Top 10 Options Trading Volume:

Advanced Micro Devices, Inc.(AMD.US): Overnight fell by 6.27%, with a total options trading volume reaching 1.86 million contracts, an increase of 906,600 contracts from the previous day, which is 0.95 times the volume compared to the prior day. There are 3.86 million open interest contracts. 

AMD’s fourth-quarter data center revenue was $3.9 billion, lower than the market’s general expectation of $4.15 billion; the performance of the data center segment is crucial for AMD, as it is an important indicator for measuring the market demand strength for its processors.

Alphabet Inc. Class A(GOOGL.US): Overnight fell by 7.29%, with a total options trading volume reaching 1.18 million contracts, an increase of 505,100 contracts from the previous day, which is 0.75 times the volume compared to the prior day. There are 2.34 million open interest contracts. 

The latest earnings report shows that Google’s fourth-quarter revenue was below Wall Street’s expectations, and it has announced that it will continue to increase investment in artificial intelligence infrastructure until 2025. The report indicated that its cloud business fell short of expectations and a surge in capital expenditures, causing the market to worry about its future earnings outlook.

Uber Technologies,Inc.(UBER.US): Overnight fell by 7.56%, with a total options trading volume reaching 590,000 contracts, an increase of 83,300 contracts from the previous day, which is 0.17 times the volume compared to the prior day. There are 1.82 million open interest contracts.

Uber’s fourth-quarter revenue exceeded expectations, but Q1 orders were below Wall Street’s forecast. The company has joined the ranks of many American firms warning that a strong dollar might impact performances for the first three months before 2025.

Super Micro Computer, Inc.(SMCI.US): Overnight increased by 7.99%, with a total options trading volume reaching 550,000 contracts, an increase of 233,400 contracts from the previous day, which is 0.75 times the volume compared to the prior day. There are 3.02 million open interest contracts. 

Supermicro Computer is an important partner of Nvidia. On Wednesday, the company announced that its new AI data center systems equipped with Nvidia’s advanced Blackwell chips are now ready to ship.

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

Options Activity Tracking:

Coinbase Global, Inc.(COIN.US): Overnight fell by 1.87%, with the COIN_250214_C_355.0 call option having a strike price of $355.00, expiring on February 14, 2025, traded 19,500 contracts, and this option fell by 50.42%. The cryptocurrency market as a whole weakened, with major cryptocurrencies such as Bitcoin and Ethereum experiencing significant price declines, with Bitcoin momentarily falling below $92,000. As the largest cryptocurrency exchange in the United States, Coinbase’s stock price was significantly affected.

Advanced Micro Devices, Inc.(AMD.US): Overnight fell by 6.27%, with the AMD_250207_C_109.0 call option having a strike price of $109.00, expiring on February 7, 2025, traded 33,700 contracts, and this option fell by 68.67%.

Advanced Micro Devices, Inc.(AMD.US): Overnight fell by 6.27%, with the AMD_250207_C_107.0 call option having a strike price of $107.00, expiring on February 7, 2025, traded 19,900 contracts, and this option fell by 59.21%. AMD’s data center business segment reported fourth-quarter revenue of about $3.86 billion, a year-over-year increase of 69%, which was below the previously estimated $4.09 billion by Wall Street analysts. Its fourth-quarter GAAP net profit decreased by 28% year-over-year to $482 million, and GAAP diluted earnings per share decreased by 29% to $0.29, both below expectations.

Alphabet Inc. Class A(GOOGL.US): Overnight fell by 7.29%, with the GOOGL_250214_C_192.5 call option having a strike price of $192.50, expiring on February 14, 2025, traded 12,300 contracts, and this option fell by 80.66%. 

Alphabet Inc. Class C(GOOG.US): Overnight fell by 6.94%, with the GOOG_250207_C_192.5 call option having a strike price of $192.50, expiring on February 7, 2025, traded 23,300 contracts, and this option fell by 83.72%. Google’s fourth-quarter revenue was below Wall Street’s expectations, and it announced plans to continue increasing investment in artificial intelligence infrastructure until 2025. The earnings report showed that its cloud business was weaker than expected and capital expenditures surged, causing market concerns about its future profit outlook.

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:

BigBear.ai, a provider of artificial intelligence and business intelligence solutions, announced that it has received a contract from the United States Department of Defense’s Chief Digital and Artificial Intelligence Office (CDAO) to advance the development of its Virtual Adversary Network Environment (VANE) prototype. Boosted by this news, the stock price of BigBear.ai BigBear.ai Holdings Inc Ordinary Shares(BBAI.US) surged over 44% at Wednesday’s close, reaching a new high not seen in nearly three years. Options trading volume for the day reached 342,000 contracts, with implied volatility soaring to 160%.

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