O'Reilly and Genuine Parts Draw 93-98% Calls While LKQ Leans 61% Puts: Fleet Parts Data From the GTA Terminal (November 12, 2026)

Parts are the cost that never stops for a fleet. Filters, brakes, belts and replacement components go out every week, and the companies that supply them are a useful read on the repair side of the economy. GTA Terminal data from Global Traders Academy shows a clear split among three parts names in the November 12 session: O'Reilly Automotive and Genuine Parts drew almost all call money, while LKQ, the big recycled and aftermarket parts supplier, leaned to puts.

O'Reilly: calls and a rising dark-pool share

The O'Reilly Automotive off-exchange check for November 12 on the GTA Wire shows 1,473,463 ORLY shares traded away from the public exchanges. That was 0.7 times the stock's own 20-session average, but the share of total volume jumped to 31.4% from 19.1% on November 11.

In the latest scan, 93% of ORLY options premium went into calls and 7% into puts. The stock was in an uptrend, above both its 50-day and 200-day averages, 11% below its 52-week high, with an RSI of 55. There was no live pattern setup. The O'Reilly price and flow page carries the current numbers.

Genuine Parts: 98% calls, quieter tape

The GTA Wire's Genuine Parts dark pool report counted 212,755 GPC shares off-exchange on November 12, only 0.5 times normal and 33.0% of volume, down from 40.0% the day before.

Options money was even more lopsided than O'Reilly: 98% calls, 2% puts. The chart was less settled. GTA described a mixed trend, below the 50-day average but above the 200-day, 19% below the 52-week high, with an RSI of 50. Genuine Parts owns the NAPA network, which supplies a large share of independent repair shops and fleet maintenance bays.

LKQ: puts, a deep drawdown and thin dark pools

LKQ looked different. On November 12, 836,351 LKQ shares traded off-exchange, just 0.3 times normal and 36.2% of volume. Off-exchange shares have fallen steadily from 2,204,541 on November 6. In the latest scan, 39% of LKQ premium went into calls and 61% into puts. The stock was in a downtrend, below both moving averages and 47% below its 52-week high, though its RSI of 65 shows some recent strength. See the LKQ quote page for updates.

What this means for fleet maintenance budgets

• Repair demand looks steady. Call-heavy flow in the two largest new-parts distributors suggests large investors expect the repair-and-maintain cycle to hold up. That fits a market where many fleets keep older units running longer instead of replacing them.

• Do not expect parts prices to fall. When distributors are seen as strong, they rarely need to discount. Budget for parts costs to stay firm, and lock in supplier pricing where you can.

• Repair-or-replace math. If your parts and labor bills on an older truck or machine keep climbing, compare that monthly cost to the payment on a newer unit. Steady parts demand is good for suppliers, but it can be a quiet drain on your margins.

• Mixed, not unanimous. LKQ's put lean and low dark-pool volume are a reminder that not every parts name is getting the same vote of confidence.

A word of caution

These readings are a signal, not a guarantee. A single scan can include hedges, and dark-pool volume below normal means the footprint was light in all three names. This is market data for context, not investment advice.

Keep reading

We covered the same names a week earlier in our parts-supplier dark pool week report, and O'Reilly's earlier 96% call reading in our fleet maintenance data post. The full datasets are on GTA Terminal data pages.

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