Noteworthy Friday Option Activity: JPM, TTEK, MHK

Tetra Tech Inc (TTEK) and Mohawk Industries, Inc. (MHK) are experiencing unusually high options trading volumes, with contracts representing over 40% of their average daily share trading. Notably, TTEK's activity is concentrated in the December 2025 $31 strike put option, implying significant bearish sentiment or downside hedging. Meanwhile, MHK's options volume is dominated by the August 2025 $120 strike call, suggesting notable bullish positioning or long-term upside exposure.

Analysis

Significant and highly concentrated options activity has been observed in both Tetra Tech Inc. (TTEK) and Mohawk Industries, Inc. (MHK), with volumes representing 40.9% and 40.7% of their respective average daily share volumes. The nature of this activity indicates sharply divergent sentiment. For TTEK, the volume is overwhelmingly bearish, with 6,555 contracts traded for the $31 strike put option expiring in December 2025, suggesting a large, long-dated hedge or a speculative bet on a significant price decline. In contrast, activity in MHK is concentrated on the bullish side, with 1,731 contracts of the $120 strike call option expiring in August 2025 being traded. This points to a notable bet on substantial price appreciation for MHK over the medium term. The targeted, long-dated nature of these trades in both stocks suggests they are likely intentional, strategic positions rather than broad-based market noise.

Key Decisions for Investors

• Investors should monitor the change in open interest for the TTEK December 2025 $31 puts and the MHK August 2025 $120 calls to confirm if this high volume is establishing new, large-scale positions.