Office Properties (OPI) Surges 91.8% in Volatile Session – What’s Fueling the Frenzy?

Summary
• Office Properties (OPI) rockets 91.8% intraday to $0.5922, defying a 52-week low of $0.175
• Turnover skyrockets 441.47% to $320.47M, signaling extreme speculative activity
• RSI hits 73.8 (overbought), while MACD flips positive with a bullish histogram

Office Properties (OPI) has ignited a firestorm in the market, surging over 90% in a single session amid a deluge of speculative buying. The stock’s meteoric rise—from a morning low of $0.3631 to a high of $0.778—has left investors scrambling for answers. While Microsoft’s Copilot app announcement dominates headlines, OPI’s move appears disconnected from broader sector trends. This article dissects the technical and options-driven forces behind the chaos.

Speculative Frenzy Drives OPI to Record Volatility
The explosive move in OPI stems from a perfect storm of technical triggers and options-driven momentum. A 91.8% intraday surge—far outpacing the 1.9% gain in sector leader Microsoft (MSFT)—suggests short-term traders are capitalizing on the stock’s extreme oversold condition. The 200-day moving average at $0.5810, nearly aligned with the current price, has acted as a psychological magnet for buyers. Meanwhile, the RSI’s 73.8 reading and MACD’s positive crossover confirm a short-term overbought condition, fueling momentum trading. The absence of concrete company news means this is purely a technical and options-driven play.

Options-Driven Playbook: Leverage Gamma and Theta for Short-Term Gains
• 200-day average: $0.5810 (near current price) • RSI: 73.78 (overbought) • MACD: 0.0042 (bullish) • Bollinger Bands: Price at $0.5922 vs. upper band $0.2741 (disconnected) • Gamma: 0.3779–0.4438 (high sensitivity) • Theta: -0.0008–-0.0010 (moderate time decay)

With OPI trading near its 200-day average and RSI in overbought territory, the setup favors short-term options plays. The OPI20251219C0.5 call option (strike $0.5, expiring 12/19/2025) stands out: it boasts a 480% price change ratio, 1.90% leverage, and a delta of 0.76—ideal for capitalizing on continued momentum. Its 268.61% implied volatility and 0.3779 gamma ensure responsiveness to price swings. A 5% upside to $0.6218 would yield a $0.1218 profit per contract. For a bearish counter, the OPI20251219P0.5 put (delta -0.238) offers 2.51% leverage but lower conviction due to its negative delta. Aggressive bulls should target a $0.62–$0.65 breakout above the 52-week high of $2.44, but caution is warranted as overbought RSI and high turnover suggest exhaustion.

Backtest Office Properties Stock Performance
I attempted to identify every trading day from 2022-01-01 through 2025-09-12 on which Office Properties (OPI.O) experienced an intraday move of at least +92 % ((high – low) / low ≥ 92 %). After programmatically screening the full daily high/low series, the filter returned zero qualifying dates. Because no such events occurred, the event-back-test engine could not be run (it expects at least one event date and therefore threw an internal error when given an empty list).What this means for you:• There is no historical precedent during the requested window where OPI surged that sharply intraday. • Any performance analysis “after a 92 % intraday surge” would have no data points and thus cannot be back-tested.Next steps – please let me know which of the following you would like to do:1. Lower the surge threshold (e.g., 40 %, 20 %, etc.) to capture more frequent but still significant spikes. 2. Switch to a different trigger definition, such as daily close-to-close jumps of ≥ x %. 3. Examine another stock or a broader date range.I’m ready to re-run the screening and back-test once you decide how you’d like to proceed.

Act Now: Ride the Wave or Hedge the Reversal
OPI’s 91.8% surge is a textbook case of short-term speculative mania, driven by technical triggers and options liquidity. While the 200-day average and RSI suggest a potential pullback, the stock’s proximity to key resistance ($0.62–$0.65) could extend the rally. Investors should monitor the OPI20251219C0.5 call for momentum continuation or pivot to the put if the 52-week low of $0.175 reemerges as a floor. With sector leader Microsoft (MSFT) up 1.9%, the broader market remains bullish, but OPI’s move is a standalone event. Watch for a $0.62 breakout or a 52-week low retest—either could redefine the trade.