Core Viewpoint - Unusual options activity was observed for NuScale Power, with significant volume-to-open-interest ratios indicating potential straddle candidates in the market [1] Group 1: Options Activity - On Wednesday, there were 1,025 calls and puts for NuScale Power, with Vol/OI ratios ranging from 1.24 to 187.91 [1] - Two stocks were identified as potential straddle candidates based on their Vol/OI ratios, suggesting significant market interest [1] Group 2: Straddle Strategies - Long straddles involve buying a call and a put option at the same strike price and expiration date, anticipating increased volatility [2] - Short straddles involve selling a call and a put option at the same strike price and expiration date, expecting decreased volatility [3] Group 3: Bristol-Myers Squibb (BMY) - Bristol-Myers Squibb had six unusually active options, with a focus on the Nov. 21 $48.50 put, which had a high Vol/OI ratio [4] - The company reported better-than-expected earnings on Oct. 30, raising its 2025 revenue guidance to $47.75 billion and EPS to $6.50 [5] - Since the earnings announcement, Bristol-Myers' shares have increased by 16%, but the stock is unlikely to appreciate significantly further in the short term due to historical trading patterns [6]