NuScale Power Corp. (SMR) stock saw a significant increase of over 11% today, hitting a 52-week high at $51.24. Unusual call options volume surged after a Craig-Hallum report maintained a Buy on SMR. A large volume of call options expiring on Oct. 24 at the $55.00 strike price traded with a $4.30 midpoint premium, suggesting a potential +15.7% rise. Investors can consider a covered call yield play or buying OTM puts for downside protection. Short sellers can collect attractive yields by shorting calls or puts, offering potential gains and lower breakeven points. This strategy provides a defensive approach for value investors in the current market conditions.

Read more at Yahoo Finance.: NuScale Power Corp Options Volume Skyrockets with Recent Broker Upgrade