Notable Monday Option Activity: HIMS, AMBC, EXE

Ambac Financial Group (AMBC) and Expand Energy Corp (EXE) recently experienced significant options trading activity, with volumes for both exceeding 56% of their respective average daily stock trading volumes. AMBC saw notable interest in its January 2026 $8 call options, while EXE recorded substantial volume in its November 2025 $95 put options, indicating targeted speculative or hedging strategies around these specific price levels and expirations.

Analysis

A significant deviation in trading patterns was observed in Ambac Financial Group (AMBC) and Expand Energy Corp (EXE), characterized by unusually high options volume relative to their underlying stock liquidity. For AMBC, options volume equated to 57.2% of its average daily share volume, with a notable concentration in the January 2026 $8 strike call options, which accounted for over a third of the day's options contracts. This activity points to a targeted, long-term bullish sentiment or speculative bet on the stock's appreciation above the $8 mark. Conversely, EXE experienced options volume equivalent to 56.4% of its average daily share turnover, heavily skewed towards the November 2025 $95 strike put options. This specific contract constituted more than half of the day's total options trades, signaling a substantial bearish position or a significant hedging strategy against a potential decline in the stock price below $95 over the next year and a half.

Key Decisions for Investors

• The unusual concentration in long-dated call options for AMBC suggests investors should investigate potential undisclosed catalysts or long-term recovery prospects that could justify this bullish positioning.
• For EXE, the significant volume in long-dated put options serves as a potential red flag, warranting a thorough review of the company's risk factors and the broader industry outlook to understand the basis for this bearish sentiment or large-scale hedging.