Option Signals | Nvidia Option Volume Exceeds 5.4 Million! Tesla Stock Price Halved from High
NVIDIA Corporation NVDA | 0.00 | |
Tesla Motors, Inc. TSLA | 0.00 | |
Strategy MSTR | 0.00 | |
Broadcom Limited AVGO | 0.00 | |
Apple Inc. AAPL | 0.00 |
I. Market Overview
On March 8, under the flip-flopping tariff policies of Trump, the US market was turbulent last week; the S&P 500 index recorded its largest weekly drop since last September and also marked its third consecutive week of decline.
Traders continue to focus on the uncertainty of Trump's trade policies; in addition, the US February non-farm payroll data fell short of expectations, with institutions stating that it would support a Fed rate cut in June. Fed Chairman Powell stated that he would wait for "more clarity" on Trump's policies before deciding on the next interest rate move.
II. Top 10 Option Volume
NVIDIA Corporation(NVDA.US): Rose 1.92% overnight, with daily option volume reaching 5.42 million, an increase of 1.27 million from the previous day, a 0.31x increase from the previous day. Open interest stands at 24.55 million.
Due to investor concerns over tariffs and a slowdown in AI computing equipment spending, Nvidia's market value has evaporated $1 trillion in just two months, a decline of over 27%, the largest since 2022.
Tesla Motors, Inc.(TSLA.US): Fell 0.3% overnight, with daily option volume reaching 3.67 million, an increase of 865,500 from the previous day, a 0.31x increase from the previous day. Open interest stands at 8.27 million.
Tesla has recorded a record-breaking seven consecutive weeks of decline, completely erasing its gains since the US presidential election. Analysts say Tesla's core electric vehicle business, the current source of cash flow, is experiencing a downturn.
MicroStrategy Incorporated Class A(MSTR.US): Fell 5.57% overnight, with daily option volume reaching 1.18 million, an increase of 415,100 from the previous day, a 0.54x increase from the previous day. Open interest stands at 2.51 million.
Trump held a digital currency summit at the White House, planning to establish a US federal government Bitcoin reserve and revealing that the US government holds 200,000 Bitcoins. However, the crypto market reacted tepidly to Trump's Bitcoin reserve plan, with Bitcoin briefly falling below the $80,000 mark on Monday.
Broadcom Limited(AVGO.US): Rose 8.64% overnight, with daily option volume reaching 1.09 million, an increase of 451,000 from the previous day, a 0.7x increase from the previous day. Open interest stands at 2.41 million.
Apple Inc.(AAPL.US): Rose 1.59% overnight, with daily option volume reaching 1.06 million, an increase of 249,700 from the previous day, a 0.31x increase from the previous day. Open interest stands at 4.8 million.
| Code | Closing Price | Volume | Open Interest | PUT/CALL |
|---|---|---|---|---|
| NVIDIA Corporation(NVDA.US) | 112.69 | 5.42M | 24.55M | 0.9 |
| Tesla Motors, Inc.(TSLA.US) | 262.67 | 3.67M | 8.28M | 0.8 |
| MicroStrategy Incorporated Class A(MSTR.US) | 287.18 | 1.18M | 2.51M | 0.7 |
| Broadcom Limited(AVGO.US) | 194.96 | 1.09M | 2.41M | 0.9 |
| Apple Inc.(AAPL.US) | 239.07 | 1.06M | 4.8M | 0.9 |
| Amazon.com, Inc.(AMZN.US) | 199.25 | 1.05M | 3.97M | 0.7 |
| Palantir Technologies(PLTR.US) | 84.91 | 0.95M | 3.73M | 0.7 |
| Meta Platforms(META.US) | 625.66 | 0.71M | 2.08M | 0.8 |
| Advanced Micro Devices, Inc.(AMD.US) | 100.31 | 0.52M | 3.95M | 0.8 |
| Marathon Digital(MARA.US) | 16.02 | 0.49M | 1.88M | 0.6 |
PUT/CALL: The ratio of put to call open interest for the listed stocks during the trading day.
III. Option Activity Tracking
Tesla Motors, Inc.(TSLA.US): Fell 0.3% overnight, with TSLA 200326 P 150, a put option with a strike price of $150.0 and expiration on March 20, 2026, trading 70,300 contracts, down 1.61%.
MicroStrategy Incorporated Class A(MSTR.US): Fell 5.57410.0 and expiration on March 14, 2025, trading 46,200 contracts, down 65.32%.
NVIDIA Corporation(NVDA.US): Rose 1.92% overnight, with NVDA 140325 P 83, a put option with a strike price of $83.0 and expiration on March 14, 2025, trading 18,100 contracts, down 50.0%.
| Code | Option Direction | Strike Price | Expiration Date | Volume | Open Interest | vol/oi |
|---|---|---|---|---|---|---|
| Tesla Motors, Inc.(TSLA.US) | PUT | $150.0 | 03/20/26 | 70.28K | 108 | 650.74 |
| MicroStrategy Incorporated Class A(MSTR.US) | CALL | $410.0 | 03/14/25 | 46.21K | 300 | 154.05 |
| Warner Bros Discovery(WBD.US) | PUT | $10.5 | 04/04/25 | 11.82K | 103 | 114.81 |
| NVIDIA Corporation(NVDA.US) | PUT | $83.0 | 03/14/25 | 18.06K | 159 | 113.6 |
| Coinbase Global, Inc.(COIN.US) | CALL | $257.5 | 03/14/25 | 25.92K | 254 | 102.06 |
| Western Digital Corporation(WDC.US) | CALL | $45.0 | 03/21/25 | 10.11K | 106 | 95.35 |
| Lunar Corporation(LUNR.US) | CALL | $10.0 | 03/07/25 | 8.81K | 100 | 88.11 |
| MicroStrategy Incorporated Class A(MSTR.US) | CALL | $332.5 | 03/14/25 | 16.26K | 206 | 78.92 |
| Community Health Systems, Inc.(CYH.US) | CALL | $4.0 | 04/17/25 | 12.8K | 175 | 73.12 |
| C3.ai Inc(AI.US) | CALL | $22.5 | 03/14/25 | 20.19K | 282 | 71.61 |
vol/oi: The ratio of option volume to the open interest of the contract. A higher vol/oi indicates an unusually high number of new positions being established in the market.
IV. Option IV Activity
Gorilla Technology Group Inc Ordinary Shares(GRRR.US) accounting for 38% of the total volume and calls for 62%. The implied volatility was 204.35%.
- Gorilla Technology was previously shorted by a well-known investor, and the company issued a statement regarding the report, stating that the related article relied on implications and vague hints rather than facts.
High IV Stocks
| Code | Volume | IV | IV Rank | IV Percentile |
|---|---|---|---|---|
| Iovance Biotherapeutics Inc(IOVA.US) | 4.42K | 426.64% | 84.86% | 99% |
| MicroVision, Inc.(MVIS.US) | 6.77K | 289.68% | 54.53% | 93% |
| Gorilla Technology Group Inc Ordinary Shares(GRRR.US) | 15.46K | 204.35% | 47.45% | 84% |
| Arvinas(ARVN.US) | 4.49K | 179.95% | 75.57% | 93% |
| Kopin Corporation(KOPN.US) | 5.35K | 168.63% | 22.24% | 77% |
| Aspire Real Estate Investors, Inc.(ASPI.US) | 4.04K | 164.18% | 44.09% | 71% |
| ChargePoint Holdings Inc Ordinary Shares - Class A(CHPT.US) | 11.13K | 160.87% | 75.46% | 97% |
| KULR Technology Group Inc(KULR.US) | 7.53K | 159.79% | 17.10% | 15% |
| FARADAY FUTURE INTELLIGENT ELEC INC(FFIE.US) | 7.61K | 158.24% | 2.95% | 2% |
| D-Wave Quantum Inc. Common Shares(QBTS.US) | 32.70K | 151.04% | 25.44% | 56% |
Data Source: barchart, data as of March 7, 2025, US Eastern Time.
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