
Tal Education Group (TAL) had the highest Vol/OI ratio for call options in Wednesday's trading with a volume of 11,699, 115.83x its open interest. There were 549 call options with a Vol/OI ratio of 1.25 or greater, which is the cutoff for unusual options activity.
In the 25th spot was Dropbox’s (DBX) Jan. 17/2025 $32 call, which had a volume of 9,755, 17.27x its open interest. As a result of the call’s volume, Dropbox’s total options volume yesterday was 24,800, about 7x its 30-day average. The last time it had that much volume was Feb. 16 (38,281), when it traded down 23% on weak revenue guidance in 2024.