Notable Monday Option Activity: CRSP, BTU, CELH

Peabody Energy (BTU) and Celsius Holdings (CELH) are experiencing elevated options trading volume today, with BTU seeing 25,757 contracts, representing 51.8% of its average daily share volume, and CELH 28,107 contracts, equating to 51% of its average daily share volume. Notably, the September 2025 $18 call option for BTU and the July 2025 $43 put option for CELH are seeing particularly high activity, indicating significant long-term directional positioning or hedging interest in these names.

Analysis

Peabody Energy (BTU) and Celsius Holdings (CELH) are experiencing significant options market activity, with volumes representing 51.8% and 51.0% of their respective average daily share volumes. This elevated activity is not random but concentrated in specific long-dated contracts, suggesting strategic positioning. For BTU, a notable volume of 5,626 contracts has traded on the September 2025 $18 strike call options, indicating a significant bullish bet on the stock surpassing this price level over the next year. Conversely, CELH has seen high volume in its July 2025 $43 strike put options, with 2,518 contracts traded. This concentration in long-dated puts points towards either a bearish directional view or significant hedging activity against a potential decline in CELH's share price below $43. The long-term expiration dates for both sets of options imply that traders are positioning for sustained price movements rather than short-term volatility.

Key Decisions for Investors

• Investors should investigate potential long-term catalysts for Peabody Energy, as the heavy volume in out-of-the-money, long-dated calls on BTU signals a strong bullish conviction from a segment of the options market.
• For Celsius Holdings, the significant activity in long-dated puts at the $43 strike should be viewed as a key risk indicator, prompting a review of downside exposure and the potential need for protective hedging strategies.