Notable Wednesday Option Activity: XP, ROKU, CELC

Roku Inc. (ROKU) and Celcuity Inc. (CELC) experienced notable options trading volume today, each exceeding 50% of their respective average daily stock volumes. ROKU saw significant activity in its October 2025 $104 call options, suggesting long-term bullish positioning, while CELC registered high volume in its November 2025 $45 put options, indicating substantial bearish sentiment or hedging interest.

Analysis

Roku Inc. (ROKU) and Celcuity Inc. (CELC) have both registered significant options market activity, with trading volumes representing 50.3% and 50.2% of their respective average daily share volumes. For Roku, the notable activity is concentrated in the October 2025 $104 strike call options, where 1,061 contracts were traded. This long-dated, out-of-the-money call buying indicates a bullish sentiment, suggesting that some market participants are positioning for a substantial appreciation in the stock's price over the next year. Conversely, Celcuity saw a heavy concentration of its options volume in a single contract: 3,537 of its 4,290 traded contracts were for the November 2025 $45 strike put option. This activity, representing approximately 353,700 underlying shares, signals a strong bearish outlook or a significant hedging operation against a potential price decline below $45. The long-term nature of both trades points to strategic positioning rather than short-term speculation.

Key Decisions for Investors

• For investors in Roku, the significant, long-dated bullish call buying at the $104 strike warrants monitoring for upcoming catalysts or fundamental shifts that could justify such optimistic positioning.
• Given the substantial bearish activity in Celcuity's November 2025 $45 puts, investors with long exposure should review downside risks and may consider implementing hedging strategies to protect their positions.