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Notable Friday Option Activity: SPCE, MXL, CIEN


Joel Kornblau, Editor, Stock Options Channel - Friday, July 18, 2025, 4:04 PM

A master of options trading raises his hands in celebration on the floor of the stock exchange.

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Virgin Galactic Holdings Inc (SPCE), where a total volume of 36,400 contracts has been traded thus far today, a contract volume which is representative of approximately 3.6 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 113.4% of SPCE's average daily trading volume over the past month, of 3.2 million shares. Especially high volume was seen for the $4 strike call option expiring July 18, 2025, with 6,435 contracts trading so far today, representing approximately 643,500 underlying shares of SPCE. Below is a chart showing SPCE's trailing twelve month trading history, with the $4 strike highlighted in orange:

MaxLinear Inc (MXL) options are showing a volume of 8,534 contracts thus far today. That number of contracts represents approximately 853,400 underlying shares, working out to a sizeable 87.8% of MXL's average daily trading volume over the past month, of 972,200 shares. Particularly high volume was seen for the $15 strike put option expiring August 15, 2025, with 3,528 contracts trading so far today, representing approximately 352,800 underlying shares of MXL. Below is a chart showing MXL's trailing twelve month trading history, with the $15 strike highlighted in orange:

And Ciena Corp (CIEN) saw options trading volume of 19,542 contracts, representing approximately 2.0 million underlying shares or approximately 83.1% of CIEN's average daily trading volume over the past month, of 2.4 million shares. Especially high volume was seen for the $85 strike put option expiring July 18, 2025, with 17,484 contracts trading so far today, representing approximately 1.7 million underlying shares of CIEN. Below is a chart showing CIEN's trailing twelve month trading history, with the $85 strike highlighted in orange:

For the various different available expirations for SPCE options, MXL options, or CIEN options, visit StockOptionsChannel.com.

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