Market Insights

Vertiv was a high-flying AI stock that’s down this year, but traders may be looking for a rebound.

This large transaction was detected yesterday in the provider of cooling and power systems for data centers:

• Roughly 20,000 June 95 calls were purchased, mostly for $3.80.
• A matching number of June 115 calls was sold, mostly for $1.16.
• Volume was more than 10 times open interest in both strikes, which suggests a new vertical spread was opened.

Calls fix the price where investors can buy a security. They often appreciate in value when shares rise. Traders can also sell them in a spread. The credit collected lowers the cost and increases the potential leverage.

For example, Wednesday’s position cost approximately $2.64. It will expand to $20 if the stock closes at $115 or higher on expiration. That’s a potential profit of 658 percent from the shares climbing about 50 percent.

Vertiv (VRT), daily chart, with key levels and events marked.

The next earnings release is estimated on April 23, which could potentially trigger a move.

VRT rose 2.4 percent to $77.11 yesterday. The stock rose more than 1,000 percent between April 2023 and January 2025 as AI growth spurred data-center construction. It plunged on January 27 after China’s DeepSeek raised questions about the need for capacity growth. The stock has been roughly cut in half from its peak.

Overall option volume was slightly above average in the name, according to TradeStation data. Calls accounted for a bullish 93 percent of the  total.

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