Noteworthy Wednesday Option Activity: HOOD, LNG, MGNI

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 110,839 contracts has been traded thus far today, a contract volume which is representative of approximately 11.1 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 54.9% of HOOD's average daily trading volume over the past month, of 20.2 million shares. Especially high volume was seen for the $51 strike call option expiring January 24, 2025, with 10,344 contracts trading so far today, representing approximately 1.0 million underlying shares of HOOD. Below is a chart showing HOOD's trailing twelve month trading history, with the $51 strike highlighted in orange:

Cheniere Energy Inc. (Symbol: LNG) options are showing a volume of 9,322 contracts thus far today. That number of contracts represents approximately 932,200 underlying shares, working out to a sizeable 51.5% of LNG's average daily trading volume over the past month, of 1.8 million shares. Especially high volume was seen for the $220 strike put option expiring February 21, 2025, with 2,004 contracts trading so far today, representing approximately 200,400 underlying shares of LNG. Below is a chart showing LNG's trailing twelve month trading history, with the $220 strike highlighted in orange:

And Magnite Inc (Symbol: MGNI) options are showing a volume of 7,816 contracts thus far today. That number of contracts represents approximately 781,600 underlying shares, working out to a sizeable 51.3% of MGNI's average daily trading volume over the past month, of 1.5 million shares. Especially high volume was seen for the $16 strike call option expiring February 21, 2025, with 1,340 contracts trading so far today, representing approximately 134,000 underlying shares of MGNI. Below is a chart showing MGNI's trailing twelve month trading history, with the $16 strike highlighted in orange:

For the various different available expirations for HOOD options, LNG options, or MGNI options, visit StockOptionsChannel.com.

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

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