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Markets Score 35 Bullish

Unusual Call Option Volume Spikes for Boeing and Applied Digital

Apr 23, 2026 19:20 UTC
BA, APLD
Immediate term

Significant options trading activity was detected for Boeing and Applied Digital Corporation, with volumes heavily concentrated in short-term call options. Both companies saw trading levels that substantially exceeded their 30-day averages.

  • Boeing options volume hit 123.7% of monthly average
  • BA $240 strike calls saw 5,733 contracts traded
  • Applied Digital options volume hit 88.5% of monthly average
  • APLD $37 strike calls saw 11,480 contracts traded
  • Activity is concentrated in contracts expiring April 24, 2026

Boeing Co. (BA) and Applied Digital Corporation (APLD) experienced a surge in options trading on Thursday, signaling heightened speculative interest ahead of the April 24, 2026, expiration date. Boeing saw a total of 81,191 contracts traded, which represents approximately 8.1 million underlying shares. This activity accounts for roughly 123.7% of the company's average daily trading volume of 6.6 million shares over the past month. Traders showed particular interest in the $240 strike call option, with 5,733 contracts changing hands. Similarly, Applied Digital Corporation recorded a volume of 208,710 contracts, equivalent to approximately 20.9 million underlying shares. This represents 88.5% of APLD's average daily trading volume of 23.6 million shares. The most active contract for the firm was the $37 strike call option, which saw 11,480 contracts traded. This concentration of call buying typically suggests a bullish outlook among options traders, who are betting on a price increase by the Friday expiration. However, such volume spikes can also be attributed to complex hedging strategies or anticipation of undisclosed catalysts.

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