Exceptional Options Trading Momentum in CLOV, BKNG, and DKNG

Options markets across Russell 3000 components demonstrated substantial activity recently, with three stocks capturing particularly pronounced trading volume. The session saw concentrated interest in both call and put options across Clover Health Investments Corp, Booking Holdings Inc, and DraftKings Inc, signaling notable investor activity in these instruments.

Clover Health (CLOV) Drives Options Complex with Volume Surge

Clover Health Investments Corp options experienced extraordinary trading velocity, with 129,804 contracts exchanged during the session. This translates to approximately 13.0 million underlying shares—a figure representing 256.5% of CLOV’s standard monthly average daily volume of 5.1 million shares. The most actively traded instrument was the $2 strike put option expiring January 23, 2026, which alone accumulated 65,891 contracts. This concentrated activity generated roughly 6.6 million underlying shares worth of trading interest, demonstrating significant bearish positioning among options traders tracking this healthcare investment vehicle.

Booking Holdings (BKNG) Options Show Steady Institutional Interest

Booking Holdings Inc options registered 3,357 contracts during the period, equivalent to approximately 335,700 underlying shares. This volume totaled 192.8% of BKNG’s recent average daily trading activity of 174,145 shares. A standout focus emerged around the $5370 strike put option set to expire January 16, 2026, which generated 148 contracts—representing fourteen thousand eight hundred underlying shares of BKNG. This selective concentration suggests targeted hedging strategies or downside protection considerations among sophisticated market participants.

DraftKings (DKNG) Captures Robust Call Option Activity

DraftKings Inc options demonstrated vigorous engagement with 123,839 total contracts traded. These represented roughly 12.4 million underlying shares, equating to 135.3% of DKNG’s average daily volume over the preceding month of 9.2 million shares. The $37.50 strike call option maturing February 20, 2026 became the session’s focal point, with 14,143 contracts transacting for approximately 1.4 million underlying shares. This bullish positioning reflected investor confidence in the sports betting platform’s near-term trajectory.

Market Takeaway

The convergence of elevated options activity across these three Russell 3000 constituents underscores dynamic hedging and speculative positioning throughout the derivatives market. While each stock exhibited distinct strike concentrations and expiration timelines, the overall volume surge—ranging from 135% to 256% of average daily levels—indicates heightened uncertainty or conviction among institutional and retail options traders.

For comprehensive options data across multiple expirations for CLOV, BKNG, and DKNG positions, traders typically consult specialized platforms like StockOptionsChannel.com. The disclaimer remains that these observations represent factual trading data and do not necessarily reflect the views of Nasdaq or other financial institutions publishing such information.