Stock Markets June 17, 2026 03:16 PM

Options Volume Surges in Sezzle Contracts, July Calls Draw the Most Interest

Single-day trading concentrates on near-term July calls and a multi-legged May 2027 collar strategy

By Leila Farooq
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SEZL

Options activity in Sezzle Inc. climbed to 9,087 contracts by 2:50 p.m. New York time on Wednesday, with call options dominating the flow. The July 17, 2026 $190 call saw the heaviest single-strike volume, while a multi-leg collar with May 21, 2027 expirations also accounted for a notable portion of trades.

Options Volume Surges in Sezzle Contracts, July Calls Draw the Most Interest
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Key Points

  • Total option volume reached 9,087 contracts by 2:50 p.m. New York time on Wednesday, with 8,034 calls and 1,053 puts.
  • The July 17, 2026 $190 call was the single most-traded contract at 2,508 contracts and had no prior open interest; other heavily traded July calls included the $200 (1,372 contracts, no open interest) and $175 (1,169 contracts against 1,002 open interest).
  • A three-leg collar structure expiring May 21, 2027 accounted for 1,485 contracts comprised of 495 $160 calls (501 OI), 495 $200 calls (0 OI), and 495 $100 puts (6 OI).

Options trading in Sezzle Inc. reached 9,087 contracts by 2:50 p.m. New York time on Wednesday, according to exchange tallies compiled by Bloomberg. Calls made up the bulk of that activity, totaling 8,034 contracts, while puts represented 1,053 contracts.

The single most-active contract was the July 17, 2026 $190 call, which changed hands for 2,508 contracts. That particular strike showed no pre-existing open interest at the time of the trades.

A separate cluster of activity involved a three-way collar structure with contracts expiring May 21, 2027. That sequence of trades amounted to 1,485 contracts in total and was built from three legs - 495 $160 calls, 495 $200 calls, and 495 $100 puts. Within that set, the 495 $160 calls carried 501 contracts of open interest, the 495 $200 calls showed zero open interest, and the 495 $100 puts had six contracts in open interest.

Other concentrated pockets of trading included the July 17, 2026 $200 call, which recorded 1,372 contracts and likewise had no open interest at the time, and the July 17, 2026 $175 call, where 1,169 contracts were exchanged against an existing open interest of 1,002 contracts.

These figures highlight a day in which traders focused heavily on near-term July call strikes for Sezzle while also executing a structured collar that extends into May 2027. The distribution shows a marked preference for call exposure in the session summarized above.


Market context

The trading snapshot described above reflects activity concentrated in Sezzle option strikes dated July 17, 2026 and May 21, 2027. Calls accounted for the majority of contracts traded in the session measured at 2:50 p.m. New York time.


Data note

All contract counts, strike prices, expirations, and open-interest figures quoted here are taken from exchange data compiled by Bloomberg and correspond to the transactions and open-interest levels reported for the time period specified.

Risks

  • Concentration of trades in specific July 2026 call strikes may increase short-term price sensitivity in the options market for Sezzle - this could affect derivatives liquidity for the fintech and broader financial markets.
  • The collar strategy spanning May 21, 2027 shows mixed open-interest profiles across its legs, which could introduce execution and rollover uncertainty for participants active in structured option positions in the consumer-finance sector.

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