Key focus.

1,$NVIDIA (NVDA.US)$Last Friday, the increase was nearly 2%, reaching a new historical high for three consecutive days; the option trading volume was nearly 8 million contracts, a 40% increase from the previous trading day, with a call ratio of 61%. On the options chain, the last-day call option with a strike price of $130 that expired last Friday was the most popular, with a trading volume of 300,000 contracts and an open interest of 120,000 contracts.

Among the option orders with a trading volume of over US $10 million on Nvidia last Friday, except for the big account that sold the July 19 call option with a strike price of $113, others purchased call options to bet on the rising stock price.

2,$GameStop (GME.US)$The option trading volume exceeded 1.2 million contracts last Friday, with a call ratio of 72%. The implied volatility of the stock fell by over 47% to a volatility level of 92% for the year. Investors flooded into the call options this Friday, which will expire and have strike prices of $30 and $125. Both of them had a trading volume of about 46,000 contracts, and open interests were about 60,000 contracts each.

According to media reports, the retail investor known as Roaring Kitty seems to have sold out his GameStop call options that bet on a rising stock price, while increasing his shareholding of GameStop stock. A screenshot from Gill's Reddit account on Thursday shows that his investment portfolio no longer includes 120,000 GameStop call options, which will expire next week, with a strike price of $20. In addition, his investment portfolio holds more than 9 million shares of GameStop common stock, up from 5 million shares earlier this week.

In addition, GameStop announced on Thursday that due to technical problems caused by a large number of shareholders entering the live broadcast, the online annual shareholders meeting scheduled for 11 a.m. Eastern Time on the same day will be postponed until June 17th.

Due to the news of inclusion in the Nasdaq 100 index,$Arm Holdings (ARM.US)$The stock price rose nearly 6% to a new historical high, but eventually fell slightly. The option trading volume was about 410,000 contracts, more than twice the 30-day average. The last-day calls with a strike price of $170, $165, and $160 that expired last Friday had the highest trading volume, with about 26,000 contracts, 24,000 contracts, and 18,000 contracts, respectively.

4.$Broadcom (AVGO.US)$It rose continuously on Thursday, gaining more than 23% during the week. As of press time, it rose more than 2% before Monday's opening. The option trading volume on Friday was 230,000 contracts, four times the daily average trading volume. The last-day call with a strike price of $1750 had a trading volume far exceeding other option orders, with more than 17,000 contracts.

Driven by strong AI demand, Broadcom's Q2 performance exceeded expectations, and it also announced a 1-for-10 stock split plan. After the report, Broadcom received unanimous praise from major banks. Bank of America reiterated its 'buy' rating on Broadcom and raised its target price from $1680 to $2000, stating that the company is expected to enter the 'trillion-dollar club.' Morgan Stanley raised Broadcom's target price from $1658 to $1765 and maintained its 'overweight' rating.

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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