Market Overview

By the close, the Dow Jones Industrial Average(DJI.US) fell 0.16% to 47,632.0 points, the Nasdaq Index rose 0.55% to 23,958.47 points, and the S&P 500 Index was flat at 0.0%, closing at 6,890.59 points.

Notably, the put option volume for S&P 500 index(SPX.US) reached 1.8725 million contracts, while the call option volume was 1.7969 million contracts, resulting in a put/call volume ratio of approximately 1.04, indicating stronger bearish sentiment among investors for the index. Among them, a single call option, SPXW 301025 C 7150, saw a trading volume of 17,400 contracts, with a VOL/OI ratio of 99.79. The strike price of this contract is 7,150.00 USD, and it dropped by 72.00%.

Top 10 Options Trading Volume:

NVIDIA Corporation(NVDA.US): Up 2.99% overnight, with total options volume reaching 5.82 million contracts, an increase of 672,900 contracts compared to the previous day (+0.13x). Open interest stands at 19.87 million contracts.
NVIDIA rose about 3%, pushing its market cap above 5 trillion USD, becoming the first company globally to reach this milestone. It achieved this less than four months after surpassing the 4 trillion USD mark. Year-to-date, NVIDIA has gained over 50%.

Tesla Motors, Inc.(TSLA.US): Up 0.21% overnight, with total options volume at 1.41 million contracts, a decrease of 624,900 contracts compared to the previous day (-0.31x). Open interest stands at 8.03 million contracts.
Tesla will hold its annual shareholder meeting on November 6, where CEO Elon Musk’s proposed 1 trillion USD compensation package will be voted on.

Palantir(PLTR.US): Up 4.86% overnight, with total options volume reaching 1.05 million contracts, an increase of 535,000 contracts compared to the previous day (+1.05x). Open interest stands at 3.29 million contracts.
NVIDIA CEO Jensen Huang announced a partnership with Palantir to advance AI deployment and transform enterprise data into dynamic decision intelligence. Palantir will integrate NVIDIA’s accelerated computing, CUDA-X libraries, and open-source NEMOTRON models into its Foundry framework. Palantir’s AIP platform will also support NVIDIA’s new AI factory reference design for government applications.

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

Options Activity Tracking:

Avantor(AVTR.US): Fell 23.21% overnight. The put option AVTR 211125 P 10, with a strike price of 10.0 USD and expiring on November 21, 2025, saw a volume of 53,900 contracts, rising 233.33%. The company reported Q3 earnings per share of 0.22 USD, below analysts' expectations of 0.23 USD, and sales of 1.623 billion USD, below the expected 1.647 billion USD.

Palantir(PLTR.US): Rose 4.86% overnight. The put option PLTR 311025 P 197.5, with a strike price of 197.5 USD and expiring on October 31, 2025, had a volume of 17,600 contracts, dropping 61.93%.

Nokia Oyj Sponsored ADR(NOK.US): Fell 5.66% overnight. The put option NOK 210128 P 7, with a strike price of 7.0 USD and expiring on January 21, 2028, saw a volume of 27,300 contracts, decreasing 23.64%, indicating a bearish long-term sentiment among investors.

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!