Key focus

1. Many meme stocks surged again overnight! Among them,$AMC Entertainment (AMC.US)$Overnight, it surged nearly 32%, with options trading volume of 1.8 million, surging by more than 440% from the average daily trading volume. The bullish ratio fell to 63%, leading to the highest level of volatility during the year. On the options chain, forward call options that expire on January 16, 2026 with an exercise price of $20 have been snatched up, with a trading volume of 83,000 and 30,000 unclosed positions.

$GameStop (GME.US)$Overnight, it soared by more than 60%, and the trading volume of options was 820,000, about 4 times the average daily turnover, and the bullish ratio fell to 48%. Multiple calls with an exercise price of $30-57 due on Friday were active. Among them, calls with an exercise price of $57 had the highest transaction volume, at 47,000. Furthermore, multiple single call option premiums that expire on the same day surged more than 3 times.

According to S3 Partners LLC's data, the two companies that are bearish have lost more than 1.3 billion US dollars in bets this month. Among them, GameStop bears lost 1.24 billion US dollars in May and AMC Cinema bears lost about 126 million US dollars. Most of the losses occurred in the last two trading days. As of press release, Game Station and AMC Cinemas both surged by about 20% before the market.

2,$Alibaba (BABA.US)$After the results, it fell by more than 6%, with overnight options trading volume of 480,000, a surge of more than 130% from the average daily turnover, and the bullish ratio fell slightly to 71%. Call orders bucked the trend and rose. Among them, call trading volume with an exercise price of $80/82 was the highest, with 37,000 and 22,000, respectively, and 29,000 and 12,000 unclosed positions.

Alibaba's total revenue for the fourth fiscal quarter was 221,884 billion yuan, up 7% year on year; adjusted net profit was 24.418 billion yuan, down 11% year on year; adjusted revenue per ADS was 10.14 yuan, down 5% year on year. During the earnings call, Ali executives said that the cloud business is expected to return to double-digit growth in the second half of the year, mainly driven by new AI products.

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.

editor/tolk