Top 10 Options Trading Volume:

NVIDIA Corporation(NVDA.US): Down 2.09%, today’s option trading volume reached 3.81 million contracts, an increase of 1.54 million contracts from the previous day, a volume of 0.68 times that of the previous day. The open interest stands at 26.49 million contracts. 

Tesla Motors, Inc.(TSLA.US): Down 4.95%, today’s option trading volume totaled 3.27 million contracts, an increase of 1.0386 million contracts from the previous day, a volume of 0.47 times that of the previous day. The open interest is at 8.52 million contracts. 

Tesla China announced that from November 25 to December 31 this year, it will offer a 10,000 RMB instant discount on the final payment for the Model Y Rear-Wheel Drive and Long Range All-Wheel Drive versions, with prices starting from 239,900 RMB, and this can be combined with a five-year zero-interest policy. This price is the lowest global price for the Tesla Model Y to date.

Apple Inc.(AAPL.US): Down 1.32%, today’s option trading volume reached 1.14 million contracts, an increase of 298,100 contracts from the previous day, a volume of 0.35 times that of the previous day. The open interest is at 6.09 million contracts. 

Palantir Technologies(PLTR.US): Down 3.73%, today’s option trading volume was 890,000 contracts, an increase of 325,300 contracts from the previous day, a volume of 0.57 times that of the previous day. The open interest is at 3.66 million contracts. 

Rigetti Computing Inc Ordinary Shares(RGTI.US): Up 10.62%, today’s option trading volume reached 610,000 contracts, an increase of 234,400 contracts from the previous day, a volume of 0.63 times that of the previous day, with put options accounting for 34.89% of the total volume, and call options accounting for 65.11%. The open interest is at 540,000 contracts. 

Quantum computing concept stocks continue to soar, with Rigetti Computing Inc Ordinary Shares(RGTI.US) up 111.8% last week. D-Wave Quantum D-Wave Quantum Inc. Common Shares(QBTS.US) rose 53.9%. Seeking Alpha analyst Joseph Parrish said that while Rigetti has potential, investors must be patient to see these results materialize. Parrish stated, “Rigetti gives us hope for the democratization of quantum computing technology, but I think this possibility will not be realized until the end of this decade, and during this process, companies that need to raise funds will face many risks.”

MicroStrategy Incorporated Class A(MSTR.US): Down 3.24%, today’s option trading volume reached 590,000 contracts, an increase of 110,400 contracts from the previous day, a volume of 0.23 times that of the previous day. The open interest is at 2.72 million contracts. 

PUT/CALL: Counts the percentage of open put and call option holdings for the listed stocks during the trading day.

Options Activity Tracking:

NVIDIA Corporation(NVDA.US): Down 2.09%, among which the NVDA_250103_C_210.0 call option with an exercise price of $210.00 and expiration date of January 3, 2025, traded 52,900 contracts, with the option price unchanged at 0.0%.

NIKOLA CORPORATION(NKLA.US): Up 0.88%, with multiple CALL contracts actively traded, including:

NKLA_250103_C_1.0 call option with an exercise price of $1.00 and expiration date of January 3, 2025, traded 35,300 contracts, which saw a 31.25% increase in the option price. NKLA_250110_C_1.0 call option with an exercise price of $1.00 and expiration date of January 10, 2025, traded 35,200 contracts, which saw a 15.79% increase in the option price. 

Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR(TSM.US): Down 0.7%, among which the TSM_250110_C_202.5 call option with an exercise price of $202.50 and expiration date of January 10, 2025, traded 19,100 contracts, with the option price dropping 13.06%.

C3.ai Inc(AI.US): Down 4.26%, among which the AI_250103_C_36.5 call option with an exercise price of $36.50 and expiration date of January 3, 2025, traded 19,000 contracts, with the option price falling 52.35%.

vol/oi: The ratio of options volume to the number of open positions in the contract, with higher vol/oi indicating that the market is creating an abnormal number of new positions.

Options IV Unusual Movements:

Options trading volume is active for multiple quantum computing concept stocks, with Quantum Computing Inc.(QUBT.US), D-Wave Quantum Inc. Common Shares(QBTS.US), Rigetti Computing Inc Ordinary Shares(RGTI.US), etc., registering options trading volumes exceeding 145,900 contracts, 173,100 contracts, and 606,900 contracts for the day, respectively, with their implied volatility all rising over 200%.

Read More: A quick look at the pros and cons of index options!

Note: Implied volatility is an estimate of the expected fluctuation of a stock's price and is derived from the price of its options. High and low levels of implied volatility signify market sentiment and option supply and demand dynamics. Feeding into an option's premium, implied volatility, alongside time value and directional movement, embodies the core aspects influencing option pricing. Traders navigate their strategies within this three-dimensional framework.

Volume reflects the aggregate volume of options contracts executed in a single day.

IV Rank gauges the standing of the current implied volatility within the highest and lowest values observed over the past year, serving as a relative measure.

IV Percentile denotes the proportion of days during the past year when the implied volatility was lower than the present rate, providing a statistical norm.

IV Yearly High marks the apex of an option's implied volatility recorded within the preceding year, signaling its peak uncertainty or risk