STNG options activity points to breakout bet above 52-week high
Scorpio Tankers (STNG) saw significant options activity with 2,409 Oct 2026 $90 calls traded, 12.5x the open interest, suggesting a bet on the stock surpassing its 52-week high. STNG closed at $83.35, down 1.37%. Record freight rates and geopolitical tensions support the bullish case, but risks include overbought technicals and potential de-escalation of tensions.



