AI energy plays surge amid one-way bullish options traffic

The smaller, more speculative AI-linked energy plays are back in full boom mode on Tuesday, driven by a speculative bid in the options market.

Zero-revenues nuclear firm Oklo is up nearly 9% as of 10:10 a.m. ET. Its put/call ratio is below 0.3, compared to a 20-day average of 1.05.
Fuel cell company Bloom Energy is likewise seeing mainly one-way traffic, with a put/call ratio of 0.3 versus a 20-day average of 0.7.
The options action is even more lopsided in hydrogen fuel cell company and on-again, off-again meme stock Plug Power. Its put/call ratio is a paltry 0.05 compared to a 20-day average of 0.2.

For Plug and Oklo, the most actively traded contracts are calls that expire this Friday. For Bloom, it’s a call that expires on December 19.

These companies had all cratered amid a broad retrenchment in speculative stocks since mid-October as credit risk began to seep into the AI trade.

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