Oklo Inc Slides as Volatility Clashes With Big Nuclear Bets

Oklo Inc ( (OKLO) ) has fallen by -7.37%. Read on to learn why.

Oklo Inc shares fell 7.37% over the past week, extending a broader pullback that has seen the nuclear-power developer trade well below the all‑time highs reached last October. The decline comes despite continued investor interest, with Cathie Wood’s ARK Investment Management adding 34,400 Oklo shares, and despite recent strength following the company’s high‑profile deal with Meta Platforms to build a 1.2 GW nuclear plant in Ohio to power Meta’s data centers. Short-term trading remains volatile, with the stock swinging several dollars a day around the $90–$100 range.

Options activity around Oklo Inc has been active and mixed, helping to explain some of the week’s choppiness. On several sessions, options volume was at or above typical levels, with shifts between calls leading puts (a moderately bullish sign) and puts overtaking calls (suggesting rising demand for downside protection). Implied volatility has stayed elevated but in the lower part of its one-year range, indicating the market still expects sizable daily price moves while gradually pricing in less extreme swings than in prior months.

Despite the weekly drop, the underlying story for Oklo Inc remains focused on long-term growth rather than near-term earnings, since the company is still pre‑revenue. Oklo is building a large, diversified backlog of power contracts, including a 12 GW master agreement with data-center operator Switch, major deals with Meta and Equinix, and energy and defense contracts with Diamondback Energy and the U.S. Department of Defense. Analysts remain broadly positive, with an average price target implying double‑digit upside, reflecting expectations that Oklo’s small modular reactor technology will benefit from rising power demand for AI, industrial decarbonization, and energy-security initiatives once commercialization begins, potentially around 2027.