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Stock Markets June 30, 2026 10:33 AM

Options Activity in AeroVironment Surges to 24,316 Contracts as Stock Jumps

Heavy trading centers on near-term puts and calls as implied volatility and skew move lower

By Maya Rios
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AeroVironment Inc. saw total options volume reach 24,316 contracts at 10:31 a.m. New York time on Tuesday, with call and put trades nearly evenly split. The companys shares climbed 21.4% to $168.71 while measures of implied volatility and skew eased during the session. Several short-dated contracts led volume, including a July 2 $150 put that accounted for more than 3,200 trades.

Options Activity in AeroVironment Surges to 24,316 Contracts as Stock Jumps
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Key Points

  • Total options volume for AeroVironment reached 24,316 contracts at 10:31 a.m. New York time, with calls at 12,857 and puts at 11,459.
  • The July 2 $150 put was the busiest contract with 3,213 trades and open interest of 196; other active contracts included July 2 $180 call, July 2 $170 call, July 17 $140 put, and July 10 $210 call.
  • AeroVironment's stock rose 21.4% to $168.71 while three-month implied volatility fell to 72.39% and the three-month 90/110 skew decreased to 1.53 percentage points.

Options activity in AeroVironment Inc. accelerated sharply on Tuesday morning, with total contracts traded reaching 24,316 at 10:31 a.m. New York time. Exchange data showed call volume of 12,857 contracts and put volume of 11,459 contracts during that interval.

Trading was concentrated in several short-dated strikes. The single most active contract was the July 2 $150 put, which recorded 3,213 contracts traded and had open interest of 196 contracts. Other notable July 2 activity included the $180 call with 640 contracts traded and open interest of 257 contracts, and the $170 call with 587 contracts traded and open interest of 342 contracts.

Additional option contracts that drew significant volume were:

  • The July 17 $140 put - 547 contracts traded; open interest 100 contracts.
  • The July 10 $210 call - 518 contracts traded; open interest 26 contracts.

On the underlying equity, AeroVironment shares rose 21.4% to trade at $168.71 during the session. Market-derived volatility and skew metrics moved lower: the company's three-month implied volatility fell by 15.34 percentage points to 72.39%, while the three-month 90/110 skew declined 2.68 percentage points to 1.53 percentage points.

The composition of volume - with 12,857 calls and 11,459 puts - and the concentration in several near-term strikes underscore the sessions intense, short-dated positioning. Open interest on the busiest contracts varied, with some heavily traded strikes showing relatively modest carrying positions following the trades.

Market participants monitoring AeroVironment will note both the sharp move in the stock price and the simultaneous easing of implied volatility and skew measures. The combination of elevated trade counts, concentrated short-dated activity, and changes in volatility metrics provides a snapshot of heightened trading interest in the equity and its derivatives during the referenced time window.

Data snapshot (at 10:31 a.m. New York time):

  • Total options traded: 24,316 contracts
  • Call volume: 12,857 contracts
  • Put volume: 11,459 contracts
  • Most active contract: July 2 $150 put - 3,213 contracts; open interest 196
  • Stock price: $168.71 (up 21.4%)
  • Three-month volatility: 72.39% (down 15.34 percentage points)
  • Three-month 90/110 skew: 1.53 percentage points (down 2.68 percentage points)

Risks

  • Concentrated volume in short-dated contracts - Several of the most heavily traded strikes were near-term, which may reflect transient positioning and short-lived exposure in the options market - this affects derivatives traders and short-term equity holders.
  • Disparity between traded volume and open interest - The busiest contracts showed relatively modest open interest in some cases (for example, the July 2 $150 put had 3,213 contracts traded but open interest of 196), indicating that much of the activity could be intra-day and potentially reversible - this creates uncertainty for market makers and liquidity providers.
  • High implied volatility despite recent decline - Although three-month implied volatility fell by 15.34 percentage points to 72.39%, the level remains elevated, implying the potential for significant underlying price moves that impact investors in the stock and options markets.

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