Daily rights tracking

Daily options update | Will chip stock volatility surge? Nvidia and AMD's implied volatility soared; bulls remain bullish! Tesla call orders made over twice as much profit.

Futu News · Jul 30 16:51

重点聚焦

1、芯片股隔夜再度低迷，$英伟达 (NVDA.US)$隔夜跌超1%，隐含波动率连续多日上升，至年内96%的百分位水平；昨日成交量最高的为周五到期、行权价115与120美元的call，分别成交12万张、9万张，未平仓量约3万张、5万张。

$美国超微公司 (AMD.US)$隐含波动率收至一年最高水平，表明投资者预期未来股价将大幅波动；昨日期权看涨比接近70%。在大单成交方面，多空之争较为焦灼，有大户连续买入两笔9月20日到期、145美元行权的put，总共涉资超500万美元；另一方面，8月16日到期、160美元行权的call也遭大单抢筹，涉资近300万美元。

在在丹佛举行的SIGGRAPH 2024计算机图形大会上，英伟达宣布对其软件产品进行了一系列更新，旨在让更广泛的企业更容易地使用生成式人工智能。该公司正式发布了Nvidia inference micro services（NIMs），这个软件包可以解决将AI用于特定目的所需的许多后勤问题。此外，CEO黄仁勋透露，本周英伟达发送Blackwell架构的样品，这是今年首发的新款芯片架构。

2、$特斯拉 (TSLA.US)$隔夜大涨近6%，看涨比冲高至57%，昨日成交量最高的为周五到期、230、240美元行权的call，分别成交超11.2万张、9.2万张，这两张call单的期权金涨幅也十分可观，均赚超2倍以上。

摩根士丹利知名汽车分析师、特斯拉多头Adam Jonas周一发布最新研报，重申对特斯拉股票的增持评级和310美元的目标价。在摩根士丹利的榜单上，特斯拉领跑美国汽车股，福特排名第二。
Jonas强调，由于电动汽车的需求预测已经下降，特斯拉正在减少对其汽车业务的资源投入。削减成本措施和重组努力已经减轻了特斯拉电动汽车业务的下行风险，并在零排放汽车积分市场上占据了主导地位。

3、$SoFi Technologies (SOFI.US)$将于今日美股盘前公布业绩，绩前期权成交量激增，环比前一交易日升超3倍，但看涨比大跌至48%，前一日为72%；周五到期、7美元和6美元的put单成交量居前。

一、美股期权成交榜

二、ETF期权成交榜

三、个股隐含波动率（IV）排行榜

风险提示

期权是一种合约，赋予持有人在某一特定日期或该日之前的任何时间以固定价格购进或售出一种资产的权利，但不承担义务。期权的价格受多种因素影响，包括标的资产的当前价格、行使价、到期时间和隐含波动率。

隐含波动率反映了市场对期权未来一段时间内的波动预期，它是由期权BS定价模型反推出来的数据，一般将它视为市场情绪的指标。当投资者预期更大的波动性时，他们可能更愿意为期权支付更高的价格以帮助对冲风险，从而导致更高的隐含波动率。

交易员和投资者使用隐含波动率来评估期权价格的吸引力，识别潜在的错误定价，并管理风险敞口。

免责声明

本内容不构成任何证券、金融产品或工具要约、招揽、建议、意见或任何保证。买卖期权的亏蚀风险可以极大。在若干情况下，你所蒙受的亏蚀可能会超过最初存入的保证金数额。即使你设定了备用指示，例如“止蚀”或“限价”等指示，亦未必能够避免损失。市场情况可能使该等指示无法执行。你可能会在短时间内被要求存入额外的保证金。假如未能在指定的时间内提供所需数额，你的未平仓合约可能会被平仓。然而，你仍然要对你的帐户内任何因此而出现的短欠数额负责。因此，你在买卖前应研究及理解期权，以及根据本身的财政状况及投资目标，仔细考虑这种买卖是否适合你。如果你买卖期权，便应熟悉行使期权及期权到期时的程式，以及你在行使期权及期权到期时的权利与责任。

编辑/new

Key focus.

1. Chip stocks were once again sluggish overnight,$NVIDIA (NVDA.US)$It fell more than 1% overnight, and implied volatility has risen for many days in a row, reaching 96% of the percentile level for the year. The call with the highest trading volume yesterday was the one with a strike price of 115 and 120 dollars that expires on Friday, with transaction volumes of 0.12 million and 0.09 million, respectively. The open interest was about 0.03 million and 0.05 million respectively.

$Advanced Micro Devices (AMD.US)$The implied volatility is at its highest level in a year, indicating that investors expect the stock price to fluctuate significantly in the future, and the call-to-option ratio was close to 70% yesterday. In terms of large-volume transactions, the dispute between long and short positions is more intense. Large customers bought two tranches of puts with a strike price of 145 dollars and an expiry date of September 20th, with a total amount of over 5 million dollars; on the other hand, calls with a strike price of 160 dollars and an expiry date of August 16th were also targeted by large-volume purchases, with an involved amount of nearly 3 million dollars.

At the SIGGRAPH 2024 computer graphics conference held in Denver, Nvidia announced a series of updates to its software products aimed at making generative AI easier to use for a wider range of businesses. The company officially launched Nvidia Inference Micro Services (NIMs), a software package that addresses many of the logistical issues around using AI for specific purposes. In addition, CEO Huang Renxun revealed that Nvidia sent samples of the Blackwell architecture this week, which is the first new chip architecture to be introduced this year.

2,$Tesla (TSLA.US)$It rose nearly 6% overnight, and the ratio of call-to-option skyrocketed to 57%. The call with the highest trading volume yesterday was the one with a strike price of 230 and 240 dollars that expires on Friday, with transaction volumes of more than 0.112 million and 0.092 million, respectively. The option premiums for these two call options also rose significantly, earning more than twice the value.

Adam Jonas, a well-known automotive analyst at Morgan Stanley and a bull on Tesla, released his latest research report on Monday, reiterating his buy rating and target price of $310 on Tesla's stock. Tesla is leading the list of American automakers on Morgan Stanley's list, with Ford coming in second.
Jonas emphasized that as demand predictions for electric vehicles have declined, Tesla is reducing its resources investment in its automotive business. Cost-cutting measures and restructuring efforts have mitigated the downside risk of Tesla's electric vehicle business and gained a dominant position in the zero-emission vehicle credit market.

3,$SoFi Technologies (SOFI.US)$The performance will be announced in pre-market trading today, and the volume of pre-performance options has surged, up more than three times from the previous trading day. However, the ratio of call options to put options has fallen to 48%, which was 72% the previous day; the put orders for $7 and $6 with expiry on Friday have the highest trading volume.

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/new

The translation is provided by third-party software.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.