Notable Thursday Option Activity: SN, TTD, AEHR

The Trade Desk (TTD) and Aehr Test Systems (AEHR) are experiencing unusually high options trading volume, with TTD's volume representing 43.2% and AEHR's 42.9% of their respective average daily share trading volumes. Notably, significant activity is concentrated in long-dated call options, specifically TTD's August 2025 $55 strike and AEHR's September 2025 $35 strike, suggesting increased speculative interest or positioning for future upside in both equities.

Analysis

The Trade Desk (TTD) and Aehr Test Systems (AEHR) are exhibiting significant and unusual options market activity, indicating heightened investor interest and potential speculative positioning. TTD's options volume reached 82,686 contracts, equivalent to 43.2% of its average daily share volume, while AEHR's volume of 7,769 contracts represented 42.9% of its daily average. The activity is notably concentrated in long-dated call options, specifically the August 2025 $55 strike for TTD and the September 2025 $35 strike for AEHR. This specific focus on out-of-the-money calls with long expirations suggests that a segment of the market is positioning for substantial upside in both equities over a one-year-plus horizon, rather than speculating on short-term catalysts. Such a pattern often signals a belief in a long-term fundamental shift or significant future price appreciation.

Key Decisions for Investors

• Investors should monitor this elevated options activity in TTD and AEHR as it can be a leading indicator of increased future volatility and stock price movement.
• The concentration in long-dated call options warrants further due diligence to identify potential long-term catalysts that may not yet be widely reflected in the current stock price.