Significant Options Activity on Tuesday: SPOT, AAP, PHR
Advance Auto Parts Options Activity: Advance Auto Parts Inc (AAP) has seen a significant options volume of 8,843 contracts today, equating to about 884,300 underlying shares, which is 68.6% of its average daily trading volume over the past month.
High Volume Call Option for AAP: The $100 strike call option expiring on January 16, 2026, has particularly high activity, with 3,565 contracts traded, representing approximately 356,500 underlying shares.
Phreesia Inc Options Activity: Phreesia Inc (PHR) has recorded an options volume of 6,704 contracts today, representing around 670,400 underlying shares, or 67.4% of its average daily trading volume over the past month.
High Volume Call Option for PHR: The $20 strike call option expiring on December 18, 2026, has seen notable trading, with 2,454 contracts exchanged, corresponding to approximately 245,400 underlying shares.
Get Free Real-Time Notifications for Any Stock
Analyst Views on SPOT
About SPOT
About the author

Spotify Paid Over $11 Billion to Music Industry in 2023
- Historic Payout: In 2023, Spotify paid over $11 billion to the music industry, marking the largest annual payment from a retailer in history, underscoring its significant influence in the music streaming market.
- Support for Independent Artists: Spotify's payouts grew by over 10% in 2025, with independent artists and labels accounting for 50% of all royalties, indicating the company's commitment to diversifying its artist base to enhance platform appeal.
- Revenue-Payout Relationship: Spotify noted that its payments to the music industry represent nearly 70% of its revenue, illustrating a sustainable business model where increased revenues lead to higher music payouts.
- User Growth and Pricing Strategy: As of Q3, Spotify had 713 million monthly active users and recently raised prices for its premium subscription plans in several markets, leveraging its large user base to drive profit growth.

2026 Bull Market Faces New Challenges and Opportunities
- Market Dynamics Shift: The bull market in 2026, now in its fourth year, is seeing core drivers like AI supremacy being supplanted by a revival of the Old Economy, indicating a search for new growth catalysts to sustain the upward trend.
- Small-Cap Outperformance: The Russell 2000 has outperformed since the start of the year, reflecting pent-up demand for lagging, lower-quality stocks rather than a robust economic recovery, highlighting the complexity of market sentiment.
- Tech Valuation Pressure: With Alphabet, Microsoft, and Meta ramping up data center capex, the Nasdaq 100's forward price-to-free-cash-flow ratio has surged from 24 at the end of 2023 to 32, suggesting a waning confidence in tech stocks.
- Investor Sentiment Optimism: Despite the optimistic market sentiment and record retail investor engagement, excessive confidence could pose volatility risks in the future, especially amid potential economic uncertainties.









