Jun. 25 at 8:12 PM
Herbalife recorded exceptionally heavy options trading on Thursday, with 32,666 contracts traded. Call options overwhelmingly dominated activity, accounting for 32,592 contracts, while just 74 put contracts changed hands.
The bulk of the volume came from a large August 21, 2026 call spread totaling 32,044 contracts. The strategy involved 16,022 contracts at the
$15 strike and 16,022 contracts at the
$17.50 strike, a position typically used to express a moderately bullish view while limiting costs.
The
$15 call volume far exceeded its open interest of 260 contracts, pointing to significant new positioning. The
$17.50 call had open interest of 16,309 contracts, indicating an existing concentration of interest at that level. The unusually large call activity suggests traders were actively positioning around Herbalife shares.
$HLF