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Noteworthy Tuesday Option Activity: DOCN, GME, NSC – Nasdaq

June 11, 2024

Looking at options activity on the Russell 3000 Index, Digital Ocean Holdings (symbol: DOCN) is noteworthy. A total of 7,482 contracts have traded so far today, representing approximately 748,200 shares of the underlying stock (assuming 100 shares per contract). This represents 61.8% of DOCN’s average daily trading volume of 1.2 million shares over the past month. Notable high volumes include: $45 strike call options expiring on August 16, 2024To date, 6,623 contracts have traded, representing approximately 662,300 underlying shares of DOCN. Below is a chart showing DOCN’s trading history over the past 12 months, with the $45 strike price highlighted in orange.

Options on GameStop Corp. (symbol: GME) have seen a volume of 618,004 contracts to date. This volume represents approximately 61.8 million underlying shares, or 61.7% of GME’s average daily trading volume of 100.2 million shares over the past month. Call options with a strike price of $30 expiring on June 14, 2024As of today, 32,567 contracts have traded, representing roughly 3.3 million underlying shares of GME. Below is a chart showing the past 12 months of trading history for GME, with the $30 strike price highlighted in orange.

Norfolk Southern Corporation (symbol: NSC) options trading volume was 6,569, representing approximately 656,900 underlying shares, or about 56.5% of NSC’s average daily trading volume of 1.2 million shares over the past month. Put options expiring on June 21, 2024 with a strike price of $220To date, 2,085 contracts have traded, representing approximately 208,500 underlying shares of NSC. Below is a chart showing the past 12 months of trading history for NSC, with the $220 strike price highlighted in orange.