Option Signals | Meta Hits Record High Post-Earnings, Bullish Options Make Up Nearly 60%; Microsoft Briefly Surpasses $4 Trillion Market Cap, Faces Multiple PUT Bets Post-Earnings
Dow Jones Industrial Average DJI | 0.00 | |
NASDAQ IXIC | 0.00 | |
S&P 500 index SPX | 0.00 | |
VIX 221025 C 110 | 0.00 | |
NVIDIA Corporation NVDA | 0.00 |
Market Overview
At the close of trading, the Dow Jones Industrial Average(DJI.US) fell by 0.74% to 44,130.98 points. The NASDAQ(IXIC.US) decreased slightly by 0.03%, ending at 21,122.45 points. Meanwhile, the S&P 500 index(SPX.US) dropped 0.37% to 6,339.39 points.
Notably, the trading volume for $VIX put options reached 171,500 contracts, while call options saw a volume of 518,300 contracts. The put-to-call ratio stood at approximately 0.33, indicating strong bullish sentiment among investors for this index. Specifically, the $VIX call option VIX 221025 C 110 had a trading volume of 100,000 contracts, with a VOL/OI ratio of 105.73. This contract has a strike price of $110.00 and experienced a decline of 17.65%.
Top 10 Options Trading Volume:
NVIDIA Corporation(NVDA.US): Overnight, Nvidia shares fell by 0.78%. The total options volume for the day reached 3.62 million contracts, an increase of 721,400 contracts from the previous day, representing a 0.25-fold increase. The open interest stands at 20.19 million contracts.
Tesla Motors, Inc.(TSLA.US): Tesla shares dropped 3.38% overnight. The day's options volume hit 2.14 million contracts, up by 574,000 contracts from the previous day, a 0.37-fold increase. The open interest is at 8.09 million contracts.
Amazon.com, Inc.(AMZN.US): Amazon shares rose 1.7% overnight. The options volume for the day reached 1.37 million contracts, an increase of 1.115 million contracts from the previous day, a 4.44-fold increase. The open interest is 3.81 million contracts. Amazon's Q2 2025 revenue was $167.7 billion, compared to $147.98 billion in the same period last year, exceeding market expectations of $162.047 billion. Net profit also surpassed expectations, growing 35% to $18.2 billion.
Meta Platforms(META.US): Meta shares surged 11.25% overnight. The options volume for the day reached 1.25 million contracts, an increase of 770,400 contracts from the previous day, a 1.6-fold increase. Put options accounted for 41.81% of total volume, while call options made up 58.19%. The open interest is 2.10 million contracts. Meta's strong earnings report and better-than-expected Q3 revenue guidance were highlights. The company plans to significantly increase investment in AI infrastructure, including data centers and servers, potentially doubling expenditures.
Microsoft Corporation(MSFT.US): Microsoft shares rose 3.95% overnight. The options volume for the day reached 1.11 million contracts, an increase of 692,100 contracts from the previous day, a 1.66-fold increase. The open interest is 2.37 million contracts. Microsoft's market capitalization briefly surpassed $4 trillion, making it the second company globally to reach this milestone. In a statement released on July 30, Microsoft reported that its Azure cloud computing division saw a 39% sales increase in Q4, exceeding analysts' expectations of a 34% rise.
Apple Inc.(AAPL.US): Apple shares fell 0.71% overnight. The options volume for the day reached 1.05 million contracts, an increase of 566,300 contracts from the previous day, a 1.16-fold increase. The open interest is 4.84 million contracts. Apple's Q3 earnings report showed total revenue of $94.04 billion, the highest in recent years, with a 10% year-over-year increase, far exceeding market expectations of $89.53 billion. Net profit reached $24.43 billion, with earnings per share at $1.57, surpassing the expected $1.43. The iPhone 16 contributed strongly, with smartphone revenue up 13%.
| Code | Closing Price | Volume | Open Interest | PUT/CALL |
|---|---|---|---|---|
| NVIDIA Corporation(NVDA.US) | 177.87 | 3.62M | 20.19M | 0.9 |
| Tesla Motors, Inc.(TSLA.US) | 308.27 | 2.14M | 8.09M | 1.0 |
| Amazon.com, Inc.(AMZN.US) | 234.11 | 1.37M | 3.81M | 0.8 |
| Meta Platforms(META.US) | 773.44 | 1.25M | 2.1M | 0.8 |
| Microsoft Corporation(MSFT.US) | 533.5 | 1.11M | 2.37M | 0.8 |
| Apple Inc.(AAPL.US) | 207.57 | 1.05M | 4.85M | 0.7 |
| Advanced Micro Devices, Inc.(AMD.US) | 176.31 | 0.91M | 3.98M | 0.9 |
| UnitedHealth Group Incorporated(UNH.US) | 249.56 | 0.76M | 1.72M | 0.4 |
| SoFi(SOFI.US) | 22.58 | 0.74M | 3.61M | 0.8 |
| Robinhood(HOOD.US) | 103.05 | 0.64M | 2.27M | 0.6 |
PUT/CALL: Counts the percentage of open put and call option holdings for the listed stocks during the trading day.
Options Activity Tracking:
Meta Platforms(META.US): Shares rose 11.25% overnight. The put option META 010825 P 770, with a strike price of $770.00 and expiring on August 1, 2025, saw a volume of 20,100 contracts and dropped 93.96%.
Wynn Resorts, Limited(WYNN.US): Shares fell 0.46% overnight. The put option WYNN 080825 P 100, with a strike price of $100.00 and expiring on August 8, 2025, traded 21,400 contracts and increased by 10.91%.
Microsoft Corporation(MSFT.US): Shares climbed 3.95% overnight, yet faced significant put option bets:
- MSFT 010825 P 532.5, with a strike price of $532.50 expiring on August 1, 2025, traded 17,000 contracts and fell 87.63%.
- MSFT 010825 P 527.5, with a strike price of $527.50 expiring on August 1, 2025, saw 9,200 contracts and dropped 92.99%.
- MSFT 010825 P 535, with a strike price of $535.00 expiring on August 1, 2025, traded 18,200 contracts and decreased by 83.31%.
| Code | Option Type | Strike Price | Expiration Date | Volume | Open Interest | Vol/OI |
|---|---|---|---|---|---|---|
| Meta Platforms(META.US) | PUT | $770.0 | 08/01/25 | 20.07K | 114 | 176.02 |
| Wynn Resorts, Limited(WYNN.US) | PUT | $100.0 | 08/08/25 | 21.43K | 156 | 137.39 |
| Microsoft Corporation(MSFT.US) | PUT | $532.5 | 08/01/25 | 16.95K | 157 | 107.94 |
| Microsoft Corporation(MSFT.US) | PUT | $527.5 | 08/01/25 | 9.2K | 125 | 73.57 |
| Microsoft Corporation(MSFT.US) | PUT | $535.0 | 08/01/25 | 18.18K | 271 | 67.08 |
| Microsoft Corporation(MSFT.US) | PUT | $530.0 | 08/01/25 | 21.35K | 331 | 64.51 |
| Oklo Inc(OKLO.US) | CALL | $95.0 | 11/21/25 | 10.81K | 171 | 63.23 |
| SoFi(SOFI.US) | PUT | $20.0 | 12/17/27 | 40.84K | 650 | 62.82 |
| UnitedHealth Group Incorporated(UNH.US) | PUT | $410.0 | 08/15/25 | 7.36K | 118 | 62.33 |
| Innodata Inc.(INOD.US) | PUT | $48.0 | 08/15/25 | 21.79K | 350 | 62.25 |
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.
Option IV Unusual Movements:
Energy Fuels Inc.(UUUU.US) saw options trading volume of 22,000 contracts, with an implied volatility (IV) of 93.55%.
Mark S. Chalmers will continue as the CEO of Energy Fuels Inc.
High IV stocks:
| Code | Volume | IV | IV Rank | IV Percentile |
|---|---|---|---|---|
| Canada Goose Holdings, Inc.(GOOS.US) | 5.86K | 80.57% | 95.74% | 99.00% |
| Owens & Minor, Inc.(OMI.US) | 6.39K | 104.51% | 89.40% | 98.00% |
| TSS, Inc.(TSSI.US) | 6.92K | 137.40% | 86.35% | 91.00% |
| Avantor(AVTR.US) | 18.23K | 63.25% | 85.51% | 96.00% |
| Energy Fuels Inc.(UUUU.US) | 22.01K | 93.55% | 84.86% | 96.00% |
| Huntsman Corporation(HUN.US) | 16.53K | 65.43% | 81.01% | 97.00% |
| Viking Therapeutics, Inc.(VKTX.US) | 14.54K | 124.66% | 76.98% | 91.00% |
| Barrick Mining(B.US) | 12.66K | 39.64% | 75.99% | 83.00% |
| Remitly Global, Inc.(RELY.US) | 6.47K | 86.71% | 74.70% | 98.00% |
| MONGODB(MDB.US) | 18.21K | 76.17% | 74.31% | 79.00% |
Source: Barchart, data as of Eastern Time, July 31, 2025.
Read More: A quick look at the pros and cons of index options!
Note: Implied volatility estimates the expected fluctuation of a stock's price and is derived from the cost 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, time value, and directional movement embody 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