Notable Friday Option Activity: IIPR, DASH, BX

In terms of options trading activity among constituents of the Russell 3000 Index, there was notable activity today at Innovative Industrial Properties Inc (Ticker: IIPR), where total volume of 4,380 contracts has been traded so far today, a volume of contracts that is representative of approximately 438,000 underlying shares (given that each contract represents 100 underlying shares). This number equates to 142.7% of IIPR’s average daily trading volume over the past month, or 306,915 shares. Particularly high volume was seen for the $90 Strike Call option expiring April 21, 2023, with 2,570 contracts traded so far today, representing approximately 257,000 underlying IIPR shares . Below is a chart showing the IIPR’s trading history over the past twelve months, with the $90 strike highlighted in orange:

DoorDash Inc (Symbol: DASH) recorded options trading volume of 76,473 contracts, representing approximately 7.6 million underlying shares, or approximately 116.7% of DASH’s average daily trading volume during the last month, or 6.6 million shares. Particularly high volume was seen for the $25 strike put option expiring August 18, 2023, with 41,635 contracts traded so far today, representing approximately 4.2 million underlying shares. from DASH. Below is a chart showing DASH’s trading history over the past twelve months, with the $25 strike highlighted in orange:

And Blackstone Inc Options (Symbol: BX) is showing a volume of 57,942 contracts so far today. This number of contracts represents approximately 5.8 million underlying shares, or 114.8% of BX’s average daily trading volume over the past month, or 5.0 million shares. Particularly high volume was seen for the $80 strike put option expiring on April 21, 2023, with 7,811 contracts traded so far today, representing approximately 781,100 underlying BX shares. Below is a chart showing BX’s trading history over the last twelve months, with the $80 strike highlighted in orange: