Caught some notable action in the options market today worth flagging. DAVE, DHT, and SIG all had pretty heavy trading volume - way above their usual daily averages. The formula seems to be concentrated bets on specific strike prices with future expirations.

Dave Inc had over 3,600 contracts move, which is about 68% of their monthly average. The real concentration was at that $195 put strike expiring next year - 1,574 contracts alone. DHT was even busier with 27k contracts representing 2.7M shares, mostly centered around the $20 call. And Signet Jewelers wasn't far behind with notable volume clustering around the $95 call.

These kinds of patterns usually signal some institutional positioning or hedging going on. When you see that much volume concentrated in specific strikes months out, it's worth paying attention to. Not necessarily a signal to trade on, but definitely something worth tracking if you follow these names.