Friday's Explosive Options Trading: MSTR, GME, and PII Lead the Pack

gas_fee_therapy · 2025-12-26T05:57:05+00:00

Options trading surged in the Russell 3000 on Friday, notably with MicroStrategy leading at 610,736 contracts, followed by GameStop at 324,961, and Polaris at 114,254. This indicates strong market interest and strategic positioning ahead of year-end expirations.

gas_fee_therapy

2025-12-26 05:57:05

Abstract generation in progress

Market data from the Russell 3000 universe revealed substantial options activity on Friday, with three equities commanding exceptional trading attention. MicroStrategy (MSTR) dominated the session with a striking 610,736 contracts changing hands, translating to roughly 61.1 million shares in notional value—an impressive 343.8% surge relative to the company’s monthly average daily volume of 17.8 million shares.

The $560 strike call option expiring December 05, 2025 drew the lion’s share of MSTR’s options interest, accumulating 64,293 contracts (6.4 million underlying shares). This concentrated activity around a specific strike price signals strong market positioning ahead of the year-end window.

GameStop Corp (GME) followed closely behind with 324,961 total option contracts traded, representing 32.5 million shares. This volume equated to roughly 620.9% of GME’s typical daily transaction level (5.2 million shares over the past month). The $23 strike call expiring December 05, 2025 captured particular momentum, with 28,484 contracts (2.8 million shares) flowing through the options market.

Polaris Inc (PII) rounded out the trio with 114,254 contracts representing 11.4 million shares—a remarkable 1273% multiple of PII’s standard 897,500-share daily volume. The most actively traded series was the $40 strike call for January 16, 2026 expiration, which alone saw 56,894 contracts (5.7 million shares) trade during the session.

The elevated activity across these three names reflects heightened investor interest in strategic positioning through options contracts, each with distinct expiration windows suggesting varied tactical intentions in the market.

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