DKS News

Stocks

Headlines

High Options Volume Observed for ZI, DKS, and UPST Stocks

Investors are focusing on options trading today, particularly in ZoomInfo Technologies (ZI), Dick's Sporting Goods (DKS), and Upstart Holdings (UPST). The increase in options volume may indicate future volatility or trends for these stocks.

Date: 
AI Rating:   5

**Options Trading Overview**

Today, a substantial volume of options has been observed in several companies, potentially influencing their stock prices. High trading volumes in options can indicate investor sentiment regarding future volatility or price movements.

**ZoomInfo Technologies Inc (ZI)**:

ZI saw an impressive options trading volume of 60,403 contracts, which is about 6.0 million underlying shares. This volume is approximately 78.1% of its average daily trading volume over the past month, indicating significant interest. Particularly noteworthy is the high volume for the $10 strike put option expiring February 28, 2025, where 29,007 contracts were traded. This could suggest that investors are hedging against potential declines in ZI's stock price.

**Dick's Sporting Goods, Inc (DKS)**:

DKS had options volume of 8,020 contracts, equating to around 802,000 underlying shares, or 74.2% of its average daily volume. The $220 strike put option expiring March 21, 2025, showing a volume of 3,127 contracts, indicates that investors might also be positioning themselves for potential downside in this stock.

**Upstart Holdings Inc (UPST)**:

UPST registered 28,850 contracts traded, representing about 2.9 million underlying shares, which is roughly 71.2% of its average daily trading volume of 4.1 million shares. The high volume for the $60 strike put option expiring February 07, 2025, with 4,927 contracts, further signals investor sentiment regarding potential downward pressure on UPST's stock price.

This heightened options activity across ZI, DKS, and UPST may spark changes in their respective stock prices in the near future, as traders react to the perceived risk or opportunity.