Office Properties (OPI) Surges 61% in Volatile Session—What’s Fueling the Frenzy?

Summary
• OPI’s intraday price rocketed from $0.6506 to $0.99, a 61.4% surge, amid record turnover of 136.7 million shares.
• RSI hit 88.5, signaling extreme overbought conditions, while MACD (0.0288) and histogram (0.0267) confirmed bullish momentum.
• The stock’s 52-week range (0.175–2.2) now shows a 412% gap between current price and 52W high.
• With no direct news catalyst, traders are scrambling to decode the sudden spike in speculative activity.

Speculative Frenzy Driven by Technical Breakouts
The explosive 61.4% rally in OPI appears rooted in technical triggers rather than fundamental news. The stock pierced above its 200-day moving average (0.578) and Bollinger Bands upper band (0.395), sparking algorithmic buying. A 52-week high retest at $2.2 remains distant, but the RSI (88.5) and MACD crossover suggest short-term bullish momentum. High implied volatility (227.88% for the 2025-12-19 $1 call) indicates options market anticipation of further swings.

High-Leverage Options and ETF-Free Playbook for OPI’s Volatility
• MACD: 0.0288 (bullish crossover), RSI: 88.5 (overbought), 200D MA: 0.578 (broken), Bollinger Bands: 0.091–0.395 (current price at 2.4x upper band)

Key levels to monitor: 0.99 (intraday high), 0.7149 (open), and 0.578 (200D MA). The 52W high at $2.2 remains a distant target, but the 88.5 RSI warns of overbought conditions. No leveraged ETFs are available, so options are the primary vehicle for exposure.

Top Option 1: OPI20251219C1 (Call)
• Strike: $1, Expiry: 2025-12-19, IV: 227.88%, Delta: 0.6728, Theta: -0.0017, Gamma: 0.3442, Turnover: 46,023
• IV (227.88%) reflects high volatility expectations; Delta (0.67) balances leverage and sensitivity; Gamma (0.34) ensures responsiveness to price swings.
• Payoff at 5% upside (0.9344): max(0, 0.9344 - 1) = $0.00 (strike not breached).
• Ideal for aggressive bulls expecting a breakout above $1.

Top Option 2: OPI20260320C1 (Call)
• Strike: $1, Expiry: 2026-03-20, IV: 213.66%, Delta: 0.7332, Theta: -0.00099, Gamma: 0.2310, Turnover: 21,674
• IV (213.66%) suggests long-term volatility; Delta (0.73) offers higher directional sensitivity; Gamma (0.23) ensures moderate responsiveness.
• Payoff at 5% upside (0.9344): max(0, 0.9344 - 1) = $0.00 (strike not breached).
• Suited for investors betting on a multi-month rally.

Aggressive bulls may consider OPI20251219C1 into a bounce above $1.

Backtest Office Properties Stock Performance
Unfortunately, the event-backtest engine encountered an internal error while processing the surge-date file (backend message: “convert_statistics not defined”). This appears to be a temporary issue on the engine side rather than with your data.What would you like to do next?1. Retry the same event back-test once the service is stable (recommended first step). 2. Proceed with a simplified study—e.g., • Buy at the close on each ≥61 % surge day and sell after a fixed holding period (5 / 10 / 20 days), or • Apply profit-taking / stop-loss rules—and evaluate with the strategy-backtest engine. 3. Export the raw surge-date list so you can inspect or use it elsewhere.Let me know which option (or combination) you prefer, or if you have another approach in mind.

Act Fast: OPI’s Volatility Window Narrows as Overbought Conditions Intensify
The 61.4% intraday surge has pushed OPI into extreme overbought territory (RSI 88.5), with MACD and Bollinger Bands confirming bullish momentum. However, the absence of fundamental catalysts and the 52W high at $2.2 suggest caution. Traders should monitor the $1 strike as a critical psychological level—break above it could trigger a wave of call option gamma-driven buying. Microsoft (MSFT), the sector leader, rose 0.57%, but its muted move underscores OPI’s speculative nature. Watch for a $1.00 close or a breakdown below 0.7149 (today’s open) to determine next steps.