X-Energy, Inc. saw significant bearish options activity on August 18, 2026. Put volume traded at four times its expected level. Approximately 2,273 put contracts traded. The Put/Call Ratio reached a high of 2.94. The most active options were the August 2026 $20 puts and $25 calls. This put buying suggests traders anticipate a potential near-term stock price decline.

The increased options activity follows the company's second-quarter 2026 earnings report on August 13. Earnings reports often increase volatility. This bearishness in the options market provides insight into current investor sentiment. The market is digesting the company's latest financial results and operational updates.