Options Market Sends Mixed Signals: ROKU, HUT, and RDW Lead Today's Volume Surge

The options trading desk is buzzing today with concentrated activity across three Russell 3000 components, painting an interesting picture of where smart money might be positioning itself.

ROKU’s March Calls Drawing Attention

Roku Inc (ROKU) is commanding the spotlight with 16,258 options contracts exchanged so far today—equivalent to roughly 1.6 million shares when you account for the standard 100-to-1 contract ratio. Here’s what stands out: this volume represents 56.6% of the stock’s typical daily trading volume over the past month (2.9 million shares). The real concentration appears in the $130 strike calls expiring March 20, 2026, which alone saw 2,074 contracts trade, corresponding to approximately 207,400 shares. ROKU’s trailing twelve-month chart reveals this $130 level has played a significant technical role.

HUT’s Bullish Positioning in January Calls

Hut 8 Corp (HUT) is showing equally impressive options demand with 39,804 contracts representing around 4.0 million underlying shares—tallying up to roughly 56.5% of the stock’s average daily volume (7.0 million shares monthly). The $58 strike calls expiring January 16, 2026, are the focal point here, with 8,487 contracts, or approximately 848,700 shares, changing hands today. For context, this level marks a notable resistance point in HUT’s historical trading range.

RDW’s Massive Options Spike Demands Attention

Redwire Corp (RDW) is seeing the most dramatic activity of the three, with 83,381 total options contracts traded today. That translates to 8.3 million underlying shares—a hefty 56.3% of RDW’s monthly average daily volume of 14.8 million shares. The standout trade is concentrated in the $10 strike calls maturing May 15, 2026, which account for 14,475 contracts or 1.4 million shares. RDW’s price action against that $10 level over the past year provides context for why this strike is drawing such heavy interest.

What the Numbers Tell Us

The clustering of activity around similar volume percentages (roughly 56-57% of average daily volume for each stock) across three separate names on the same day suggests coordinated market interest rather than random volatility. The concentration of calls at specific strikes with far-dated expirations typically indicates positioning for sustained moves rather than short-term speculation. Traders monitoring Russell 3000 components should note these developments as potential leading indicators of broader sector sentiment.

For detailed breakdowns of available expirations across ROKU, HUT, and RDW options strategies, specialized options tracking platforms provide comprehensive strike and expiration data. Today’s volume patterns deserve a closer look from active traders.