AI energy plays soar on an explosion of call buying
AI-linked energy stocks are experiencing a surge in bullish options activity. Oklo's call volumes have more than doubled, Nuscale has seen nearly 140,000 call options traded, and Bloom Energy has traded nearly 80,000 calls. Nvidia CEO Jensen Huang highlighted the potential for nuclear energy, adding to the speculative interest in these stocks.
Like their quantum computing counterparts, AI-linked energy plays are benefiting from an explosion of bullish options activity on Thursday.
- Oklo is up double digits with call volumes above 106,000 as of 2:46 p.m. ET, more than double its 20-day average for a full session, with a put/call ratio of about 0.6. Call options with a strike price of $110 that expire this Friday (which are now in-the-money thanks to today’s surge) are seeing the most activity.
- Nuscale, another nuclear energy play, seen nearly 140,000 call options change hands versus a 20-day average of 51,073.
- And fuel cell company Bloom Energy has traded nearly 80,000 calls, roughly twice its 20-day average, with a put/call ratio of about 0.3.
During his appearance on Joe Rogan’s podcast released on Wednesday, Nvidia CEO Jensen Huang talked up the potential for nuclear energy, saying, “In the next 6-7 years I think you are going to see a whole bunch of small nuclear reactors.”
This adds to the evidence that the speculative bid is back in a big way after smaller stocks tied to the AI boom and quantum computing cratered from mid-October through most of November as credit risk began to seep into the AI trade.
