Trading in options tied to Hermes International increased to 3,688 contracts at 10:10 a.m. New York time on Friday, based on exchange data. The session saw call activity exceed put activity, with call volume reaching 2,183 contracts and put volume totaling 1,505 contracts.
Certain strikes accounted for a large share of the flow. The June 19, 2026 EUR1,700 call represented 1,363 contracts and showed open interest of 1,242 contracts. On the put side, the July 17, 2026 EUR1,600 put made up 1,000 contracts with open interest of 376 contracts. A December 17, 2027 EUR1,800 call contributed 500 contracts and had zero recorded open interest. The open interest figures are noted as of June 4 unless otherwise indicated.
Equity movement accompanied the options activity. Hermes shares advanced 1.86% to trade at 1,612 euros during the period reported. At the same time, measures of short-term option pricing moderated: three-month volatility declined by 0.86 percentage points to 32.56%, and the three-month 90/110 skew fell 0.29 percentage points to 1.66 percentage points.
The concentration of contracts across a few nearby expiries and strikes highlights where traders placed recent directional and hedging bets. The largest single package was the June 19, 2026 EUR1,700 call, which accounted for more than one-third of the day’s total options flow by contract count.
While the percentage rise in the share price accompanied the options flow, the reported changes in volatility and skew indicate a modest easing in short-dated option premiums and a slight compression in relative pricing between downside and upside strikes for the three-month horizon.
Data note: The open interest contract numbers referenced are dated as of June 4 except where specifically noted.