Notable Thursday Option Activity: WDAY, NDSN, PSKY

Nordson Corp. (NDSN) and Paramount Skydance Corp. (PSKY) both experienced elevated options trading volume, with activity for each representing over 50% of their respective average daily stock trading volumes. Notably, significant interest was observed in long-dated call options for both companies, specifically the NDSN $230 September 2025 and PSKY $17 September 2025 strikes, suggesting potential bullish sentiment or speculative positioning.

Analysis

Nordson Corp. (NDSN) and Paramount Skydance Corp. (PSKY) both exhibited unusually high options market activity, with total options volume representing 57.8% and 54.4% of their respective average daily stock trading volumes. The activity was notably concentrated in specific long-dated call options, suggesting targeted speculation on future price appreciation. For NDSN, significant volume was observed in the $230 strike call option expiring September 2025, which traded 407 contracts. For PSKY, the activity was even more pronounced, with 26,137 contracts of the $17 strike call option, also expiring September 2025, changing hands. This concentration in out-of-the-money, long-dated calls indicates that a segment of the market is positioning for a substantial upward move in these stocks over the next year, establishing these specific strike prices as key levels of interest.

Key Decisions for Investors

• Investors should investigate potential fundamental catalysts for NDSN and PSKY that could be driving this long-term bullish speculation, as the options activity suggests expectations of significant upside by September 2025.
• The high volume call strikes, specifically $230 for NDSN and $17 for PSKY, should be monitored as key technical levels that may act as future resistance or targets for the stocks.
• While suggestive of bullish sentiment, investors should consider that this options activity could also represent hedging against short positions, and therefore, it should be used as a signal for further due diligence rather than a standalone trading directive.