Notable Friday Option Activity: QCOM, RIOT, AGM

Riot Platforms (RIOT) and Federal Agricultural Mortgage Corp (AGM) are experiencing significant options trading activity, with volumes representing approximately 55.7% and 55.4% of their respective average daily share trading volumes. RIOT saw particularly high interest in its October 2025 $20 strike call options, suggesting notable bullish positioning, while AGM's November 2025 $180 strike put options garnered significant volume, indicating bearish sentiment or hedging over a longer horizon.

Analysis

Riot Platforms Inc (Symbol: RIOT) saw options trading volume of 239,649 contracts, representing approximately 24.0 million underlying shares or approximately 55.7% of RIOT's average daily trading volume over the past month, of 43.0 million shares. Particularly high volume was seen for the $20 strike call option expiring October 03, 2025, with 24,580 contracts trading so far today, representing approximately 2.5 million underlying shares of RIOT. Below is a chart showing RIOT's trailing twelve month trading history, with the $20 strike highlighted in orange: And Federal Agricultural Mortgage Corp (Symbol: AGM) options are showing a volume of 456 contracts thus far today. That number of contracts represents approximately 45,600 underlying shares, working out to a sizeable 55.4% of AGM's average daily trading volume over the past month, of 82,260 shares. Particularly high volume was seen for the $180 strike put option expiring November 21, 2025, with 260 contracts trading so far today, representing approximately 26,000 underlying shares of AGM. Below is a chart showing AGM's trailing twelve month trading history, with the $180 strike highlighted in orange: For the various different available expirations for QCOM options, RIOT options, or AGM options, visit StockOptionsChannel.com. Today's Most Active Call & Put Options of the S&P 500 » Also see: Dividend Yield Institutional Holders of EQUL Top Ten Hedge Funds Holding FENI The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Riot Platforms (RIOT) and Federal Agricultural Mortgage Corp (AGM) are both experiencing unusually high options market activity relative to their underlying equity volume. RIOT's options volume of 239,649 contracts represents 55.7% of its average daily share volume, indicating heightened speculative or hedging interest. The concentration of this activity in the long-dated October 2025 $20 strike call option, with 24,580 contracts traded, points to a significant bullish position being established, betting on the stock's price to exceed $20 within the next two years. Conversely, AGM's options volume, while smaller in absolute terms at 456 contracts, is equally significant relative to its liquidity, accounting for 55.4% of its average daily share volume. The specific focus on the November 2025 $180 strike put option suggests a notable bearish sentiment or the implementation of a long-term protective hedge against a potential price decline below $180.

Key Decisions for Investors

• Investors should investigate the fundamental catalysts that could justify the significant bullish positioning seen in Riot Platforms' long-dated $20 call options, as it signals strong market conviction for price appreciation by October 2025.
• The notable volume in Federal Agricultural Mortgage Corp's November 2025 $180 put options warrants a cautious stance, prompting a review of downside risks or the consideration of protective hedging for existing long positions.