Key focus.
1,$PDD Holdings (PDD.US)$The overnight drop was nearly 30%, with the call options accounting for approximately 55% and the trading volume increasing nearly 8 times to 0.81 million contracts, compared to the 30-day average. On the options chain, the bears hold the main position, with very small open interest in the top nine contracts, with only 868 contracts. The put options with expiration on this Friday and a strike price of $95 had the highest trading volume, reaching 0.052 million contracts, with an open interest of 552 contracts.
In addition, multiple put options with expiration on this Friday and strike prices ranging from $105 to $116 earned profits of over 50 times.
In terms of news, PDD Holdings' Q2 revenue fell short of expectations, and its future profits will gradually decline. During the earnings conference call, PDD Holdings' Executive Director and Co-CEO, Zhao Jia Zhen, stated that the increasingly intense competition in the e-commerce industry is inevitable and that the gradual decline of PDD Holdings' future profits is a necessary cost for long-term health.
2,$NVIDIA (NVDA.US)$Yesterday, the stock fell more than 2%, with an implied volatility rising to 72.03%, the call-to-rise ratio increasing to 62.5%, and the highest trading volume being for calls expiring this Friday with strike prices at $130 and $140, with trading volumes of approximately 0.12 million contracts and 70,000 contracts respectively.
It is worth noting that among the large trades yesterday, there was a combined order exceeding $18 million, consisting of a main buy of $12 million on puts expiring on December 18, 2026, with a strike price of $170, and a main sell of $6 million on puts expiring on December 18, 2026, with a strike price of $110.
3. Overnight,$Alibaba (BABA.US)$
1. US stock options trading list
2. ETF options trading list.
III. Individual StocksImplied 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/ping