Stock Markets June 29, 2026 12:35 PM

Options Activity in Viking Holdings Skews Heavily Toward Puts; One July Put Dominates Volume

Total contracts approach 4,900 by midday as put trades eclipse calls and short-dated series see concentrated flow

By Nina Shah
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Viking Holdings Ltd. saw pronounced options activity on Monday, with 4,852 contracts traded by 12:30 p.m. New York time. Put trades made up the vast majority of volume, led by a July 17, 2026 $100 put that accounted for more than 3,100 contracts. The underlying share price ticked up 0.67% to $103.95 while short-term volatility and skew moved modestly.

Options Activity in Viking Holdings Skews Heavily Toward Puts; One July Put Dominates Volume
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Key Points

  • Options trading in Viking Holdings reached 4,852 contracts by 12:30 p.m. New York time, with puts dominating at 4,793 contracts while calls totaled 59 contracts.
  • A single series, the July 17, 2026 $100 put, accounted for 3,131 contracts of volume; the August 21, 2026 $80 put added 1,500 contracts. Open interest figures are provided as of June 26 unless otherwise noted.
  • Market measures moved modestly: Viking's three-month volatility fell to 41.96% and the three-month 90/110 skew rose to 5.91 percentage points. Sectors impacted include options/derivatives trading and equity market activity.

Trading in options on Viking Holdings Ltd. accelerated on Monday, with exchange data compiled by Bloomberg showing 4,852 contracts had exchanged hands by 12:30 p.m. New York time.

Call activity was limited: 59 call contracts traded during the same session, marking the highest daily call volume in that series since December 24, 2025. Put contracts comprised the bulk of the session's activity, with 4,793 puts traded by midafternoon.

Activity was concentrated in a small number of strike-dated combinations. The July 17, 2026 $100 put represented the largest single series, with 3,131 contracts traded and open interest reported at 623 contracts. Another active position was the August 21, 2026 $80 put, which accounted for 1,500 contracts of the day's volume and showed open interest of 1,550 contracts.

Shares of Viking Holdings rose 0.67% on Monday, trading at $103.95 during the reported session.

Measures of option-implied risk moved slightly: the company's three-month volatility fell 0.19 percentage points to 41.96%. At the same time, the three-month 90/110 skew increased by 3.71 percentage points, arriving at 5.91 percentage points.

Readers should note that open interest contract figures are as of June 26 unless otherwise stated.


Session snapshot - key figures

  • Total option contracts traded by 12:30 p.m. New York time: 4,852
  • Call volume: 59 (highest since Dec. 24, 2025)
  • Put volume: 4,793
  • July 17, 2026 $100 put: 3,131 contracts traded; open interest 623
  • August 21, 2026 $80 put: 1,500 contracts traded; open interest 1,550
  • Viking Holdings share price on Monday: $103.95, up 0.67%
  • Three-month volatility: 41.96% (down 0.19 percentage points)
  • Three-month 90/110 skew: 5.91 percentage points (up 3.71 percentage points)

The data reflect intraday trading through the midday pivot and are based on exchange records compiled by Bloomberg. The distribution of volume across call and put contracts and the concentration in a limited number of series are the most notable features of the session.

Risks

  • High concentration in a single option series - the July 17, 2026 $100 put made up a large portion of the day's volume, creating concentrated exposure in that strike (affects derivatives and options market participants).
  • Open interest data are stated as of June 26; intraday changes after that date may not be captured, which could affect assessments of outstanding positioning (affects traders and analysts relying on open interest figures).
  • Movements in short-term implied volatility and skew may influence option pricing and hedging costs for market participants, introducing uncertainty for those using options strategies (impacts options market and equity hedgers).

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