Significant Options Activity on Tuesday: SPOT, AAP, PHR
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 09 2025
0mins
Should l Buy SPOT?
Source: NASDAQ.COM
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.
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Analyst Views on SPOT
Wall Street analysts forecast SPOT stock price to rise
21 Analyst Rating
15 Buy
6 Hold
0 Sell
Moderate Buy
Current: 485.290
Low
525.00
Averages
750.79
High
900.00
Current: 485.290
Low
525.00
Averages
750.79
High
900.00
About SPOT
Spotify Technology SA a Luxembourg-based company, which offers digital music-streaming services. The Company enables users to discover new releases, which includes the latest singles and albums; playlists, which includes ready-made playlists put together by music fans and experts, and over millions of songs so that users can play their favorites, discover new tracks and build a personalized collection. Its users can either select Spotify Free, which includes only shuffle play or Spotify Premium, which encompasses a range of features, such as shuffle play, advertisement free, unlimited skips, listen offline, play any track and audio. The Company operates through a number of subsidiaries, including Spotify LTD and is present in over 20 countries. Its service offers a music listening experience without commercial breaks.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Surge in Revenue and Profit: Spotify's total revenue reached $20.4 billion, with premium subscribers accounting for 89% of this revenue, while annual net income soared by 94% year-over-year to $2.6 billion, indicating substantial progress in profitability and sustainable growth.
- Leading Technological Innovation: In 2025, Spotify introduced over 50 new features, including the AI-powered Prompted Playlist tool, which enhances user control over content, expected to increase user engagement on the platform, thereby generating more revenue for creators and artists.
- Rapid Growth in Video Podcasts: Spotify's investment in video podcasts has led to the addition of over 530,000 video podcasts, with consumption soaring by 90% since the launch of a new partner program, which not only boosts user engagement but also opens new revenue streams for the company.
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- Revenue and Profit Doubling: Despite a 66% drop from all-time highs, Adyen's revenue and net income have more than doubled since the pandemic, with the latest quarter showing a 21% year-over-year increase in net revenue in constant currency, indicating significant business scale growth.
- Innovative Product Driving Conversions: The newly launched Dynamic Identification tool aids merchants in filtering fraudulent buyers, resulting in a 6% increase in customer conversions during tests, which not only enhances customer satisfaction but also potentially drives future payment processing volume growth.
- Robust Financial Outlook: Management anticipates revenue growth of 20% to 22% in 2026, slightly below analyst expectations but still above the overall payments market, combined with an EBITDA margin expected to exceed 55%, positioning Adyen's stock to outperform the market over the next five years.
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- Continuous Market Share Growth: Adyen has consistently gained market share in the payments sector, with processed transaction volume increasing by 12% year-over-year in the second half of 2025, and 19% when excluding an unprofitable customer, indicating the strength of its product offerings.
- Exceptional Profit Margins: The company achieved a 54% pretax income margin in the second half of last year, coupled with a 21% increase in net revenue, demonstrating its ability to attract customers without significant discounts or marketing pushes, thereby reinforcing its market position.
- Future Growth Expectations: Management anticipates revenue growth of 20% to 22% in 2026, slightly below analyst expectations but still above the overall payments market growth, with EBITDA margins expected to exceed 55% by 2028.
See More
High Options Trading Volume for Spotify and Delta Air Lines
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- High Put Option Activity: Within Spotify, the $420 strike put option is particularly active, with 2,067 contracts traded today, representing around 206,700 underlying shares, reflecting investor expectations of potential price declines.
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- Active Put Option Trading: For Delta, the $67.50 strike put option has seen 3,880 contracts traded, involving approximately 388,000 shares, indicating investor focus on potential stock price fluctuations.
See More
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- Portfolio Changes: Bridgewater Associates made significant adjustments to its investment portfolio in the fourth quarter.
- Exiting Investments: The hedge fund exited its position in a major wireless carrier as part of its strategy.
- Healthcare Holdings: Bridgewater also readjusted its investments in the healthcare sector.
- Market Position: As the largest hedge fund globally by assets under management, these changes reflect its ongoing strategy to optimize performance.
See More
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- Amazon Market Dominance: Amazon accounts for approximately 40% of U.S. online retail sales, and despite this being less than one-fifth of total retail spending, its Prime subscription service with over 200 million members and unmatched supply chain make it an ideal long-term investment.
- Netflix Industry Pioneer: With around 325 million paid subscribers, Netflix is poised for future innovation and monetization through its pending $82.7 billion acquisition of Warner Bros. and related brands, which is expected to provide a decade-long runway for growth and solidify its leadership in streaming.
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- MercadoLibre Growth Potential: As a leading e-commerce and digital payments platform in Latin America, MercadoLibre has seen nearly 130% revenue growth over the past three years, accelerating the adoption of modern technologies during the pandemic, with a current market cap of $10 billion, indicating strong future growth prospects.
See More
Spotify Achieves Record Performance in 2025
- Significant User Growth: Spotify ended 2025 with 751 million monthly active users, an 11% increase year-over-year, with 476 million free users and 290 million paying subscribers, showcasing its strong capabilities in user conversion and retention, further solidifying its market leadership.
- Surge in Revenue and Profit: Spotify's total revenue reached $20.4 billion, with premium subscribers accounting for 89% of this revenue, while annual net income soared by 94% year-over-year to $2.6 billion, indicating substantial progress in profitability and sustainable growth.
- Leading Technological Innovation: In 2025, Spotify introduced over 50 new features, including the AI-powered Prompted Playlist tool, which enhances user control over content, expected to increase user engagement on the platform, thereby generating more revenue for creators and artists.
- Rapid Growth in Video Podcasts: Spotify's investment in video podcasts has led to the addition of over 530,000 video podcasts, with consumption soaring by 90% since the launch of a new partner program, which not only boosts user engagement but also opens new revenue streams for the company.
See More
Adyen Stock Presents Buying Opportunity Amid Price Decline
- Market Share Growth: Adyen has consistently increased its share in the global payments market, with processed payment volume rising 12% year-over-year in the second half of 2025, and 19% excluding the impact of an unprofitable customer, demonstrating its ability to expand in a competitive landscape.
- Revenue and Profit Doubling: Despite a 66% drop from all-time highs, Adyen's revenue and net income have more than doubled since the pandemic, with the latest quarter showing a 21% year-over-year increase in net revenue in constant currency, indicating significant business scale growth.
- Innovative Product Driving Conversions: The newly launched Dynamic Identification tool aids merchants in filtering fraudulent buyers, resulting in a 6% increase in customer conversions during tests, which not only enhances customer satisfaction but also potentially drives future payment processing volume growth.
- Robust Financial Outlook: Management anticipates revenue growth of 20% to 22% in 2026, slightly below analyst expectations but still above the overall payments market, combined with an EBITDA margin expected to exceed 55%, positioning Adyen's stock to outperform the market over the next five years.
See More
Adyen's Stock Plummets While Revenue Doubles
- Significant Stock Decline: Adyen's stock has plummeted 66% over the past five years, despite the company doubling its revenue and net income during this period, reflecting market concerns about its future prospects, particularly after management lowered the fiscal 2026 outlook.
- Continuous Market Share Growth: Adyen has consistently gained market share in the payments sector, with processed transaction volume increasing by 12% year-over-year in the second half of 2025, and 19% when excluding an unprofitable customer, indicating the strength of its product offerings.
- Exceptional Profit Margins: The company achieved a 54% pretax income margin in the second half of last year, coupled with a 21% increase in net revenue, demonstrating its ability to attract customers without significant discounts or marketing pushes, thereby reinforcing its market position.
- Future Growth Expectations: Management anticipates revenue growth of 20% to 22% in 2026, slightly below analyst expectations but still above the overall payments market growth, with EBITDA margins expected to exceed 55% by 2028.
See More
High Options Trading Volume for Spotify and Delta Air Lines
- Spotify Options Volume: Spotify's options trading reached 17,324 contracts, equivalent to approximately 1.7 million shares, representing about 42% of its average daily trading volume of 4.1 million shares over the past month, indicating strong market interest in its future performance.
- High Put Option Activity: Within Spotify, the $420 strike put option is particularly active, with 2,067 contracts traded today, representing around 206,700 underlying shares, reflecting investor expectations of potential price declines.
- Delta Air Lines Options Volume: Delta Air Lines saw options trading of 34,605 contracts, equivalent to approximately 3.5 million shares, or about 41.8% of its average daily trading volume of 8.3 million shares over the past month, suggesting sustained trading interest in its stock.
- Active Put Option Trading: For Delta, the $67.50 strike put option has seen 3,880 contracts traded, involving approximately 388,000 shares, indicating investor focus on potential stock price fluctuations.
See More
Bridgewater Associates Acquires Dell and UnitedHealth, Divests AT&T Shares
- Portfolio Changes: Bridgewater Associates made significant adjustments to its investment portfolio in the fourth quarter.
- Exiting Investments: The hedge fund exited its position in a major wireless carrier as part of its strategy.
- Healthcare Holdings: Bridgewater also readjusted its investments in the healthcare sector.
- Market Position: As the largest hedge fund globally by assets under management, these changes reflect its ongoing strategy to optimize performance.
See More
Consumer Spending Fuels Rise of Innovative Giants
- Amazon Market Dominance: Amazon accounts for approximately 40% of U.S. online retail sales, and despite this being less than one-fifth of total retail spending, its Prime subscription service with over 200 million members and unmatched supply chain make it an ideal long-term investment.
- Netflix Industry Pioneer: With around 325 million paid subscribers, Netflix is poised for future innovation and monetization through its pending $82.7 billion acquisition of Warner Bros. and related brands, which is expected to provide a decade-long runway for growth and solidify its leadership in streaming.
- Shopify E-commerce Empowerment: Shopify supports over 5 million merchants with online store solutions, achieving $123.8 billion in gross merchandise volume in Q4 2022, and tripling its total volume since 2020, showcasing its strong appeal and stickiness in the global e-commerce market.
- MercadoLibre Growth Potential: As a leading e-commerce and digital payments platform in Latin America, MercadoLibre has seen nearly 130% revenue growth over the past three years, accelerating the adoption of modern technologies during the pandemic, with a current market cap of $10 billion, indicating strong future growth prospects.
See More
