Key focus.

1,$NVIDIA (NVDA.US)$With a cumulative decline of nearly 7% over two days, the trading volume of options on Friday was 9.16 million contracts, up nearly 140% from the daily average. On the options chain, the call with a strike price of $130 and an expiration date of this Friday was the most active, with a trading volume of 187,000 contracts and an open interest of 42,000 contracts. It is worth noting that a large account was found to have bought a put option with a strike price of $138 and an expiration date of July 19 when the price of Nvidia's stock was $125.57, based on a query of trading volume compared to previous large orders.

According to SEC filings, Huang Renxun sold 120,000 shares of Nvidia stock again on June 21 local time. Along with this sale, Huang has sold a total of 720,000 shares of Nvidia stock and cashed out nearly $95 million in the seven trading days from June 13 to date.

2,$Amazon (AMZN.US)$With a rise of nearly 2% on Friday, the trading volume of options reached 900,000 contracts, an increase of nearly 80% from the daily average, and the call option was dominant on the options chain. Among them, the call with a strike price of $190 and an expiration date of this Friday had the highest trading volume of 51,000 contracts and an open interest of 21,000 contracts.

According to insiders, Amazon is planning a major overhaul of its voice assistant Alexa, which has been losing money for a decade, by incorporating AI chatbots and offering two levels of service for a monthly fee of $5 to $10.

3,$Micron Technology (MU.US)$With a decline of more than 3% on Friday, the trading volume of options reached 400,000 contracts, a sharp increase of more than 120% from the daily average, and the bullish ratio slightly dropped to 65%. On the options chain, the call option with a strike price of $140 and an expiration date of this Friday was active, with a trading volume of 11,000 contracts and an open interest of about 2,500 contracts.

Micron Technology will release its third quarter earnings report after the market closes on June 26th. The market generally expects Micron's third quarter revenue to be $6.668 billion, up 77.71% YoY, and earnings per share to be $0.30, compared to a loss of $1.73 per share in the same period last year. In addition, Bank of America raised Micron's target price from $144 to $170 and reiterated its "buy" rating, believing that Micron will become a major beneficiary of the high-bandwidth memory (HBM) market share growth in cloud computing.

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.

Editor/tolk