Market Overview

As of the latest intraday close, the Dow Jones Industrial Average(DJI.US) fell by 0.14% to 46,694.97 points. The NASDAQ(IXIC.US) rose by 0.71% to 22,941.67 points, and the S&P 500 index(SPX.US) increased by 0.36% to 6,740.28 points.

Notably, the S&P 500's put option volume reached 1.8814 million contracts, while call option volume was 1.5954 million contracts, resulting in a put/call ratio of approximately 1.18. This indicates a strong bearish sentiment among investors towards the index. Among these, the SPX put option SPXW 071025 P 6465 had a trading volume of 15,600 contracts, with a VOL/OI ratio of 137.86. The strike price for this contract is $6,465.00, and it dropped by 86.67%.

Top 10 Options Trading Volume:

Advanced Micro Devices, Inc.(AMD.US): As of the latest intraday close, AMD shares surged 23.71%. The total options volume reached 2.48 million contracts, an increase of 1.666 million from the previous day, up 2.06 times day-over-day. Open interest stands at 3.6 million contracts. AMD and OpenAI announced a multi-year agreement to support OpenAI's AI infrastructure with multiple generations of AMD Instinct GPUs. AMD also issued up to 160 million warrants to OpenAI.

Tesla Motors, Inc.(TSLA.US): As of the latest intraday close, Tesla shares rose 5.45%. The total options volume was 1.91 million contracts, a decrease of 3.414 million from the previous day, down 0.64 times day-over-day. Open interest is at 7.76 million contracts. The company hinted at a new model release on October 7, sparking speculation about a low-cost model. Tesla recently reported a record Q3 delivery of 497,100 vehicles, exceeding expectations. However, the company faces shareholder pressure regarding CEO Elon Musk's compensation plan and board re-election.

NVIDIA Corporation(NVDA.US): As of the latest intraday close, NVIDIA shares fell 1.11%. The total options volume was 1.89 million contracts, a decrease of 1.0558 million from the previous day, down 0.36 times day-over-day. Open interest is at 18.78 million contracts.

OpenDoor Technologies(OPEN.US): As of the latest intraday close, Opendoor shares rose 14.43%. The total options volume reached 1.14 million contracts, a decrease of 262,500 from the previous day, down 0.19 times day-over-day. Open interest stands at 2.99 million contracts.

SoFi(SOFI.US): As of the latest intraday close, SoFi Technologies shares increased by 4.44%. The total options volume was 750,000 contracts, an increase of 128,600 from the previous day, up 0.21 times day-over-day. Open interest is at 3.99 million contracts.

Archer Aviation(ACHR.US): As of the latest intraday close, Archer Aviation shares jumped 17.89%. The total options volume reached 680,000 contracts, an increase of 300,600 from the previous day, up 0.79 times day-over-day. Open interest is at 950,000 contracts. The significant rise is attributed to optimism about the expansion of its air taxi business, reflecting market confidence in the company's potential in urban air mobility.

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

Options Activity Tracking:

Advanced Micro Devices, Inc.(AMD.US): As of the latest intraday close, AMD shares surged 23.71%. Among the notable options activity:

• The call option AMD 101025 C 240, with a strike price of $240.0 and expiring on October 10, 2025, traded 57,200 contracts and soared by 6,100.0%.
• The call option AMD 101025 C 225, with a strike price of $225.0 and expiring on October 10, 2025, traded 32,100 contracts and skyrocketed by 8,300.0%.

Iris Energy Limited(IREN.US): As of the latest intraday close, IREN shares rose 14.45%. Among the notable options activity:

• The put option IREN 171025 P 60, with a strike price of $60.0 and expiring on October 17, 2025, traded 41,000 contracts and dropped by 49.13%.

TeraWulf Inc Ordinary Shares(WULF.US): As of the latest intraday close, WULF shares edged up 0.42%. Among the notable options activity:

• The call option WULF 311025 C 14.5, with a strike price of $14.5 and expiring on October 31, 2025, traded 20,700 contracts and declined by 19.61%.

Hewlett Packard Enterprise Co.(HPE.US): As of the latest intraday close, HPE shares increased by 1.47%. Among the notable options activity:

• The call option HPE 101025 C 27, with a strike price of $27.0 and expiring on October 10, 2025, traded 21,000 contracts and rose by 50.0%.

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!