Daily rights tracking

Daily rights tracking | Sharply sold by Buffett, Apple's bearish sentiment soared; Intel plummeted by more than 26% in a single day, earning 150 times more than 150 times in a single position

重点聚焦

1、巴菲特持仓“腰斩”！$苹果 (AAPL.US)$周一盘前跌超7%。苹果上周五期权成交量单日接近翻倍，至215万张，看跌期权占比抬升至51%，处于近4个月来高位。期权链上，空军占据上风，其中，上周五到期、220美元行权价的put单成交最活跃，有14.04万张。

而未到期的合约中，成交量最大的是8月16日到期、110/125美元行权价的两张put单，分别有6.36万张和6.41万张，后者目前收涨200%。

消息面上，巴菲特旗下的伯克希尔哈撒韦公司公布的最新持仓显示，公司二季度所持苹果的股份从一季度的7.89亿股，减少至约4亿股，下降幅度接近50%。

2、利空频出！$英伟达 (NVDA.US)$上周五跌近2%，期权成交增至764万张，较30日均量放大1.6倍，看涨比降至56.8%。期权链上，多空双方持续博弈，其中，上周五到期、105美元行权价的put单成交量最高，有28.32万张；其次是8月9日到期、115美元行权价的call单，有24.81万张。

消息面上，英伟达因收购初创公司Run:ai的计划可能涉及反垄断问题，正面临美国司法部的审查。同时，有消息人士称，该公司也遭到了部分竞争对手的投诉，指控其在定价和销售策略上拥有极大的话语权，可能损害了竞争对手和客户的利益。
另外，此前媒体报道称，英伟达AI芯片设计缺陷可能会导致发布推迟三个月或更长时间，对此，英伟达方面回应称，不会对谣言发表评论，并强调旗下产品需求十分强劲，产量有望在下半年增加。

3、Q2业绩远逊预期！$英特尔 (INTC.US)$上周五暴跌逾26%，期权成交量一夜放大2.7倍，至148万张，创下年内新高，看涨期权占比近62%。期权链上，成交量最大的是上周五到期、22美元行权价的call单，有6.63万张；其次是同样上周五到期、20美元的put单，有3.96万张。

值得注意的是，上周五到期、23美元行权价的put单涨幅惊人，期权金壕赚150倍；而同一日到期，22-25.5行权价的多张put单均有数十倍涨幅。

英特尔上周公布的二季报显示，公司营收128亿美元，同比下降1%，季度净亏损达16亿美元，上年同期净利润15亿美元，同比转亏。公司从2024年第四财季开始暂停派息，为最近32年来首次暂停派息。另外，英特尔还宣布将裁减公司15%的员工，共计约1.5万人，这是英特尔有史以来最大规模裁员。

4、避险情绪急剧升温，$20+年以上美国国债ETF-iShares (TLT.US)$迎七连涨！该标的上周五期权成交量大增至108万张，环比上一交易日增长68%，看涨比抬升至近76%。期权链上，多军情绪高涨，成交居前的均为call单，其中，成交量最大的是9月20日到期、105美元行权价的call单，有2.67万张；未平仓量最高的是明年1月17日到期、100美元行权价的call单，有9.57万张。

鉴于上周五公布的美国最新非农数据，触及了预示经济衰退即将到来“萨姆规则”，上周，美国国债市场出现了一波自2023年3月银行业危机爆发以来没有见过的涨势。行情数据显示，对利率政策尤为敏感的2年期美债收益率上周累计下跌了逾50个基点，本周一盘初已进一步逼近了3.8%。素有“全球资产定价之锚”之称的10年期美债收益率也在上周重挫了约40个基点。

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/eason

Key focus

1. Buffett's holdings are “cut”!$Apple (AAPL.US)$It fell more than 7% in the pre-market on Monday. Apple's options turnover nearly doubled in a single day to 2.15 million last Friday. The share of put options rose to 51%, which is the highest level in the past four months. In the options chain, the Air Force has the upper hand. Among them, PUT orders with an exercise price of $220 that expired last Friday were the most active, with 0.1404 million.

Among the unexpired contracts, the largest volume was the two PUT orders which expired on August 16 and had an exercise price of $110/125, with 0.0636 million and 64,100 respectively. The latter has now closed 200% higher.

According to the news, Buffett's$Berkshire Hathaway-A (BRK.A.US)$According to the latest announced positions, the company's Apple shares in the second quarter were reduced from 0.789 billion shares in the first quarter to about 0.4 billion shares, a drop of nearly 50%.

2. There are frequent negative points!$NVIDIA (NVDA.US)$It fell nearly 2% last Friday, and options transactions increased to 7.64 million, 1.6 times larger than the 30-day average, and the bullish ratio fell to 56.8%. In the options chain, the long and short sides continue to play. Among them, put orders that expired last Friday and had the highest trading volume of $105, with 0.2832 million; followed by call orders with an exercise price of $115 that expired on August 9, with 0.2481 million.

According to the news, Nvidia is facing scrutiny by the US Department of Justice because plans to acquire startup Run:ai may involve antitrust issues. Meanwhile, according to some sources, the company has also received complaints from some competitors, alleging that it has a huge say in pricing and sales strategies, which may harm the interests of competitors and customers.
Also, according to previous media reports, Nvidia's AI chip design flaws may cause the release to be delayed for three months or more. In response, Nvidia said it would not comment on the rumor and emphasized that demand for its products is very strong, and production is expected to increase in the second half of the year.

3. Q2 performance fell far short of expectations!$Intel (INTC.US)$Last Friday, it plummeted by more than 26%. Options trading volume increased 2.7 times overnight to 1.48 million, a record high during the year, with bullish options accounting for nearly 62%. In the options chain, the biggest trading volume was a call order with an exercise price of $22 due last Friday, with 0.0663 million; followed by a $20 put order that also expired last Friday, with 0.0396 million.

It is worth noting that put orders with an exercise price of 23 US dollars, which expired last Friday, rose amazingly, and options earned 150 times; while when they expired on the same day, multiple PUT orders with a price of 22-25.5 increased tens of times.

According to the second-quarter report released by Intel last week, the company's revenue was 12.8 billion US dollars, down 1% year on year. The quarterly net loss reached 1.6 billion US dollars, and net profit for the same period last year was 1.5 billion US dollars, which turned into a year-on-year loss. The company suspended dividends from the fourth fiscal quarter of 2024. This is the first time in the last 32 years that dividends have been suspended. In addition, Intel also announced that it will cut 15% of the company's employees, totaling about 0.015 million people. This is the largest layoff in Intel's history.

4. Risk aversion heats up rapidly,$iShares 20+ Year Treasury Bond ETF (TLT.US)$Welcome seven consecutive gains! The trading volume of the underlying option surged to 1.08 million last Friday, up 68% from the previous trading day, and the bullish ratio rose to nearly 76%. On the options chain, sentiment was high. The most traded call orders were all. Among them, the most traded call order was the call order that expired on September 20 and had an exercise price of $105, with 0.0267 million; the highest number of unclosed positions was the call order expiring on January 17 next year with an exercise price of $100, with 0.0957 million.

In view of the latest US non-farm payrolls data released last Friday, touching on the “Sam's Rule,” which indicates an imminent recession, last week, the US Treasury bond market experienced a wave of gains not seen since the banking crisis began in March 2023. According to market data, the 2-year US Treasury yield, which is particularly sensitive to interest rate policies, fell by more than 50 basis points last week, and was even closer to 3.8% at the beginning of the Monday session. The 10-year US Treasury yield, known as the “anchor of global asset pricing,” also fell sharply by about 40 basis points last week.

1. US stock options trading list

II. ETF options trading list

III. Implied Volatility of Individual Stocks (IV) Ranking

Risk warning

An option is a contract that gives a holder the right, but no obligation, to buy or sell an asset at a fixed price on or at any time prior to that date. The price of an option is affected by a number of factors, including the underlying asset's current price, exercise price, expiration time, and implied volatility.

The implied volatility reflects the market's expectations for options to fluctuate over a period of time to come. It is data inverted by the options BS pricing model, and is generally viewed as an indicator of market sentiment. When investors anticipate greater volatility, they may be more willing to pay higher options to help hedge risks, leading to higher implied volatility.

Traders and investors use implied volatility to assess the appeal of option prices, identify potential mispricing, and manage risk exposure.

Disclaimers

This content does not constitute an offer, solicitation, recommendation, opinion or guarantee of any securities, financial products or instruments. The risk of losing money when trading options can be extremely high. In some cases, you may lose more than the amount of your initial deposit. Even if you set backup instructions, such as “stop corrosion” or “limit price” instructions, you may not be able to avoid losses. Market conditions may make such instructions unenforceable. You may be asked to deposit an additional security deposit within a short period of time. If you fail to provide the required amount within the specified time, your open positions may be closed. However, you are still responsible for any shortfall in your account as a result. Therefore, you should study and understand options before trading, and carefully consider whether this type of trading is suitable for you based on your financial situation and investment goals. If you trade options, you should be familiar with the procedures for exercising options and when they expire, as well as your rights and responsibilities when you exercise options and when they expire.

Edit/eason

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