Stock Markets July 10, 2026 12:36 PM

Options Activity in Circle Internet Jumps to 195,548 Contracts as Calls Dominate

Call contracts account for the bulk of volume while shares climb and short-term volatility edges lower

By Ajmal Hussain
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Options volume in Circle Internet Group Inc. surged to 195,548 contracts by 12:20 p.m. New York time on Friday, with calls making up 151,751 contracts and puts 43,797 contracts. Several July 10, 2026 call strikes led activity, and Circle shares rose 5.49% to $66.47. Three-month volatility eased slightly to 88.93% while the three-month 90/110 skew moved to negative 0.33 percentage points.

Options Activity in Circle Internet Jumps to 195,548 Contracts as Calls Dominate
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Key Points

  • Total options volume in Circle Internet reached 195,548 contracts by 12:20 p.m. New York time on Friday, with calls at 151,751 contracts and puts at 43,797 contracts.
  • July 10, 2026 call strikes dominated activity, led by the $70 call (11,442 contracts, open interest 4,425) and the $75 call (9,368 contracts, open interest 8,489).
  • Circle shares advanced 5.49% to $66.47; three-month volatility decreased to 88.93% and the three-month 90/110 skew moved to negative 0.33 percentage points.

Options activity in Circle Internet Group Inc. reached 195,548 contracts as of 12:20 p.m. New York time on Friday, according to exchange data compiled by Bloomberg. Call volume accounted for the majority of trades, totaling 151,751 contracts, while put volume totaled 43,797 contracts.

The most actively traded option during the session was the July 10, 2026 $70 call, which recorded 11,442 contracts and had open interest of 4,425 contracts. Other heavily traded call strikes included the July 10, 2026 $72 call with 9,502 contracts and open interest of 769 contracts, the July 10, 2026 $75 call with 9,368 contracts and open interest of 8,489 contracts, and the July 10, 2026 $69 call with 6,868 contracts and open interest of 1,166 contracts.

On the put side, the most active instrument identified was the July 17, 2026 $45 put, which represented 5,544 contracts and showed open interest of 3,167 contracts.

Equity movement accompanied the options flow. Circle Internet shares rose 5.49% to trade at $66.47 on Friday.

Measures of short-term option pricing showed modest movement. The company’s three-month volatility declined by 0.22 percentage points to 88.93%. Meanwhile, Circle Internet’s three-month 90/110 skew increased by 0.12 percentage points, arriving at negative 0.33 percentage points.

Open interest contract figures are reported as of July 9 except where noted otherwise.


Context and implications

The session’s data highlights a heavy concentration of traded contracts in a subset of July 2026 expirations, with multiple call strikes among the top volume leaders and a single put strike leading put-side activity. Alongside the options flow, the share price move and the changes in three-month volatility and skew are part of the same snapshot of market activity for the company.

Where the data is concerned, open interest figures are time-stamped as of July 9 except where otherwise stated, which is a relevant consideration for interpreting the snapshot of positions reported here.

Risks

  • The options data represents a snapshot and open interest figures are listed as of July 9 except where otherwise noted, which may limit how current the reported positions appear.
  • High aggregate options volume concentrated in a small set of July 2026 strikes indicates clustered positioning in those expirations, which can affect liquidity and price dynamics in the related contracts.
  • Elevated three-month volatility at 88.93% reflects substantial option-implied price variability for the period, indicating market participants are pricing in significant near-term uncertainty for the stock.

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