Notable Thursday Option Activity: CAR, WLDN, NN

Willdan Group (WLDN) and NextNav (NN) are experiencing notably high options trading volumes today, with contracts representing 57.7% and 56.6% of their respective average daily share trading volumes. Significant activity is concentrated in specific out-of-the-money call options for both firms: WLDN's November 2025 $80 strike and NN's August 2025 $19 strike, suggesting increased speculative or bullish interest in these names.

Analysis

Willdan Group (WLDN) and NextNav (NN) are both experiencing a significant surge in options market activity, indicating focused speculative interest. For WLDN, today's options volume of 1,316 contracts represents a substantial 57.7% of its average daily share volume. This activity is highly concentrated, with 1,158 of those contracts trading on a single long-dated option: the $80 strike call expiring in November 2025. Similarly, NextNav's options volume of 7,872 contracts equates to 56.6% of its average daily share turnover. The activity is also focused on a specific long-dated contract, the $19 strike call expiring in August 2025, which saw 3,085 contracts traded. The concentration in these specific, distant-expiration call options suggests traders are making targeted, leveraged bets on significant upside potential for both companies over the next 15-18 months, rather than engaging in broad-based hedging or short-term speculation.

Key Decisions for Investors

• The unusual call option volume in WLDN and NN warrants further due diligence into potential, unarticulated catalysts that could be driving such specific, long-term bullish positioning.