AI linked energy plays are ripping on Thursday as traders pile into bullish options bets. Oklo $OKLO ( ▼ 6.25% ) is up double digits with more than 106,000 calls traded by mid afternoon, over twice its 20 day average, and activity is concentrated in the now in the money $110 calls expiring Friday. The put call ratio sits around 0.6, signaling strong bullish skew.
Nuscale $SMR ( ▼ 6.39% ) is seeing similar momentum with nearly 140,000 calls traded, almost triple its typical volume. Bloom Energy $BE ( ▲ 0.92% ) has traded close to 80,000 calls, about double its norm, and the flow is heavily tilted toward the bull side with a put call ratio near 0.3.
A fresh catalyst is helping fuel the frenzy. Nvidia CEO Jensen Huang told Joe Rogan this week that small nuclear reactors could become widespread within six or seven years. That comment has poured gasoline on a trade that had cooled off during the AI and quantum pullback from mid October through most of November. Investors are now betting that the speculative bid is back.