Key focus.

1,$NVIDIA (NVDA.US)$There was a rebound of nearly 7% overnight, and it continued to rise more than 2% before the market opened. The overnight volume of options was 5.64 million contracts, an increase of 30% compared to the daily average. The call option ratio was about 60%. The long and short sentiments of the options chain were anxious. The put and call options with a strike price of $120 and $125 respectively, which will expire on Friday, have the highest trading volume, both nearing 290,000 contracts. The open interest for each was 55,000 and 65,000 contracts, respectively.

It is worth noting that large orders with a transaction amount of more than $10 million were found to have sold a call option contract with a strike price of $86 expiring on September 20 when Nvidia's stock price was $124.87. In addition, the option premiums for multiple call option contracts expiring on Friday doubled and rose significantly.

Mario Iachini, senior vice president of Vanda Research, who tracks individual investor behavior, said that individual investors are likely to buy the stock during recent declines. This may also be one of the important reasons for Nvidia's big rebound. At the same time, Steve Eisman, the prototype of the movie "The Big Short," said that he holds a large amount of Nvidia stocks and regards it as a long-term investment, believing that it is meaningful in the next few years.

2,$Tesla (TSLA.US)$The stock rose nearly 3% overnight and the trading volume of options contracts was 1.3 million, with the bullish ratio declining to 61%. Multiple call options contracts with a strike price of $190 expiring on Friday were actively traded on the options chain, with a trading volume of 122,000 contracts, and open interest of 35,000 contracts.

Morgan Stanley analyst Adam Jonas reiterated his "buy" rating on Tesla and maintained a target price of $310.

3,$Carnival (CCL.US)$After the earnings report, the stock rose nearly 9%, and the overnight trading volume of options contracts surged by more than 270% compared to the average daily volume, with the bullish ratio rising to 77%. Multiple call options contracts with a strike price of $18/$17.5 expiring on Friday were hotly traded on the options chain, with a trading volume of 36,000 contracts and 27,000 contracts, and open interest of approximately 8,200 and 9,500 contracts, respectively. In addition, the option premiums for multiple call option contracts expiring on the same day doubled and rose significantly.

Carnival's Q2 revenue was $5.781 billion, a year-on-year increase of 17.72%, higher than the market expectation of $5.688 billion. Adjusted earnings per share were $0.11, far exceeding Wall Street's expected loss of $0.01 per share. Carnival has received positive reviews from several major banks, with JPMorgan raising its target price from $21 to $23 and Wells Fargo & Co raising its target price from $23 to $24 after the earnings report.

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