Notable Tuesday Option Activity: MARA, CELH, QS

Celsius Holdings (CELH) and QuantumScape (QS) are experiencing significant options trading activity, with volumes representing 58.5% and 52.8% of their respective average daily stock trading volumes today. Notably, the CELH $56 call option and the QS $11.50 call option, both with a September 2025 expiry, are seeing exceptionally high trading interest, indicating substantial market positioning or speculative activity in these names.

Analysis

Celsius Holdings (CELH) and QuantumScape (QS) are exhibiting significant options market activity, indicating focused investor positioning. For CELH, options volume reached 33,832 contracts, equivalent to 58.5% of its average daily share volume, with a notable concentration in the September 19, 2025, $56 strike call options. Similarly, QS saw options volume of 127,505 contracts, representing 52.8% of its average daily share volume. Activity in QS was particularly high for the September 19, 2025, $11.50 strike call options, which saw 19,412 contracts traded. The substantial volume in these specific long-dated call options for both companies suggests that a segment of the market is either speculating on significant upside potential over the next year or establishing long-term bullish hedges. This level of concentrated, non-expiring activity warrants attention as it reflects a material flow of capital into derivatives tied to the future performance of these specific equities.

Key Decisions for Investors

• Investors should monitor the open interest and subsequent volume in the September 2025 call options for both CELH ($56 strike) and QS ($11.50 strike) to gauge whether this is a new accumulation of positions or the rolling of existing ones.
• The high volume in long-dated calls may signal bullish sentiment from a segment of the market; however, investors should consider this technical signal in the context of their own fundamental analysis before adjusting their thesis on either company.