STOCKS | MiniMax Options Volume Surges on Saudi Product Adoption Report

MiniMax shares approached a near one-month high after reports said a Saudi company used the M3 model to build a national artificial intelligence platform. According to Sina Finance, MiniMax Group options volume jumped sharply. Options volume reached 90,300 contracts, 3.9 times the 20-day average, with 32,300 call contracts and 58,000 put contracts. The most active contract was the September 11, 2026, 400 Hong Kong dollar put, whose price fell sharply, while large trades also appeared in this month's 400 Hong Kong dollar call options. At the open, a block trade of 1,500 September 11, 2026, 400 Hong Kong dollar call options changed hands, with a notional value of 11.3 million Hong Kong dollars. The stock rose as much as 11% intraday and closed up 1.8% at 361.4 Hong Kong dollars.