Just caught some notable options action worth mentioning - there's been some interesting formula at play in the options market lately. Noticed DAVE had solid volume today with over 3,600 contracts moving, which is pretty notable considering it's about 68% of their usual daily traffic. The $195 puts catching March 2026 expiration were the real standout, pulling in like 1,574 contracts.

Then you've got DHT showing even bigger numbers - 27k contracts is no joke, representing roughly 2.7 million shares or about two-thirds of their typical daily volume. Their $20 calls for April 2026 were the main driver there with over 3,100 contracts. And SIG wasn't sleeping either - 5,200 contracts is a notable chunk of their average daily action, hitting around 65% of their normal volume. The $95 calls in March were where the bulk of that activity clustered.

The formula these three are following seems pretty similar - all showing heavy concentration in specific strike prices and expirations. When you see this kind of coordinated volume pattern across different tickers, it usually means some bigger players are positioning something. Worth keeping an eye on how these plays develop, especially with those expiration dates coming up. Anyone else watching this action?