Notable Tuesday Option Activity: AU, OSCR, KTOS

Oscar Health (OSCR) and Kratos Defense & Security Solutions (KTOS) are experiencing significant options trading activity today, with OSCR's options volume representing 41.8% of its average daily share volume and KTOS's at 41.5%. Notably, OSCR saw high volume in its September 2025 $18 call options, suggesting bullish interest, while KTOS observed substantial activity in its October 2025 $58 put options, indicating bearish sentiment or hedging.

Analysis

Oscar Health (OSCR) and Kratos Defense & Security Solutions (KTOS) are both experiencing significant options market activity, indicating heightened investor focus. For Oscar Health, total options volume reached 72,323 contracts, equivalent to 7.2 million underlying shares and representing a substantial 41.8% of its recent average daily share volume. The notable concentration of activity in the September 2025 $18 strike call options, with 4,456 contracts traded, suggests a long-term bullish sentiment or speculation on the stock's potential to appreciate above this price. Conversely, Kratos Defense saw options volume of 11,653 contracts, equivalent to 1.2 million shares or 41.5% of its average daily volume. The focus here was on the October 2025 $58 strike put option, which traded 1,170 contracts, signaling potential bearish positioning or a hedging strategy against a price decline below $58. This divergence highlights contrasting directional bets being placed in the derivatives market for these two securities.

Key Decisions for Investors

• The significant volume in long-dated OSCR call options at the $18 strike suggests a bullish undercurrent; investors may want to assess the fundamental catalysts that could support such a price move by September 2025.