Notable Friday Option Activity: NVTS, LUNR, BX

Intuitive Machines Inc (LUNR) and Blackstone Inc (BX) are experiencing significantly elevated options trading volumes today, with LUNR's options representing 58.6% of its average daily share volume and BX's at 56.3%. Notably, long-dated call options for LUNR ($13 strike, Oct 2025) and BX ($200 strike, Jan 2026) are seeing particularly high activity, indicating increased speculative interest or strategic positioning in these names.

Analysis

Intuitive Machines Inc (LUNR) and Blackstone Inc (BX) are exhibiting significantly elevated options trading volumes today, indicating heightened market interest. LUNR's options volume reached 46,605 contracts, equating to 58.6% of its average daily share volume, while BX recorded 19,797 contracts, representing 56.3% of its average daily share volume. This activity suggests a notable shift in market participant engagement for both names.

A notable concentration of this activity is observed in long-dated call options. Specifically, 3,418 contracts of LUNR's $13 strike call expiring October 17, 2025, traded, alongside 1,597 contracts of BX's $200 strike call expiring January 16, 2026. This points to strategic bullish positioning or hedging against potential upside for both equities over an extended timeframe.

The substantial options flow, particularly in out-of-the-money long-dated calls, implies that market participants are anticipating considerable price movements for LUNR and BX. Despite a neutral overall sentiment for the underlying stocks, this options activity highlights a distinct strategic interest in these companies, potentially signaling future equity price action.

Key Decisions for Investors

• Investors should monitor LUNR and BX for potential underlying stock price movements, given the significant options activity, particularly in long-dated calls.
• Evaluate the implied volatility of LUNR and BX options to assess market expectations for future price swings and potential mispricings.
• Consider this options flow as a potential signal for strategic positioning by institutional investors or increased speculative interest, which could precede equity price action.