Noteworthy Friday Option Activity: DKNG, ACHR, ALGN
October 11, 2024 at 15:18 PM EDT
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in DraftKings Inc (DKNG), where a total volume of 38,418 contracts has been traded thus far today, a contract volume which is representative of approximately 3.8 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 46% of DKNG's average daily trading volume over the past month, of 8.4 million shares..
