Notable Wednesday Option Activity: HUT, BRZE, SNOW

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Hut 8 Corp (Symbol: HUT), where a total volume of 23,650 contracts has been traded thus far today, a contract volume which is representative of approximately 2.4 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 56.2% of HUT's average daily trading volume over the past month, of 4.2 million shares. Particularly high volume was seen for the $55 strike put option expiring April 17, 2026, with 6,514 contracts trading so far today, representing approximately 651,400 underlying shares of HUT. Below is a chart showing HUT's trailing twelve month trading history, with the $55 strike highlighted in orange:

Braze Inc (Symbol: BRZE) saw options trading volume of 13,181 contracts, representing approximately 1.3 million underlying shares or approximately 51.4% of BRZE's average daily trading volume over the past month, of 2.6 million shares. Especially high volume was seen for the $25 strike call option expiring May 15, 2026, with 2,332 contracts trading so far today, representing approximately 233,200 underlying shares of BRZE. Below is a chart showing BRZE's trailing twelve month trading history, with the $25 strike highlighted in orange:

And Snowflake Inc (Symbol: SNOW) saw options trading volume of 30,858 contracts, representing approximately 3.1 million underlying shares or approximately 51.1% of SNOW's average daily trading volume over the past month, of 6.0 million shares. Particularly high volume was seen for the $110 strike put option expiring May 15, 2026, with 3,536 contracts trading so far today, representing approximately 353,600 underlying shares of SNOW. Below is a chart showing SNOW's trailing twelve month trading history, with the $110 strike highlighted in orange:

For the various different available expirations for HUT options, BRZE options, or SNOW options, visit StockOptionsChannel.com.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.