Key focus.

1,$NVIDIA (NVDA.US)$The stock fell nearly 13% in the past three days, and now it is up more than 2% before the market opens. The overnight options chain traded 6.75 million contracts, an increase of nearly 60% compared to the daily average volume. The call-to-put ratio has risen slightly to 60%. Multiple Call contracts bet on the rise, among which contracts expiring on Friday with a strike price of $125/$130 had trading volumes of 263,000/212,000 contracts, and open interest of approximately 20,000/76,000 contracts respectively. A large order with a transaction value of more than $10 million found that big buyers bought multiple call contracts with an expiration date of August 16th and a strike price of $100. In addition, multiple put contracts expiring on Friday earned about triple the option premium.

R "Ray" Wang, founder of Constellation Research, pointed out that since NVIDIA's stock reached its peak of about $140 last week, it has fallen nearly 20%, which is another buying opportunity for investors. However, some analysts remain cautious. Michael O'Rourke, chief market strategist at Jonestrading, said that the unexpectedly high growth rate of NVIDIA's market cap will inevitably begin to weaken one day, which may make people question the rationality of the continued frenzy of the stock price.

2,$Trump Media & Technology (DJT.US)$The stock rose more than 21% overnight and rose more than 10% before the market opened, with options volume of 250,000 contracts, an increase of more than 80% compared to the previous trading day. The call-to-put ratio sharply rose from 51% to 74%. On the options chain, the call contracts with a strike price of $35 expiring on Friday had the highest trading volume, with 21,000 contracts, and open interest of more than 5,000 contracts. In addition, call contracts with a strike price of $49.5 expiring on the same day soared 30 times the option premium.

The Trump Media & Technology Group announced that it expects to receive over $69.4 million in cash exercisable warrants on June 20th and 21st, 2024. The company revealed that if all the warrants covered by the registered statement are exercised in cash, it can receive up to approximately $247 million.

3,$Carnival (CCL.US)$Overnight options volume was 240,000 contracts, an increase of nearly 270% compared to the previous trading day, and the call-to-put ratio rose to 70%. On the options chain, call contracts with strike prices of $18.5/$16.5 expiring on Friday had the highest trading volume, both exceeding 16,000 contracts, with open interest of approximately 1,300 contracts and 9,000 contracts respectively.

Carnival Cruise Line will announce its second quarter financial report during regular trading hours on June 25th. The market generally expects Carnival's Q2 revenue to be $5.688 billion, a year-on-year increase of 15.82%. The loss per share is expected to be $0.02, compared to a loss of $0.32 per share in the same period last year.

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