Option Signals | NVIDIA falls to a nearly four-week low! Options trading exceeds 4M contracts; Tesla faces large Put option bets on a pullback
NVIDIA Corporation NVDA | 140.22 139.12 | +0.39% -0.78% Pre |
Tesla Motors, Inc. TSLA | 462.28 466.80 | +7.36% +0.98% Pre |
Amazon.com, Inc. AMZN | 229.05 228.59 | +1.77% -0.20% Pre |
Advanced Micro Devices, Inc. AMD | 126.29 125.82 | +1.36% -0.37% Pre |
Apple Inc. AAPL | 258.20 258.01 | +1.15% -0.07% Pre |
Top 10 Options Trading Volume:
NVIDIA Corporation(NVDA.US): Overnight drop of 1.15%, the stock price is close to a four-week low; the total volume of options traded reached 4.04 million, an increase of 668,300 from the previous day, and a 0.2 times increase in volume compared to the previous day. There is an open interest of 27.75 million.
Tesla Motors, Inc.(TSLA.US): Overnight drop of 1.58%, the total volume of options traded reached 2 million, an increase of 331,500 from the previous day, and a 0.2 times increase in volume compared to the previous day. There is an open interest of 7.59 million.
Amazon.com, Inc.(AMZN.US): Overnight drop of 1.02%, the total volume of options traded reached 620,000, a decrease of 459,600 from the previous day, and a 0.42 times decrease in volume compared to the previous day. There is an open interest of 4.28 million.
Advanced Micro Devices, Inc.(AMD.US): Overnight drop of 1.07%, the total volume of options traded reached 620,000, an increase of 24,300 from the previous day, and a 0.04 times increase in volume compared to the previous day. There is an open interest of 3.3 million.
Apple Inc.(AAPL.US): Overnight drop of 0.06%, the total volume of options traded reached 600,000, a decrease of 135,500 from the previous day, and a 0.19 times decrease in volume compared to the previous day. There is an open interest of 5.94 million.
MicroStrategy Incorporated Class A(MSTR.US): Overnight increase of 9.94%, the total volume of options traded reached 550,000, a decrease of 171,400 from the previous day, and a 0.24 times decrease in volume compared to the previous day. There is an open interest of 2.57 million.
The cryptocurrency market gradually recovers optimism, with Bitcoin rebounding to $97,000 today, continuing to challenge the $100,000 mark. Reports suggest cryptocurrency advocate Atkins is a leading candidate for the SEC chairmanship.
Company | Closing Price | Trading Volume | Open Interest | PUT/CALL |
| NVIDIA Corporation(NVDA.US) | 135.34 | 4.04M | 27.75M | 1.0 |
| Tesla Motors, Inc.(TSLA.US) | 332.89 | 2.0M | 7.59M | 0.9 |
| Amazon.com, Inc.(AMZN.US) | 205.74 | 0.62M | 4.28M | 0.9 |
| Advanced Micro Devices, Inc.(AMD.US) | 136.24 | 0.62M | 3.3M | 1.0 |
| Apple Inc.(AAPL.US) | 234.93 | 0.6M | 5.94M | 0.8 |
| MicroStrategy Incorporated Class A(MSTR.US) | 388.84 | 0.55M | 2.57M | 1.1 |
| Super Micro Computer, Inc.(SMCI.US) | 35.07 | 0.48M | 4.52M | 0.9 |
| Palantir Technologies(PLTR.US) | 66.05 | 0.47M | 3.41M | 0.9 |
| Marathon Digital(MARA.US) | 26.92 | 0.43M | 1.82M | 0.5 |
| Dell Technologies Inc.(DELL.US) | 124.38 | 0.33M | 0.69M | 0.9 |
PUT/CALL: Counts the percentage of open put and call option holdings for the listed stocks during the trading day.
Options Activity Tracking:
Tesla Motors, Inc.(TSLA.US): Overnight, it fell by 1.58%, with the TSLA_241206_P_90.0 put option, which has a strike price of $90.00 and expires on December 6, 2024, trading 14,100 contracts, and this option fell by 50.0%.
Alphabet Inc. Class C(GOOG.US): It rose by 0.12% overnight, with the GOOG_241129_P_177.5 put option, which has a strike price of $177.50 and expires on November 29, 2024, trading 9,700 contracts, and this option fell by 3.5%.
TJX Companies, Inc.(TJX.US): It rose by 0.13% overnight, with the TJX_241129_C_128.0 call option, which has a strike price of $128.00 and expires on November 29, 2024, trading 13,700 contracts, and this option fell by 90.0%.
| Company | Option Direction Strike Price | Expiration Date | Trading Volume | Open Interest | vol/oi |
| Tesla Motors, Inc.(TSLA.US) | PUT $90.0 | 12/06/24 | 14.09K | 107 | 131.72 |
| Apache Corporation(APA.US) | CALL $22.5 | 12/06/24 | 11.31K | 135 | 83.77 |
| Alphabet Inc. Class C(GOOG.US) | PUT $177.5 | 11/29/24 | 9.7K | 125 | 77.62 |
| TJX Companies, Inc.(TJX.US) | CALL $128.0 | 11/29/24 | 13.65K | 179 | 76.27 |
| Astrazeneca PLC Sponsored ADR(AZN.US) | CALL $70.0 | 12/06/24 | 8.47K | 116 | 73.03 |
| SENTINELONE, INC.(S.US) | CALL $31.0 | 01/17/25 | 5.02K | 104 | 48.28 |
| StoneCo Ltd.(STNE.US) | PUT $9.5 | 12/20/24 | 8.06K | 168 | 47.96 |
| Fidelity National Information Services, Inc.(FIS.US) | CALL $89.0 | 12/06/24 | 4.8K | 101 | 47.53 |
| Chewy(CHWY.US) | CALL $37.0 | 12/06/24 | 5.16K | 109 | 47.36 |
| Foot Locker, Inc.(FL.US) | CALL $28.0 | 12/06/24 | 5.74K | 132 | 43.45 |
vol/oi: The ratio of options volume to the number of open positions in the contract, with higher vol/oi indicating that the market is creating an abnormal number of new positions.
Options IV Unusual Movements:
Quantum Computing concept stock Quantum Computing Inc. Quantum Computing Inc.(QUBT.US) continued to rise by 1.5% overnight, with total options trading volume reaching 46,000 contracts, of which call options accounted for 56% of total volume, and implied volatility rose to 245.19%.
Amazon.com, Inc.(AMZN.US)’s cloud computing platform AWS announced the Quantum Embark program, which has led to a surge in stocks related to quantum computing.
Stocks with High Overnight IV | ||||
Company | Option Trading Volume | IV | IV Rank | IV Percentile |
| Revance Therapeutics, Inc.(RVNC.US) | 8.61K | 365.38% | 85.97% | 99% |
| Ocean Power Technologies, Inc.(OPTT.US) | 20.38K | 365.21% | 33.74% | 34% |
| Veru Inc(VERU.US) | 3.70K | 306.35% | 19.89% | 60% |
| Applied Therapeutics(APLT.US) | 28.35K | 259.76% | 83.62% | 92% |
| Microvast Holdings, Inc. - Common Stock(MVST.US) | 5.23K | 247.59% | 26.84% | 70% |
| Quantum Computing Inc.(QUBT.US) | 46.22K | 245.19% | 27.46% | 51% |
| Outlook Therapeutics, Inc.(OTLK.US) | 4.00K | 211.17% | 58.47% | 88% |
| SELLAS Life Sciences Group Inc(SLS.US) | 4.44K | 209.73% | 23.83% | 77% |
| KULR Technology Group Inc(KULR.US) | 22.98K | 203.82% | 13.65% | 22% |
| RED CAT HOLDINGS(RCAT.US) | 14.36K | 198.11% | 30.95% | 89% |
Read More: A quick look at the pros and cons of index options!
Note: Implied volatility is an estimate of the expected fluctuation of a stock's price and is derived from the price of its options. High and low levels of implied volatility signify market sentiment and option supply and demand dynamics. Feeding into an option's premium, implied volatility, alongside time value and directional movement, embodies the core aspects influencing option pricing. Traders navigate their strategies within this three-dimensional framework.
Volume reflects the aggregate volume of options contracts executed in a single day.
IV Rank gauges the standing of the current implied volatility within the highest and lowest values observed over the past year, serving as a relative measure.
IV Percentile denotes the proportion of days during the past year when the implied volatility was lower than the present rate, providing a statistical norm.
IV Yearly High marks the apex of an option's implied volatility recorded within the preceding year, signaling its peak uncertainty or risk
