Key focus.

1, in the past week, it fell by more than 2%, and the volume of options on Friday decreased slightly to 4 million contracts, with a call ratio dropping to 56%; on the open options chain, the call with an expiration date of this Friday and a strike price of $110 was the hottest, with a trading volume and open interest of nearly 0.09 million contracts. $NVIDIA (NVDA.US)$ The overnight surge exceeded 8%, and the trading volume nearly doubled compared to the previous trading day. The call options were hotly sought after, and the trading ratio rose to 63%. On the options chain, the bulls were the market leaders. The highest trading volume was for call options expiring this Friday with a strike price of $110, reaching 1.5 million contracts, with an open interest of 0.037 million contracts. There were also multiple call options expiring this Friday with strike prices between $115 and $125 that made a huge profit, with the premiums increasing by more than 10 times.

Upon examining the trading situation of large account options, it was found that there were large bets on call options with multiple strike prices expiring on October 18th of this year. The total trading volume exceeded 0.06 million contracts, involving more than $30 million.

Huang Renxun mentioned during his speech on Wednesday that the company's AI chip, Blackwell, is in high demand to the point that it has made customers dissatisfied and customers are competing for limited supply. This statement greatly stimulated market sentiment, and Nvidia's stock rose more than 8% overnight, driving the rise of the U.S. stock market.

3, the strong performance continued after the earnings report. The volume of options on Friday surged to 0.3 million contracts, and the call ratio increased again, to around 70%. On the options chain, the call with a $40 strike price expiring this Friday was sought after, with a trading volume of 0.034 million contracts and an open interest of 3,800 contracts. The option recorded a 100% increase on the day. $GameStop (GME.US)$ Overnight, the price dropped nearly 12%, with the trading volume rising more than twice the 30-day average to 0.39 million shares, with call options taking up almost 70% of the volume. On the options chain, the top five trading contracts are all call options, with the highest volume being the contract expiring on October 18 with a strike price of $125, reaching a volume of 0.018 million, and an open interest of 0.037 million shares.

$Trump Media & Technology (DJT.US)$ The price dropped over 10% overnight, with the options trading volume exceeding 0.12 million, doubling the 30-day average. The call options ratio significantly dropped to 52.4%, and the implied volatility (IV) decreased by nearly 30% to 180%. The top two options by volume are puts expiring this Friday with a strike price of $15, and calls expiring at $20.

It is worth noting that the open interest for puts expiring on January 17 with a strike price of $2.5 is very high, close to 0.044 million shares.

U.S. Democratic presidential candidate Kamala Harris and Republican rival Donald Trump faced off in their first face-to-face debate on Tuesday, prior to the November vote. Real-time polls show that over 60% of the audience believed the former won this significant confrontation. Afterwards, the famous singer Taylor Swift immediately announced her vote for Harris.

The aftermath of the debate continued to create ripples in the market on Wednesday. Many observers believe that Trump was clearly at a disadvantage, which directly led to a sharp drop in the stock price of his media company DJT.

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.

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