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Unusual Call Options Activity Today

Sudden spikes in call option trading can be one of the earliest signs that bullish sentiment is building in a stock.

When call volume jumps well above normal levels, it often means traders are actively positioning for upside—whether in response to news, earnings expectations, or shifting market momentum. Because options offer leveraged exposure, this activity can reflect high conviction moves rather than casual interest.

For investors, tracking unusual call activity is a way to see where attention—and capital—is flowing in real time. It can help surface stocks gaining momentum before large price moves occur, confirm strengthening trends, or generate new ideas worth deeper research.

Not every surge in call volume leads to gains, but consistently watching where bullish bets are increasing can provide valuable insight into market sentiment and emerging opportunities.

CompanyCurrent Price7/20/2026 Call Options VolumeAverage Options VolumePercentage Increase
Relative to Avg. Volume
Average Stock VolumeIndicator(s)
EHang Holdings Limited Unsponsored ADR stock logo
EH
EHang
$5.22
+2.0%
23,2292,0221048.8%1.09 million
Zoetis Inc. stock logo
ZTS
Zoetis
$76.17
-0.5%
8,0955,08759.1%6.18 million
MannKind Corporation stock logo
MNKD
MannKind
$3.98
-1.2%
6,8494,12666.0%4.59 million
Direxion Daily MU Bull 2X Shares stock logo
MUU
Direxion Daily MU Bull 2X Shares
$28.31
+3.9%
5,3853,28164.1%53.99 million
Celanese Corporation stock logo
CE
Celanese
$44.61
-2.4%
5,5912,138161.5%1.74 million
Taylor Morrison Home Corporation stock logo
TMHC
Taylor Morrison Home
$72.45
+0.4%
3,489415740.7%2.49 million
Nuvation Bio Inc. stock logo
NUVB
Nuvation Bio
$6.27
+8.1%
2,985913226.9%9.02 million
SS&C Technologies Holdings, Inc. stock logo
SSNC
SS&C Technologies
$69.51
-0.1%
3,0762071386.0%1.71 million
CWEB
Direxion Daily CSI China Internet Index Bull 2x Shares
$23.57
+4.6%
2,925790270.3%589,370
AMC Entertainment Holdings, Inc. stock logo
AMC
AMC Entertainment
$2.48
+27.6%
202,00497,301107.6%46.77 million
Shopify Inc. stock logo
SHOP
Shopify
$124.48
+0.7%
100,58950,94897.4%7.94 million
Archer Aviation Inc. stock logo
ACHR
Archer Aviation
$5.33
+19.9%
77,08145,02471.2%30.08 million
Hut 8 Corp. stock logo
HUT
Hut 8
$100.93
+10.4%
25,63319,73329.9%4.07 million
On Holding AG stock logo
ONON
ON
$37.70
+1.3%
25,94310,181154.8%4.43 million
Lamb Weston stock logo
LW
Lamb Weston
$46.53
-0.6%
7,2872,184233.7%1.41 million
Laser Photonics Co. stock logo
LASE
Laser Photonics
$1.09
+17.8%
7,8784,53973.6%7.69 million
Sharplink Gaming Inc. stock logo
SBET
Sharplink Gaming
$6.14
+8.5%
43,26825,16172.0%11.01 million
Super Group (SGHC) Limited stock logo
SGHC
Super Group (SGHC)
$15.57
+5.7%
16,0559,81063.7%2.87 million
XPENG Inc. Sponsored ADR stock logo
XPEV
XPENG
$13.17
-2.6%
41,93923,10181.5%7.09 million
Primo Brands Corporation stock logo
PRMB
Primo Brands
$24.23
-2.4%
37,5414,382756.7%2.75 million
Avantor, Inc. stock logo
AVTR
Avantor
$10.67
-3.6%
25,1422,1551066.7%8.60 million
Nu Holdings Ltd. stock logo
NU
NU
$14.03
+3.2%
123,97474,30966.8%79.16 million

Frequently Asked Questions

Unusual call options activity happens when call trading volume in a stock jumps well above its normal level, which can signal rising bullish interest or a meaningful catalyst.

It can help surface stocks where traders are making aggressive upside bets, which may point to momentum, conviction, or an upcoming event worth researching.

No. It shows elevated positioning, not a guaranteed outcome. Options activity is a signal to investigate, not a prediction by itself.

Large call volume can follow news, analyst changes, technical breakouts, sector momentum, or other events that make traders more bullish on a stock.

Stock volume measures shares traded. Unusual call activity measures options contracts traded relative to that stock’s normal options volume.

Use it as a starting point: review the stock, check the options chain, understand the strategy, and model the trade before acting.