 strike call option expiring May 17, 2024, with 2,173 contracts trading so far today, representing approximately 217,300 underlying shares of SMG. Below is a chart showing SMG's trailing twelve month trading history, with the $75 strike highlighted in orange:

And Robinhood Markets Inc (Symbol: HOOD) options are showing a volume of 64,837 contracts thus far today. That number of contracts represents approximately 6.5 million underlying shares, working out to a sizeable 65.7% of HOOD's average daily trading volume over the past month, of 9.9 million shares. Especially high volume was seen for the $13 strike put option expiring June 21, 2024, with 6,356 contracts trading so far today, representing approximately 635,600 underlying shares of HOOD. Below is a chart showing HOOD's trailing twelve month trading history, with the $13 strike highlighted in orange:

For the various different available expirations for DDOG options, SMG options, or HOOD 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.