Unusual Options Volume Report: STLA, CCXI, GLND

Three stocks are seeing unusual options volume this morning, as traders react to a flurry of company-specific headlines. Stellantis NV (NYSE:STLA), Churchill Capital Corp XI (NASDAQ:CCXI), and Greenland Energy Company (NASDAQ:GLND) are all drawing elevated activity, though options sentiment is mixed.

STLA stock is down 4.4% to trade at $4.26, earlier hitting a 10-year low of $4.24. Yesterday, the automaker reported estimated third-quarter shipments of 1.3 million vehicles, down 1% year over year. Options volume is running at 2.2 times the usual intraday pace, with 20,497 contracts exchanged so far. Traders are leaning bearish, with negative net option delta volume of roughly 1,000 shares.

CCXI stock is down 3.6% at $10.76, despite news that the Securities and Exchange Commission (SEC) declared its Form S-4 registration statement effective for its proposed merger with Agility Robotics. Shareholders will vote on the deal Nov. 2. Options volume is running at 2.9 times the average intraday amount, with 19,192 contracts traded. Sentiment is bearish, with net option delta volume at negative 4,848 shares.

GLND stock is surging 75.6% to trade at $3.88, heading for its first positive October session, after President Donald Trump announced plans for large-scale oil, gas, and mineral exploration in Greenland. Options traders are leaning bullish, with a positive net option delta volume of 11,948 shares. So far, 19,953 contracts have changed hands, or 5.1 times the typical intraday volume.