Top 10 Options Trading Volume:

NVIDIA Corporation(NVDA.US): Overnight increase of 0.33%. The current day’s option trading volume reached 3.09 million, an increase of 556,000 from the previous day, equivalent to a volume increase of 0.22 times compared to the previous day. There are 27.92 million open interest contracts. 

According to the latest disclosed Form 13F from the United States, globally renowned hedge fund Bridgewater, as well as Deutsche Bank, Greenwoods, and other institutions are significantly reducing their holdings in NVIDIA. Data showed that by the end of the third quarter this year, Bridgewater’s position in NVIDIA had seen a reduction of nearly 30% from the end of Q2. Currently, there is a substantial divergence in the market regarding NVIDIA’s performance outlook, with some institutions upgrading their target prices while others hold dissenting views. Terry Smith, often hailed as “Britain’s Buffett,” believes that NVIDIA’s high-profit margin may be difficult to maintain.

Tesla Motors, Inc.(TSLA.US): Overnight drop of 5.77%. The current day’s option trading volume reached 3.05 million, an increase of 533,300 from the previous day, equivalent to a volume increase of 0.21 times compared to the previous day. There are 8.31 million open interest contracts. 

Trump’s team is planning to cancel the $7,500 electric vehicle tax credit as part of a broader tax reform plan. This move could significantly affect America’s efforts to transition to electric vehicles, but reportedly, one of Trump’s biggest supporters, Tesla CEO Elon Musk, told Trump’s team he supports ending the electric vehicle tax credit.

Super Micro Computer, Inc.(SMCI.US): Overnight drop of 11.41%. The current day’s option trading volume reached 1.19 million, an increase of 724,400 from the previous day, equivalent to a volume increase of 1.57 times compared to the previous day, with bearish options accounting for nearly 60%. There are 4.45 million open interest contracts. 

Super Micro Computer has stated that due to its continued delay in submitting annual reports, the company was unable to file its quarterly 10-Q report for the period ending September 30, 2024, on time. The company mentioned that the board’s special committee has completed an investigation based on a range of preliminary concerns raised by its former auditor Ernst & Young. Additional work is underway by the committee, but the review is expected to be completed soon.

Apple Inc.(AAPL.US): Overnight increase of 1.38%. The current day’s option trading volume reached 810,000, an increase of 192,300 from the previous day, a drastic day-over-day volume surge of over 505%. There are 6.08 million open interest contracts. 

Warren Buffett’s Berkshire Hathaway has disclosed its latest holding report. Among the top ten holdings, Berkshire’s reduction of Apple stocks is noteworthy. With the newest holding of 300 million shares, valued at approximately $69.9 billion, it represents 26.24% of the investment portfolio, with the number of shares decreasing by 25% from the previous quarter. Although Apple remains Berkshire’s largest holding, the number of shares has plummeted from 905 million at the beginning of the year to 300 million shares.

Walt Disney Company(DIS.US) : Overnight increase of 6.23%. The current day’s option trading volume reached 570,000, an increase of 280,100 from the previous day, equivalent to a volume increase of 0.93 times compared to the previous day, with bullish options accounting for nearly 70%. There are 1.28 million open interest contracts.

The company announced its Q4 performance for FY2024, reporting a 6.28% year-over-year increase in revenue to $22.574 billion; net income jumped 74.24% year-over-year to $460 million, with earnings per share at $0.25. During the period, the entertainment division’s revenue rose by 14% compared to the same period last year, reaching $10.8 billion from $9.5 billion, driven by strong performances in the company’s television networks and streaming services.

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

Options Activity Tracking:

NextEra Energy, Inc.(NEE.US): Overnight increase of 1.4%, where the call option NEE_241122_C_80.0 with a strike price of $80.00, expiring on November 22, 2024, traded 10,500 contracts and the option fell by 22.22%.

Newell Brands Inc(NWL.US): Overnight decrease of 1.32%, where the call option NWL_250321_C_11.0 with a strike price of $11.00, expiring on March 21, 2025, traded 10,100 contracts and the option fell by 17.14%.

Super Micro Computer, Inc.(SMCI.US): Overnight drop of 11.41%, with investors optimistic about a future price increase, among them:

The call option SMCI_241115_C_18.0 with a strike price of $18.00, expiring on November 15, 2024, traded 15,200 contracts and the option fell by 59.2%.

The call option SMCI_241115_C_19.0 with a strike price of $19.00, expiring on November 15, 2024, traded 14,900 contracts and the option fell by 66.09%.

Tesla Motors, Inc.(TSLA.US): Overnight drop of 5.77%, where the call option TSLA_241129_C_322.5 with a strike price of $322.50, expiring on November 29, 2024, traded 8,300 contracts and the option fell by 55.95%.

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:

Super Micro Computer, Inc.(SMCI.US) experienced a significant overnight movement of over 11%, with the current day’s options trading volume reaching 1,186,300 contracts, and an implied volatility standing at 194.37%.

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