Notable Friday Option Activity: CELH, RDDT, XPO

Reddit (RDDT) and XPO Inc (XPO) are exhibiting unusually high options trading volumes today, with contract activity for RDDT and XPO representing 79.3% and 78% of their respective average daily share trading volumes. Significant interest is concentrated in longer-dated, out-of-the-money call options, specifically RDDT's September 2025 $247.50 strike (3,987 contracts) and XPO's October 2025 $130 strike (7,069 contracts), indicating potential speculative bullish positioning.

Analysis

Reddit (RDDT) and XPO Inc. (XPO) are experiencing unusually high options market activity, with today's contract volumes representing a significant 79.3% and 78% of their respective average daily share volumes. This activity is notably concentrated in long-dated, out-of-the-money call options, suggesting speculative bullish positioning for the long term. For RDDT, a high volume of 3,987 contracts has been traded on the September 2025 $247.50 strike call. The positioning in XPO is even more concentrated, with 7,069 of the 8,074 total contracts traded today focused on a single option: the October 2025 $130 strike call. Such a large, specific bet on a long-term expiration implies a trader or group of traders is positioning for substantial upside in the underlying stocks over the next 15-16 months, using options as a form of leverage.

Key Decisions for Investors

• Investors should monitor the open interest and subsequent volume for the RDDT September 2025 $247.50 calls and the XPO October 2025 $130 calls to gauge if this speculative positioning is a sustained build-up or a one-off trade.
• Recognize this activity as a sentiment and flow indicator rather than a fundamental catalyst, as these highly concentrated, long-dated call purchases could represent a hedge against a short position or a standalone speculative bet.
• Before acting, investors should evaluate if the implied volatility of these specific options has been driven up significantly, and cross-reference this market positioning with their own fundamental analysis of each company's long-term growth prospects and valuation.