3 Stocks Seeing Explosive Options Volume Today

Lululemon Athletica Inc (NASDAQ:LULU) is down 17.7% at $100.25, trading at eight-year lows after the retailer issued disappointing current-quarter and full-year guidance. Second-quarter revenue also missed estimates, though a tariff refund helped earnings beat expectations. So far, 286,000 options have changed hands, or eight times the usual intraday volume, with puts accounting for 57% of the total. Expiring today, the most active contracts are the weekly 9/4 100-strike put 98-strike put in the same series, with new positions opening at both. 

GoPro Inc (NASDAQ:GPRO) is up 28.8% at $1.79, extending its recent surge following news of its $285 million merger with Starman Optical and plans to pivot toward AI solutions. The deal will clear GoPro's $92 million cash debt and pay shareholders $1.14 per share, with GPRO up 188% in the last week. Options volume is running at 3.8 times the usual intraday amount, with 160,000 contracts exchanged so far and calls accounting for 77% of the total. The standard series September 2.00 call is the most active contract, with new positions being bought to open there.

UiPath Inc (NYSE:PATH) is down 16% at $15.33 despite the automation software company reporting second-quarter revenue of $410 million, above the $397.8 million analysts expected, and raising its full-year revenue outlook. Instead, Wall Street is focusing on concerns that intensifying AI competition could pressure future growth, while Canaccord Genuity downgraded the shares to "hold" from "buy." Options volume is running at 2.7 times the usual intraday amount, with 144,000 contracts exchanged and calls accounting for 56% of the total. New positions are being opened at the most active contract, the December 15 put.