Notable Friday Option Activity: MS, INTU, HUT

Intuit (INTU) and Hut 8 Corp (HUT) are exhibiting significant options trading volume today, with INTU's 10,920 contracts representing 47.6% of its average daily share volume and HUT's 28,631 contracts equating to 47.1% of its average daily share volume. This heightened activity is concentrated in specific long-dated call options, notably the INTU $700 strike (Nov 2025) and HUT $40 strike (Sep 2025), indicating substantial directional interest or positioning.

Analysis

Intuit Inc. (INTU) and Hut 8 Corp. (HUT) are experiencing a significant surge in options market activity, indicating focused investor positioning. For INTU, today's options volume of 10,920 contracts equates to 47.6% of its average daily share volume, a substantial figure. This activity is notably concentrated in the November 21, 2025, $700 strike call option, which has traded 1,205 contracts. Similarly, HUT's options volume of 28,631 contracts represents 47.1% of its average daily share volume, with a pronounced focus on the September 26, 2025, $40 strike call, accounting for 3,432 contracts. The concentration in these specific long-dated, out-of-the-money call options suggests that a segment of the market is making a directional, bullish bet on significant share price appreciation for both companies over the next 16-18 months, rather than engaging in broad-based hedging or short-term speculation.

Key Decisions for Investors

• Investors should monitor the open interest and volume trends in these specific long-dated call options for INTU and HUT, as sustained activity could signal a strong conviction from institutional or speculative traders.