Options market activity in nLIGHT Inc. accelerated sharply on Monday morning, with aggregate contract volume reaching 8,936 by 11:40 a.m. New York time, according to exchange data compiled by Bloomberg.
The session was dominated by puts. Call option volume stood at 472 contracts, while put volume climbed to 8,464 contracts - the highest single-session put activity for the name since November 6, 2020. The outsized put flow was concentrated in a single strike and expiration: the December 18, 2026 $40 put accounted for 8,259 contracts of the day’s total.
Open interest for that specific December 2026 $40 put was listed at 40 contracts as of June 5, indicating that the intraday executed volume greatly exceeded previously outstanding positions in that series.
On the equity side, nLIGHT shares were trading at $67.87, an increase of 3.07% on the session. Volatility measures showed movement across the near-term curve - the company’s three-month volatility rose by 2.58 percentage points to 105.23%. At the same time, the three-month 90/110 skew eased down by 0.17 percentage points to 0.36 percentage points.
The combination of concentrated put contracts, a rise in short-term implied volatility and a modest narrowing of skew illustrates elevated options market attention around the stock during the trading session. The open interest contrast between the heavy intraday volume in the December $40 puts and the previously recorded 40 contracts of open interest for that series highlights how much of the activity was executed on the day rather than drawn from existing positions.
Market data source: Exchange data compiled by Bloomberg.