Calls Flood In on Crypto and Cruise Names

Options sentiment shifted bullishly on Wednesday, with the week's top positive scores clustering in crypto, refining and cruise stocks. The signals follow a string of corporate catalysts that moved markets.

RIOT sits front and centre. The bitcoin miner posted Q3 EPS of $0.01 on Wednesday, beating the consensus estimate of -$0.27. Revenue of $181.4M topped the $160.7M forecast. The stock's RSI sits at 29.5, in oversold territory despite the beat. Options expiries run continuously through to January 2027, suggesting traders are positioning across multiple timeframes into what has been a volatile year. The YTD price gain of 10.7% and an analyst return potential of 121% above current price are drawing call interest.

Kraft Heinz generated a different kind of options attention. The company announced the sale of a 70% stake in its North American coffee operations for approximately $500M in net proceeds. Its short score reads 57 and days-to-cover stand at 6.2. Options expiries extend to January 2027, with the nearest print on 6 November, leaving very little time for traders to position ahead of the Q3 earnings call.

Norwegian Cruise Line carries the strongest combined signal among leisure names. Its short score of 65 and 8.1 days-to-cover are the highest in the hospitality cluster appearing in this week's options rankings. RSI sits at 68, approaching overbought levels, while the stock is down 22% year-to-date. That gap between technical momentum and a still-heavy short base makes it a name options traders are watching into its Q3 results.

Fidelity National Information Services added an event risk layer Wednesday. The company announced CFO James Kehoe will step down on 5 November, with Alexandra Brooks named interim CFO. Its nearest listed options expiry is 13 November, one week away.