Notable Monday Option Activity: MSGS, REXR, SNOW

Rexford Industrial Realty (REXR) and Snowflake (SNOW) are experiencing significant options trading volume today, with each company's options activity representing approximately 55.4% of its average daily share trading volume. Notably, a substantial portion of this volume is concentrated in specific long-dated call options, including the REXR October 2025 $35 strike call and the SNOW October 2025 $230 strike call, indicating potential bullish sentiment or strategic positioning by market participants in these equities.

Analysis

Significant options market activity has been observed in Rexford Industrial Realty (REXR) and Snowflake (SNOW), with total options volume for each representing an identical 55.4% of their respective average daily share trading volumes. This elevated activity is not diffuse; rather, it is highly concentrated in specific long-dated call options. For REXR, 7,800 contracts, or roughly half of the day's options volume, were traded on the October 2025 $35 strike call. Similarly, SNOW saw a concentration of 4,317 contracts on the October 2025 $230 strike call. The long-term nature of these expirations, extending into late 2025, suggests that this activity is likely not related to short-term events or earnings, but rather points towards the establishment of strategic, long-term positions by one or more market participants who may hold a directional view on the equities.

Key Decisions for Investors

• Investors should monitor the open interest for the REXR October 2025 $35 calls and the SNOW October 2025 $230 calls in subsequent trading sessions to confirm if this high volume represents new positions being established.