Options focus

1.$Alphabet-A (GOOGL.US)$After the results, it rose by more than 10%, with 1.02 million options trading, which surged more than three times from the average daily turnover, and the bullish ratio soared from 50.8% to 72.9%. On the options chain, all call orders that expire this Friday and have an exercise price of $160 to $170 earned more than 2 times the premium.

Google released its first quarter earnings report on Friday. The parent company's total revenue for the first quarter was US$80.54 billion, up 15% year on year, the fastest growth rate since the beginning of 2022, and net profit jumped 57% year on year to US$23.66 billion. The company said it expects capital expenditure of more than 12 billion US dollars for each quarter in 2024, an increase of at least 49% year-on-year for the whole year to maintain its leading position in AI infrastructure.

2,$NVIDIA (NVDA.US)$It rose more than 6% last Friday and surged 15% throughout the week. 2.7 million options were traded, nearly double the previous trading day. Looking up the largest order with the highest turnover, I found that a large company sold a bullish order that expired last Friday and had an exercise price of 840 US dollars when the stock price was 879.62 US dollars. Also, earn 3 times the option bonus on multiple single calls due this Friday.

Nvidia is actively collaborating with the telecom industry to create AI-based services and solutions and build software-defined, accelerated telecom infrastructure. Integrating and fusing AI with a radio access network (RAN) is a critical aspect of this journey.

3.$Intel (INTC.US)$After the results, it fell by more than 9%. 970,000 options were traded, with a bullish ratio of 64.8%. On the options chain, calls with an exercise price of 40 US dollars, which expired on May 17, had the highest trading volume, at 93,000, and 100,000 unclosed positions.

Intel's revenue for the first fiscal quarter and adjusted earnings per share both exceeded Wall Street analysts' expectations. The outlook for the second fiscal quarter's revenue also exceeded expectations, but the outlook for adjusted earnings per share for the second fiscal quarter fell short of expectations.

1. US stock options trading list

II. ETF options trading list

III. Implied Volatility of Individual Stocks (IV) Ranking

Risk warning

An option is a contract that gives a holder the right, but no obligation, to buy or sell an asset at a fixed price on or at any time prior to that date. The price of an option is affected by a number of factors, including the underlying asset's current price, exercise price, expiration time, and implied volatility.

The implied volatility reflects the market's expectations for options to fluctuate over a period of time to come. It is data inverted by the options BS pricing model, and is generally viewed as an indicator of market sentiment. When investors anticipate greater volatility, they may be more willing to pay higher options to help hedge risks, leading to higher implied volatility.

Traders and investors use implied volatility to assess the appeal of option prices, identify potential mispricing, and manage risk exposure.

Disclaimers

This content does not constitute an offer, solicitation, recommendation, opinion or guarantee of any securities, financial products or instruments. The risk of losing money when trading options can be extremely high. In some cases, you may lose more than the amount of your initial deposit. Even if you set backup instructions, such as “stop corrosion” or “limit price” instructions, you may not be able to avoid losses. Market conditions may make such instructions unenforceable. You may be asked to deposit an additional security deposit within a short period of time. If you fail to provide the required amount within the specified time, your open positions may be closed. However, you are still responsible for any shortfall in your account as a result. Therefore, you should study and understand options before trading, and carefully consider whether this type of trading is suitable for you based on your financial situation and investment goals. If you trade options, you should be familiar with the procedures for exercising options and when they expire, as well as your rights and responsibilities when you exercise options and when they expire.

Edit/Cynthia