Noteworthy Friday Option Activity: RBLX, SPOT, SMR

Spotify (SPOT) and Nuscale Power (SMR) are experiencing significantly elevated options trading volumes today, with SPOT's options volume at 153.6% and SMR's at 148.8% of their respective average daily trading volumes. Notably, SPOT saw high activity in its $730 strike call expiring October 2025, potentially signaling bullish long-term sentiment, while SMR exhibited substantial volume in its $37 strike put expiring October 2025, suggesting increased bearish positioning or downside hedging.

Analysis

Spotify Technology SA (Symbol: SPOT) options are showing a volume of 23,272 contracts thus far today. That number of contracts represents approximately 2.3 million underlying shares, working out to a sizeable 153.6% of SPOT's average daily trading volume over the past month, of 1.5 million shares. Especially high volume was seen for the $730 strike call option expiring October 03, 2025, with 1,924 contracts trading so far today, representing approximately 192,400 underlying shares of SPOT. Below is a chart showing SPOT's trailing twelve month trading history, with the $730 strike highlighted in orange: And Nuscale Power Corporation Class A (Symbol: SMR) options are showing a volume of 276,359 contracts thus far today. That number of contracts represents approximately 27.6 million underlying shares, working out to a sizeable 148.8% of SMR's average daily trading volume over the past month, of 18.6 million shares. Especially high volume was seen for the $37 strike put option expiring October 10, 2025, with 41,625 contracts trading so far today, representing approximately 4.2 million underlying shares of SMR. Below is a chart showing SMR's trailing twelve month trading history, with the $37 strike highlighted in orange: For the various different available expirations for RBLX options, SPOT options, or SMR options, visit StockOptionsChannel.com. Today's Most Active Call & Put Options of the S&P 500 » Also see: Consumer Goods Dividend Stocks ARVN Options Chain Funds Holding BHM The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Spotify (SPOT) and Nuscale Power (SMR) are exhibiting unusually high options market activity, indicating a significant increase in investor positioning. Spotify's options volume today represents 153.6% of its average daily share trading volume, with a notable concentration of activity in the long-dated October 2025 $730 strike call options. This specific flow, representing approximately 192,400 underlying shares in a single strike, suggests a directional, bullish sentiment for substantial long-term price appreciation. In contrast, Nuscale Power's options volume reached 148.8% of its average daily share volume. The activity was heavily skewed towards the October 2025 $37 strike put option, which saw 41,625 contracts traded. This large-scale put activity implies significant institutional demand for downside protection or an outright bearish stance on the stock's long-term outlook.

Key Decisions for Investors

• Given the significant volume in long-dated, out-of-the-money calls for Spotify (SPOT), investors with a bullish thesis may find confirmation of long-term upside potential, while others should monitor for catalysts that could justify such a move.
• The substantial institutional positioning in Nuscale Power (SMR) put options signals a potential for future downside risk or heightened volatility, warranting a cautious approach or a review of existing long positions for hedging needs.