Noteworthy Wednesday Option Activity: OXM, RDDT, BE

Reddit (RDDT) and Bloom Energy (BE) are experiencing exceptionally high options trading volumes, significantly exceeding their average daily stock trading volumes. RDDT saw 96,301 contracts, representing 156.9% of its average daily stock volume, with notable activity in its September 2025 $262.50 call options. Similarly, BE recorded 166,743 contracts, or 152.6% of its average daily stock volume, with high interest in its September 2025 $60 call options. This elevated, long-dated call option activity suggests strong bullish sentiment or speculative positioning for substantial future price movements in both equities.

Analysis

Reddit Inc. (RDDT) and Bloom Energy Corp. (BE) are exhibiting highly unusual options market activity, indicating significant speculative interest. RDDT's options volume reached 96,301 contracts, representing 156.9% of its average daily share volume, while BE's volume hit 166,743 contracts, equivalent to 152.6% of its average. The primary driver of this activity is concentrated in long-dated call options, specifically the September 19, 2025 expiration. For RDDT, notable volume was seen in the $262.50 strike calls, and for BE, the $60 strike calls saw significant trading. This pattern of focused buying in far-dated, and likely far out-of-the-money, call options suggests that a segment of the market is positioning for a substantial, multi-fold appreciation in the underlying equity values of both companies over the next 15 months. The sheer volume, representing 9.6 million underlying RDDT shares and 16.7 million BE shares, underscores that this is a material flow and a strong signal of bullish sentiment or a potential hedge against a significant upside move.

Key Decisions for Investors

• The exceptional volume in long-dated call options for RDDT and BE signals a strong bullish thesis from a segment of the options market, warranting investigation into potential long-term catalysts not yet priced into the stocks.
• Investors should monitor the open interest and implied volatility for the September 2025 $262.50 RDDT calls and $60 BE calls, as changes could indicate a strengthening or weakening of this speculative conviction.
• While the call buying is a bullish signal, these positions are inherently speculative; therefore, risk-averse investors should treat this data as a sentiment indicator rather than a direct trade signal, while those with higher risk tolerance might explore the underlying bullish theses driving these flows.