In the U.S. stock options market, transactions for Tesla, NVIDIA, and Super Micro Computer have surged! Are put options back in the market again?

LB Select
2024.02.19 08:49
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The two hottest contracts last Friday were: Tesla contracts expiring on February 23 with strike prices of $200 and $205 respectively, with nearly 150,000 and 110,000 contracts traded; NVIDIA contracts expiring on the same day with a strike price of $730 also traded over 90,000 contracts, while Super Micro Computer contracts with a strike price of $800 traded 70,000 contracts.

Last week, during the Chinese New Year holiday, the tech giants in the US stock market had a rather tough week.

Overview of US Stock Options Trading

The top ten US stock options trading before last Friday were: Tesla, NVIDIA, Super Micro Computer, Apple, AMD, Meta, Coinbase, Amazon, Palantir Tech, and Marathon Digital.

Specifically:

  • Tesla saw a slight drop, with options trading surging to 3.57 million contracts, with call options accounting for 70%. Call options with a strike price of $200 and $205 expiring on February 23rd traded nearly 150,000 and 110,000 contracts respectively.

  • NVIDIA experienced a slight decline, with options trading increasing to 1.72 million contracts, with 63% being call options. Put options with a strike price of $730 expiring on the same day traded over 90,000 contracts.

  • Super Micro Computer plummeted by 20%, with options trading skyrocketing to 980,000 contracts, with 54% being put options. Put options with a strike price of $800 expiring on the same day traded 70,000 contracts.

  • Apple dropped by nearly 1%, with options trading rising to 960,000 contracts, with call options accounting for nearly 70%. Call options with a strike price of $185 traded 50,000 contracts.

  • AMD fell by almost 2%, with options trading increasing to 740,000 contracts, with 67% being call options. Put options with a strike price of $175 traded over 50,000 contracts.

  • Meta, Coinbase, and Amazon all had options trading exceeding 600,000 contracts, predominantly in call options.

  • Palantir Tech dropped by nearly 4%, with options trading at 500,000 contracts, with call options accounting for 61.5%.

  • Alibaba saw a slight increase, with options trading at 270,000 contracts, with call options accounting for 75.5%.