Circle Internet Group (CRCL) saw a significant wave of bullish sentiment on Friday as options trading activity surged. Traders exchanged 25,625 call options, a figure 1.4 times higher than the expected volume.
The spike in activity accompanied a rise in the stock's implied volatility. A low Put/Call ratio of 0.46 suggests that traders are positioning for a continued increase in the CRCL share price.
This momentum follows a broader rally in the cryptocurrency market driven by gains in Bitcoin and Ethereum. Among major traders, 62% of significant options transactions currently exhibit a bullish bias.