X-Energy options volume surged early today as traders position for significant price movement. Volume exceeded 30,000 contracts, highlighted by a 20,000-contract straddle at the $20 strike price for September expiration. This straddle strategy profits from high volatility in either direction, indicating anticipation of a major market catalyst.
Speculation centers on the company’s role in powering AI infrastructure with its Xe-100 advanced small modular reactor. The reactor design targets the continuous power requirements of modern data centers. X-Energy maintains a customer pipeline including Dow, Amazon, and Centrica as it transitions toward commercial deployment.