Option Signals | Amazon Soars Nearly 10%! Multiple PUTs Plunge Over 80%; Palantir Pre-Earnings Call Option Volume Surges Nearly 70%
Dow Jones Industrial Average DJI | 46785.51 | +0.96% |
S&P 500 index SPX | 6608.30 | +1.22% |
SPXW 300126 P 6470 |
| |
NVIDIA Corporation NVDA | 176.88 | +1.42% |
Tesla Motors, Inc. TSLA | 381.34 | +2.58% |
Market Overview
As of last Friday’s close, the Dow Jones Industrial Average(DJI.US) rose 0.09% to 47,562.87 points; the Nasdaq gained 0.61% to 23,724.96 points; and the S&P 500 increased 0.26% to 6,840.2 points.
Notably, the S&P 500 index(SPX.US) put option volume reached 2.3695 million contracts, while call option volume was 2.1630 million contracts, with a put/call ratio around 1.10, indicating strong bearish sentiment among investors. In particular, the SPX put option SPXW 300126 P 6470 recorded a trading volume of 8,000 contracts and a VOL/OI ratio of 76.51. The strike price of this contract is $6,470.00, and the option price rose 6.17%.
Top 10 Options Trading Volume:
NVIDIA Corporation(NVDA.US): Last Friday, Nvidia fell 0.2%. The total options trading volume for the day reached 3.57 million contracts, an increase of 287,200 from the previous day, representing a 0.09x increase compared to the previous day. Open interest stood at 20.68 million contracts.
Tesla Motors, Inc.(TSLA.US): Tesla rose 3.74% last Friday. The total options trading volume for the day reached 3.43 million contracts, up 1.422 million from the previous day, representing a 0.71x increase over the previous day. Open interest stood at 8.25 million contracts.
Morgan Stanley analyst Adam Jonas gave high praise for Tesla’s success in the autonomous driving sector, especially its progress in developing Robotaxis. Jonas stated that fully autonomous vehicles have crossed a major threshold, and pointed out that Tesla’s Q3 FY2025 financial performance could be a turning point. In addition, Tesla plans to further expand Robotaxi operations in Nevada, Florida, and Arizona in 2025 and may gradually remove in-car safety drivers.
Amazon.com, Inc.(AMZN.US) : Amazon jumped 9.58% last Friday. The total options trading volume for the day was 2.96 million contracts, up 1.6918 million from the previous day, a 1.33x increase compared to the previous day. Open interest stood at 5.21 million contracts.
Amazon posted better-than-expected Q3 results, sending its stock to an all-time high and pushing market cap up by nearly $300 billion. The latest financial report showed EPS of $1.95, beating Wall Street’s consensus of $1.57. This also included investment gains from AI startup Anthropic; quarterly revenue reached $180.2 billion, above analysts’ estimate of $177.9 billion. The cloud computing division AWS posted revenue of $33.0 billion, above market expectations of $32.5 billion. Amazon projects current-quarter revenue between $206 billion and $213 billion, with market consensus at $208.4 billion. Following the results, multiple investment banks raised their price targets for Amazon: Wedbush to $330, Piper Sandler to $300, Baird to $285, and Jefferies to $275.
| Code | Closing Price | Volume | Open Interest | PUT/CALL |
|---|---|---|---|---|
| NVIDIA Corporation(NVDA.US) | 202.49 | 3.57M | 20.68M | 0.9 |
| Tesla Motors, Inc.(TSLA.US) | 456.56 | 3.43M | 8.25M | 0.9 |
| Amazon.com, Inc.(AMZN.US) | 244.22 | 2.96M | 5.21M | 0.7 |
| Apple Inc.(AAPL.US) | 270.37 | 1.85M | 5.86M | 0.7 |
| Meta Platforms(META.US) | 648.35 | 1.67M | 2.91M | 0.6 |
| Palantir(PLTR.US) | 200.47 | 1.22M | 3.47M | 1.0 |
| Strategy (MSTR.US) | 269.51 | 0.79M | 2.92M | 0.9 |
| Advanced Micro Devices, Inc.(AMD.US) | 256.12 | 0.72M | 3.97M | 1.0 |
| Microsoft Corporation(MSFT.US) | 517.81 | 0.61M | 2.66M | 0.7 |
| SoFi(SOFI.US) | 29.68 | 0.56M | 4.53M | 0.7 |
PUT/CALL: Counts the percentage of open put and call option holdings for the listed stocks during the trading day.
Options Activity Tracking:
Wolfspeed(WOLF.US): Rose 0.61% overnight. On October 31st, several large-volume put options expired, including:
WOLF 311025 P 6 put option with a strike price of $6.00, expiring on October 31, 2025, traded 75,100 contracts; the price of this option fell 7.02%.
WOLF 311025 P 3 put option with a strike price of $3.00, expiring on October 31, 2025, traded 42,400 contracts; the price of this option rose 1.91%.
For Q1 FY2026 (25Q3), Wolfspeed reported revenue of $197 million, up 1.1% year-over-year, mainly impacted by slowing automotive demand and high inventory in industrial & energy segments. Gross margin for the quarter was -39.2%, which included $29 million of specific inventory reserves and a $47 million cost from underutilization at Mohawk Valley and JP factories. Excluding these effects, quarterly gross margin would be around 0%.
Wolfspeed’s guidance for Q2 FY2026 (25Q4) is revenue of $150–$190 million, impacted by customers pre-stocking before the Durham factory closure and some seeking "second supplier" options amid reorganization. Since the company will record major restructuring and accounting items, no EPS guidance is provided for next quarter.
Tesla Motors, Inc.(TSLA.US): Rose 3.74% overnight. The TSLA 071125 P 165 put option with a $165.00 strike price expiring on November 7, 2025, traded 33,000 contracts; its price dropped by 66.67%.
Amazon.com, Inc.(AMZN.US): Rose 9.58% overnight. On October 31st, several large-volume put options expired, including:
AMZN 311025 P 247.5 put option with a $247.50 strike price expiring on October 31, 2025, traded 49,200 contracts; its price dropped 87.32%.
AMZN 311025 P 245 put option with a $245.00 strike price expiring on October 31, 2025, traded 108,700 contracts; its price dropped 97.12%.
Company | Option Direction Strike Price | Expiration Date | Trading Volume | Open Interest | vol/oi |
| Wolfspeed(WOLF.US) | PUT $6.0 | 10/31/25 | 75.09K | 176 | 426.65 |
| Tesla Motors, Inc.(TSLA.US) | PUT $165.0 | 11/07/25 | 32.99K | 102 | 323.45 |
| Wolfspeed(WOLF.US) | PUT $3.0 | 10/31/25 | 42.35K | 205 | 206.59 |
| Amazon.com, Inc.(AMZN.US) | PUT $247.5 | 10/31/25 | 49.2K | 240 | 205.0 |
| Amazon.com, Inc.(AMZN.US) | PUT $245.0 | 10/31/25 | 108.73K | 565 | 192.44 |
| Coinbase(COIN.US) | CALL $357.5 | 11/07/25 | 19.7K | 109 | 180.76 |
| Wolfspeed(WOLF.US) | PUT $1.5 | 10/31/25 | 64.76K | 396 | 163.54 |
| Wolfspeed(WOLF.US) | PUT $2.0 | 10/31/25 | 76.41K | 532 | 143.62 |
| Wolfspeed(WOLF.US) | PUT $7.0 | 10/31/25 | 114.31K | 858 | 133.23 |
| Rigetti Computing(RGTI.US) | CALL $45.5 | 11/07/25 | 19.01K | 160 | 118.8 |
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.
Read More: A quick look at the pros and cons of index options!