Key focus.

1,$Apple (AAPL.US)$Overnight, the options trading volume increased to 2.15 million contracts, up nearly 2%. The call-to-put ratio is 72.4%, and call options have been snapped up. The volume of call options with exercise prices of $220, $215, and $217.5, all expiring this Friday, are among the top three, and the option premiums of these three calls have also increased significantly, rising over 100%.

Overall, since Apple announced the new AI features last week, the stock price has continued to rise, and there is still continuous news. Firstly, prominent Apple leaker Mark Gurman wrote in his latest article that Apple is developing an ultra-thin phone for the iPhone 17 series in 2025, similar to this year's iPad Pro M4, with a much thinner body than the standard version.

On the same day, Apple announced that it will shut down its 'Pay Later' feature and will no longer provide loan services to Apple Pay users. This decision marks Apple's retreat from offering more financial services.

2,$GameStop (GME.US)$Yesterday evening, the options trading volume was nearly 1 million contracts, and the call-to-put ratio dropped from 72% on the previous trading day to 65%. The implied volatility dropped by 47% again, to the 87th percentile level within the year.

The call options with a strike price of $30 that expire this Friday continue to be popular, with trading volume and open interest both approaching 70,000 contracts. In addition, the put options with a strike price of $20 that expire this Friday have also increased in trading volume, with trading volume and open interest both over 50,000 contracts.

On Monday local time, Gamestop held a shareholders' meeting, and CEO Ryan Cohen said that he will focus on turning the struggling company around, plans to cut costs and reduce the physical store network, while trying to avoid market 'hype'. This remark caused Gamestop's stock price to plummet during Monday's trading.

3,$Micron Technology (MU.US)$Harvest Health's stock price rose more than 4% overnight, setting a new record during trading hours, and the options trading volume was double the average of the previous 30 days, at 300,000 contracts, with a call-to-put ratio of 70.8%. Call options with a strike price of $145, $150, and $160 that expire this Friday are the most traded, in addition, multiple call options with strike prices ranging from $145 to $152.5 have almost doubled in premiums.

As of press time, Micron Technology's stock continued to rise, up more than 1.6% pre-market, and is expected to soar after the opening bell. According to Taiwanese media, the storage chip supply chain revealed that the upstream storage factory's HBM orders for 2025 have been fully booked, with order visibility reaching the first quarter of 2026. SK Hynix and Micron Technology's HBM for 2024 have been sold out ahead of schedule, and the 2025 orders are also close to full capacity.

Bank of America raised Micron Technology's target price from $144 to $170, as the AI boom has begun to shift toward the consumer device market, including PCs and smartphones.

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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