Key focus.

1,$NVIDIA (NVDA.US)$With an overnight rise of more than 1%, hitting a new high, and the split taking place tomorrow, options trading volume and implied volatility have both fallen for three consecutive days. The top three options trading volumes are all for calls expiring this Friday, with bets on the stock price rising to $1200/$1150/$1160. In addition, the large options activity shows that many large investors are choosing to sell calls to earn options premiums.

2,$GameStop (GME.US)$With an overnight drop of more than 5%, the implied volatility has dropped by more than 20% compared to the previous day, and the proportion of call options is 66.5%. In terms of unusual options activity, there are large orders selling more than 1000 expiring calls with a strike price of $30 this Friday, both of which involve amounts exceeding $300,000.

It is worth noting that the options held by Keith Gill, the "leader" of meme stocks, which expire on June 21 with a strike price of $20, fell nearly 20% from the previous day.

3,$Carnival (CCL.US)$With excellent stock performance and a cumulative increase of more than 12% over the past two days, option trading volume was 260,000 yesterday, more than three times the 30-day average volume, with a call-to-put ratio of nearly 77%. Among them, the most actively traded were calls expiring this Friday with a strike price of $17, with a transaction volume exceeding 50,000 and a staggering increase of 460%. Secondly, the calls expiring on July 19 with a strike price of $17 had an open interest of more than 23,000.

4.$iShares 20+ Year Treasury Bond ETF (TLT.US)$With options trading of 500,000 overnight, the trading volume increased by nearly 35% compared to the previous day, with a call-to-put ratio of 76.7%. The most popular option on the options chain is the call with a strike price of $100 expiring on August 16, which rose by more than 60% yesterday, with an open interest of 15,000 still remaining. In addition, the call with a strike price of $94 expiring in 2 days had a staggering increase of 320%.

Following the contraction of the ISM Manufacturing Index on Monday, the US job openings and labor turnover survey (JOLTS) for April, released on Tuesday, was much lower than expected, indicating signs of cooling in the labor market. After the data was released, the 10-year US Treasury yield fell nearly 10 basis points to a three-week low. Swap market data shows that traders have brought forward their expectations of a 25 basis point cut by the Fed from December to November. It is reported that with bullish sentiment on the rise, the recent open interest in the US Treasury bond futures market indicates that short positions are being covered.

1. US stock options trading list

2. ETF options trading list.

3. Individual stock implied volatility (IV) ranking.

Risk warning

Options are contracts that give the holder the right to buy or sell an asset at a fixed price on or before a specific date, without any obligation. The price of an option is influenced by various factors, including the current price of the underlying asset, exercise price, expiration time and implied volatility.

Implied volatility reflects the market's expectation for the future volatility of an option, and it is a signal of market sentiment derived from the option pricing model called Black-Scholes (BS). When investors expect greater volatility, they may be willing to pay a higher premium for an option to help hedge risks, thus resulting in a higher implied volatility.

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

Disclaimer

This content does not constitute an offer, solicitation, recommendation, opinion, or guarantee of any securities, financial products or instruments. The loss risk of buying and selling options could be substantial. In certain circumstances, you may suffer losses exceeding the amount initially deposited as margin. Even if you set up backup instructions, such as stop loss or limit instructions, losses may not be avoided. Market conditions may render such orders impossible to execute. You may be required to deposit additional margin in a very short period of time. If the required amount cannot be provided within the specified time, your open contracts may be closed. However, you are still responsible for any shortfalls in your account arising from this. Therefore, before buying or selling, you should research and understand the options, and consider carefully whether such trading is suitable for you based on your financial situation and investment objectives. If you buy or sell options, you should be familiar with the exercise of options and the procedures at expiration, as well as your rights and obligations when exercising an option or at expiration.

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