Exuberant Thursday Options Buzz: Kodiak Gas Services, Dick’s Sporting Goods, Microsoft

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By Ronald Tech


Kodiak Gas Services Inc (KGS)

Options traders are blazing a trail with Kodiak Gas Services Inc (KGS) today, with a staggering total volume of 19,135 contracts traded so far. This represents approximately 1.9 million underlying shares, showcasing a trading frenzy that rings in at 566.2% above KGS’s average daily trading volume over the past month. Of particular interest is the $20 strike put option expiring May 17, 2024, with a substantial 7,127 contracts traded, equivalent to roughly 712,700 shares of KGS. The trading history chart below depicts KGS’s performance over the past twelve months, with the $20 strike option highlighted.

Chart of Kodiak Gas Services Inc's performance over the past 12 months

Dick’s Sporting Goods, Inc (DKS)

Dick’s Sporting Goods, Inc (DKS) is also witnessing vibrant options trading action, with a hefty 51,510 contracts traded today. This figure represents approximately 5.2 million underlying shares or 463.5% of DKS’s average daily trading volume over the past month. Notably, the $230 strike call option expiring on March 22, 2024, saw significant activity with 5,834 contracts traded, translating to approximately 583,400 underlying shares of DKS. The following chart illustrates DKS’s trading performance over the last twelve months, accentuating the $230 strike option.

Chart of Dick's Sporting Goods, Inc's performance over the past 12 months

Microsoft Corporation (MSFT)

Options trading in Microsoft Corporation (MSFT) is on fire today, with a substantial 856,009 contracts traded, representing around 85.6 million underlying shares or 423.8% of MSFT’s average daily trading volume over the last month. Noteworthy activity was noted in the $430 strike call option expiring on March 15, 2024, with a whopping 94,144 contracts changing hands, signifying approximately 9.4 million underlying shares of MSFT. The chart below maps out MSFT’s trading journey over the previous twelve months, with emphasis on the $430 strike option.

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Chart of Microsoft Corporation's performance over the past 12 months