Option Signals | OpenDoor Soars 80% with 3M+ Options Leading U.S. Amid Heavy Put Bets Signaling Pullback; Alibaba Options Volume Jumps 226%
Dow Jones Industrial Average DJI | 46430.55 | -0.29% |
NASDAQ IXIC | 21823.88 | -0.08% |
S&P 500 index SPX | 6570.01 | -0.08% |
SPXW 120925 C 6720 |
| |
OpenDoor Technologies OPEN | 4.66 | +1.97% |
Market Overview
As of the latest intraday close, the Dow Jones Industrial Average(DJI.US) rose 1.36% to 46,108.0 points, the NASDAQ(IXIC.US) gained 0.72% to 22,043.07 points, and the S&P 500 index(SPX.US) advanced 0.85% to 6,587.47 points.
Notably, $SPX put options recorded a trading volume of 2.2595 million contracts, while call options saw 2.0236 million contracts traded, resulting in a put-to-call ratio of approximately 1.12. This indicates a stronger bearish sentiment among investors toward the index.
One specific call option, SPXW 120925 C 6720, with a strike price of $6,720.00, recorded a trading volume of 6,000 contracts and a VOL/OI ratio of 51.91. The option price remained flat at the close.
Top 10 Options Trading Volume:
OpenDoor Technologies(OPEN.US): As of the latest intraday close, the stock surged 79.52%. Options trading volume reached 3.8 million contracts, an increase of 3.0427 million from the previous day, marking a 4.0-fold increase. Open interest stands at 3.12 million contracts. The company announced the appointment of former Shopify executive Kaz Nejatian as CEO and co-founder Keith Rabois as Chairman. Rabois co-founded Opendoor in 2014 with Eric Wu and others, stepping down in 2023.
Tesla Motors, Inc.(TSLA.US): The stock rose 6.04%. Options trading volume hit 3.44 million contracts, up by 1.5607 million from the previous day, a 0.83-fold increase. Open interest is at 8.01 million contracts. Tesla's China website indicates that October's available Model Y L is sold out, with prospective buyers needing to purchase vehicles produced in November or later.
NVIDIA Corporation(NVDA.US): The stock dipped 0.08%. Options trading volume was 2.02 million contracts, a decrease of 1.7606 million from the previous day, a 0.47-fold decrease. Open interest is at 20.73 million contracts.
Oracle Corporation(ORCL.US): The stock fell 6.23%. Options trading volume reached 1.3 million contracts, down by 414,000 from the previous day, a 0.24-fold decrease. Open interest is at 1.49 million contracts. Analysts have expressed concerns in recent reports, noting that Oracle's future growth may heavily rely on a single customer—OpenAI.
Alibaba Group Holding Ltd. Sponsored ADR(BABA.US): The stock increased by 8.0%. Options trading volume was 760,000 contracts, up by 527,500 from the previous day, a 2.26-fold increase. Open interest stands at 1.73 million contracts. According to The Information, Alibaba is using its own chips to train AI models and has open-sourced a new architecture that performs inference 10 times faster and reduces costs by 90%.
| Code | Closing Price | Volume | Open Interest | PUT/CALL Ratio |
|---|---|---|---|---|
| OpenDoor Technologies(OPEN.US) | 10.52 | 3.8M | 3.12M | 0.5 |
| Tesla Motors, Inc.(TSLA.US) | 368.81 | 3.44M | 8.01M | 0.9 |
| NVIDIA Corporation(NVDA.US) | 177.17 | 2.02M | 20.73M | 1.0 |
| Oracle Corporation(ORCL.US) | 307.86 | 1.3M | 1.49M | 1.0 |
| Apple Inc.(AAPL.US) | 230.03 | 1.06M | 6.02M | 0.7 |
| Alibaba Group Holding Ltd. Sponsored ADR(BABA.US) | 155.44 | 0.76M | 1.73M | 0.7 |
| Advanced Micro Devices, Inc.(AMD.US) | 155.67 | 0.72M | 4.08M | 0.9 |
| Micron Technology, Inc.(MU.US) | 150.57 | 0.62M | 1.77M | 1.2 |
| Warner Bros Discovery(WBD.US) | 16.17 | 0.53M | 1.05M | 0.5 |
| Palantir(PLTR.US) | 164.36 | 0.51M | 3.96M | 1.0 |
PUT/CALL: Counts the percentage of open put and call option holdings for the listed stocks during the trading day.
Options Activity Tracking:
OpenDoor Technologies(OPEN.US): As of the latest intraday close, the stock soared 79.52%. Key activity in its options market included significant declines in the prices of several put options:
- OPEN 120925 P 9: A put option with a strike price of $9.00 and expiration date of September 12, 2025, traded 114,200 contracts, dropping 91.52%.
- OPEN 120925 P 8.5: A put option with a strike price of $8.50 and expiration date of September 12, 2025, traded 69,100 contracts, falling 94.22%.
- OPEN 120925 P 10: A put option with a strike price of $10.00 and expiration date of September 12, 2025, traded 53,500 contracts, declining 83.41%.
Etsy, Inc.(ETSY.US): The stock gained 3.06% as of the latest intraday close. Notable options activity included:
ETSY 120925 C 64: A call option with a strike price of $64.00 and expiration date of September 12, 2025, traded 32,900 contracts, declining 16.67%.
| Code | Option Type | Strike Price | Expiration Date | Volume | Open Interest | Vol/OI Ratio |
|---|---|---|---|---|---|---|
| OpenDoor Technologies(OPEN.US) | PUT | $9.0 | 09/12/25 | 114.15K | 504 | 226.49 |
| Etsy, Inc.(ETSY.US) | CALL | $64.0 | 09/12/25 | 32.87K | 175 | 187.82 |
| OpenDoor Technologies(OPEN.US) | PUT | $8.5 | 09/12/25 | 69.09K | 399 | 173.16 |
| OpenDoor Technologies(OPEN.US) | PUT | $10.0 | 09/12/25 | 53.48K | 322 | 166.07 |
| Sable Offshore(SOC.US) | CALL | $19.0 | 09/19/25 | 25.04K | 199 | 125.82 |
| OpenDoor Technologies(OPEN.US) | PUT | $9.0 | 09/19/25 | 36.03K | 293 | 122.97 |
| OpenDoor Technologies(OPEN.US) | PUT | $9.5 | 09/19/25 | 11.97K | 102 | 117.34 |
| Alibaba Group Holding Ltd. Sponsored ADR(BABA.US) | PUT | $150.0 | 09/12/25 | 18.16K | 199 | 91.25 |
| Virgin Galactic(SPCE.US) | PUT | $3.0 | 10/03/25 | 11.36K | 127 | 89.48 |
| OpenDoor Technologies(OPEN.US) | PUT | $8.0 | 09/19/25 | 35.01K | 397 | 88.19 |
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:
As of the latest intraday close, OpenDoor Technologies(OPEN.US)'s stock price surged 79.5%. The total options trading volume reached 105,000 contracts, and the implied volatility for the day hit 348.03%, the highest level this year.
On Wednesday, the company announced the appointment of former Shopify executive Kaz Nejatian as CEO and co-founder Keith Rabois as Chairman. Rabois co-founded Opendoor in 2014 with a team including Eric Wu and stepped down in 2023.
High IV stocks:
| Code | Volume | IV (%) | IV Rank (%) | IV Percentile (%) |
|---|---|---|---|---|
| aTyr Pharma(ATYR.US) | 40.2K | 551.11 | 100.00 | 100 |
| Asset Entities Inc.(ASST.US) | 54.1K | 357.86 | 100.00 | 99 |
| Compass Therapeutics, Inc.(CMPX.US) | 10.1K | 318.91 | 42.07 | 75 |
| Wolfspeed(WOLF.US) | 164.7K | 282.34 | 57.22 | 90 |
| OpenDoor Technologies(OPEN.US) | 3769.8K | 221.82 | 30.93 | 91 |
| Offerpad Solutions Inc. Class A Common Stock(OPAD.US) | 53.7K | 218.19 | 40.70 | 68 |
| Canaan Inc.(CAN.US) | 16.1K | 196.07 | 14.15 | 66 |
| New Fortress Energy(NFE.US) | 21.8K | 187.69 | 79.24 | 89 |
| Virgin Galactic(SPCE.US) | 101.6K | 187.16 | 59.41 | 97 |
| GoPro, Inc. Class A(GPRO.US) | 42.6K | 167.68 | 53.39 | 85 |
Data source: Barchart, data as of Eastern Time, September 11, 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 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, time value, and directional movement encompass the core aspects that influence 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