Stock Track | NANO Nuclear Energy Soars 7.78% on Bullish Options Trading

Stock Track

2024-12-21

NANO Nuclear Energy Inc (NNE) shares surged 7.78% in Friday's trading session, fueled by a surge in bullish options trading activity.

According to data from option trade monitoring firms, there was above-normal call option volume for NNE on Friday, with over 13,600 call contracts trading - 1.5 times the expected level. The heightened call activity also caused implied volatility to spike nearly 8 percentage points.

The strong bullish options flow suggests investors are positioning for further upside in NNE shares, potentially driven by positive expectations surrounding the company's nuclear energy technology or upcoming catalysts. The heavy call buying was likely a key driver behind the stock's 7.78% intraday rally.

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