Notable Wednesday Option Activity: SOC, OUST, BBWI

Ouster Inc (OUST) and Bath & Body Works Inc (BBWI) experienced notable options trading volume, with OUST's volume reaching 71.4% of its average daily share volume, driven by activity in the $25 strike call option expiring January 2026. Similarly, BBWI's options volume hit 70.7% of its average daily share volume, with significant interest in the $30.50 strike call option expiring June 2025, indicating heightened investor interest in these specific strike prices and expiration dates.

Analysis

Ouster Inc. (OUST) and Bath & Body Works Inc. (BBWI) have demonstrated notable increases in options trading activity, indicating heightened investor interest. For Ouster, total options volume reached 10,232 contracts, representing approximately 1.0 million underlying shares, which is about 71.4% of its average daily trading volume of 1.4 million shares over the past month. Significantly, the $25 strike call option expiring January 16, 2026, saw a volume of 3,044 contracts. Concurrently, Bath & Body Works experienced options volume of 27,092 contracts, equivalent to roughly 2.7 million underlying shares, or 70.7% of its 3.8 million share average daily volume. A substantial portion of this activity, 7,579 contracts, was concentrated in the $30.50 strike call option expiring June 20, 2025. This pronounced volume in specific, relatively long-dated call options for both entities suggests focused trading strategies and could imply anticipation of share price appreciation towards these strike levels by their respective expiration dates, or significant hedging activity.

Key Decisions for Investors

• Investors should closely monitor the trading patterns in Ouster's $25 strike call options (expiring January 2026) and Bath & Body Works' $30.50 strike call options (expiring June 2025) as the elevated volume may signal market expectations or strategic positioning for future stock price movements.