Key focus.

1,$Apple (AAPL.US)$Up nearly 3% overnight, hitting a historic high again. The options trading volume is 6.22 million contracts, an increase of nearly 400% compared to the average daily trading volume. The call-to-put ratio has reached 66%. On the options chain, the call option with an expiration date of Friday and a strike price of $220 has the highest trading volume, with 447,000 contracts and 17,000 open interest. In addition, call options with the same expiration date and a strike price of $230 earned nearly three times the premium.

At this year's WWDC conference, Apple officially released its first generative AI model, Apple Intelligence, marking its official entry into the AI era. D.A. Davidson analyst Gil Luria raised Apple's rating from "neutral" to "buy" and raised its target price from $200 to $230. He said that Apple's WWDC conference inspired consumers' hopes for paying for the next generation of iPhones and that AI features may bring the much-needed iPhone upgrade cycle, which represents the growth catalyst that investors have been waiting for.

2,$Tesla (TSLA.US)$Up nearly 4% overnight, and up more than 6% in pre-market. The options trading volume is 1.72 million contracts, an increase of more than 30% compared to the previous trading day. The call-to-put ratio rose to 63%. On the options chain, the call options with an expiration date of Friday and a strike price of $180/185 have the highest trading volume, with 95,000 contracts and 77,000 contracts respectively, and the open interest is 34,000 contracts and 55,000 contracts respectively. In addition, several call options with the same expiration date and a higher strike price more than doubled in premium. In addition, a large order with a transaction amount of more than $10 million was discovered that a large account sold a put option with a June 21 expiration date and a strike price of $276.67 when the Tesla stock price was $179.26.

Tesla's annual shareholders meeting will be held on the morning of June 14th, Beijing time. Voting on two key proposals to reapprove Musk's compensation plan and relocate Tesla's headquarters from Delaware to Texas will be conducted in advance. The final deadline for investors to vote is 10:59 p.m. Central Time on June 12th (11:59 a.m. Beijing time on June 13th). Before announcing the vote count results, Musk announced in advance on X that the two resolutions are currently receiving approval with a "significant advantage".

3,$GameStop (GME.US)$Down more than 16% overnight, the options trading volume is 1.21 million contracts, an increase of nearly 60% compared to the average daily trading volume. The call-to-put ratio dropped to 63%. It is worth noting that the call options with a June 21st expiration date and a strike price of $20, held by "Roaring Kitty", have the highest trading volume, with 93,000 contracts and approximately 170,000 open interest.

"Roaring Kitty" Keith Gill recently revealed that he holds 120,000 GameStop call options with a June 21 expiration date, with a strike price of $20. As GameStop's $20 call option trading volume surged in the last hour of trading on Wednesday, some market participants believe that Keith Gill may have gradually sold some of his recently disclosed GameStop call option positions, meaning he may be exiting. Chris Murphy, co-head of derivatives strategy at Susquehanna International Group, speculated that it appears Gill is unwinding his position.

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