Tech stocks are under pressure today, with the Nasdaq Composite (IXIC) sharply lower as surging Treasury yields and a steep Oracle (ORCL) selloff weigh on the sector. Against this backdrop, Fastly Inc (NASDAQ:FSLY), GoDaddy Inc (NYSE:GDDY), and STMicroelectronics N.V. (NYSE:STM) are seeing unusually high options volume, with calls accounting for more than 90% of the activity for all three names. Fastly stock was last seen down 8.2% at $27.23, pulling back after yesterday's 13.7% surge. The shares are cooling after the company's Investor Day, during which management outlined long-term financial targets through 2029. So far today, roughly 33,000 options have crossed the tape, double the intraday average, with calls making up 91.4% of the total.
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