Notable Thursday Option Activity: APAM, GRPN, NVAX

Groupon (GRPN) and Novavax (NVAX) are experiencing significant options trading activity today, with current volumes representing approximately 46% of their respective average daily share trading volumes. Notably, GRPN's October 2025 $38 strike call options and NVAX's August 2025 $9.50 strike call options are seeing particularly high volume, suggesting heightened speculative interest or directional positioning in these long-dated contracts.

Analysis

Significant options market activity has been observed in both Groupon (GRPN) and Novavax (NVAX), indicating heightened investor focus. Today's options volume in GRPN reached 7,025 contracts, representing 46.3% of its average daily share trading volume of 1.5 million shares. Similarly, NVAX saw 35,002 options contracts trade, equivalent to 46.2% of its 7.6 million share average daily volume. The activity is notably concentrated in specific long-dated call options. For Groupon, 2,000 contracts of the October 2025 $38 strike call have traded, while Novavax has seen 7,386 contracts of the August 2025 $9.50 strike call change hands. This concentration in long-dated, out-of-the-money calls suggests that a segment of traders is positioning for a substantial appreciation in the underlying stock prices over a multi-year horizon, rather than reacting to near-term catalysts.

Key Decisions for Investors

• Investors should investigate potential long-term fundamental catalysts for Groupon and Novavax that could justify the bullish positioning observed in the 2025 call options.
• The significant volume in specific long-dated call strikes can be interpreted as a bullish sentiment signal from a segment of the market, warranting closer monitoring of these stocks for potential momentum.