Market Overview

As of the latest intraday close, the Dow Jones Industrial Average(DJI.US) fell by 0.48% to 45,490.92 points. The NASDAQ(IXIC.US) rose by 0.03% to 21,886.06 points, while the S&P 500 index(SPX.US) increased by 0.3% to 6,532.04 points.

Notably, the trading volume for S&P 500 ($SPX) put options reached 2.3772 million contracts, while call options totaled 1.8849 million contracts. The put/call volume ratio was approximately 1.26, indicating a strong bearish sentiment among investors.

Among these, the SPX put option SPXW 110925 P 6365 saw a trading volume of 9,000 contracts, with a VOL/OI ratio of 44.70. This option, with a strike price of 6,365.00, dropped by 58.97%.

Top 10 Options Trading Volume:

NVIDIA Corporation(NVDA.US): As of the latest intraday close, NVIDIA's stock rose by 3.85%. The day's options trading volume reached 3.78 million contracts, an increase of 1.7841 million from the previous day, representing a 0.89x increase. Open interest stands at 20.41 million contracts. [NVIDIA NVDA Options Chain]

Tesla Motors, Inc.(TSLA.US): Tesla's stock increased by 0.24%. The options trading volume for the day was 1.88 million contracts, up by 738,500 from the previous day, a 0.65x increase. Open interest is at 7.89 million contracts. [Tesla TSLA Options Chain]

Oracle Corporation(ORCL.US): Oracle's stock surged by 35.95%. The options trading volume reached 1.71 million contracts, an increase of 1.3073 million from the previous day, a 3.23x increase. Open interest is 1.18 million contracts. [Oracle ORCL Options Chain]

Oracle recently signed a significant compute power procurement contract with OpenAI, valued at $300 billion over approximately five years starting in 2027. This contract far exceeds OpenAI's current revenue and is one of the largest cloud contracts in history, reflecting the growing global demand for AI compute power.

Apple Inc.(AAPL.US): Apple's stock fell by 3.23%. The options trading volume was 1.64 million contracts, up by 324,500 from the previous day, a 0.25x increase. Open interest is 5.78 million contracts. [Apple AAPL Options Chain]

Palantir(PLTR.US): Palantir's stock rose by 2.7%. The options trading volume reached 1.02 million contracts, an increase of 143,600 from the previous day, a 0.16x increase. Open interest stands at 3.89 million contracts. [Palantir PLTR Options Chain]

Broadcom Limited(AVGO.US): Broadcom's stock increased by 9.77%. The options trading volume was 780,000 contracts, up by 465,500 from the previous day, a 1.47x increase. Open interest is 2.15 million contracts. [Broadcom AVGO Options Chain]

Broadcom CEO Hock Tan expects AI-related revenue to surpass the combined revenue from software and non-AI businesses within two years. The company aims for AI revenue to reach up to $120 billion by fiscal year 2030, with CEO compensation directly linked to this goal. Tan noted that the AI chip market will see a split, with large cloud service providers dominating customized ASIC chip applications, while enterprise customers will continue to rely on general-purpose GPUs.

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

Options Activity Tracking:

Broadcom Limited(AVGO.US): As of the latest intraday close, Broadcom's stock rose by 9.77%.

• The put option AVGO 120925 P 360, with a strike price of $360.00 and expiring on September 12, 2025, traded 21,600 contracts, dropping by 89.53%.
• The put option AVGO 120925 P 365, with a strike price of $365.00 and the same expiration date, traded 16,300 contracts, dropping by 85.1%.

NEWMONT CORPORATION CDI 1:1(NEMCL.US): The stock increased by 3.31%.

• The call option NEM 120925 C 81, with a strike price of $81.00 and expiring on September 12, 2025, traded 35,800 contracts, rising by 110.0%.

Oracle Corporation(ORCL.US): Oracle's stock surged by 35.95%.

• The put option ORCL 190925 P 300, with a strike price of $300.00 and expiring on September 19, 2025, traded 23,400 contracts, dropping by 95.17%.

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:

Asset Entities Inc.(ASST.US): The stock surged by 28.8% overnight. The options trading volume reached 105,000 contracts, with the implied volatility hitting 348.03%, the highest this year.

Asset Entities, supported by Vivek Ramaswamy's Strive, received shareholder approval to merge and launch a $1.5 billion public Bitcoin treasury company.

High IV stocks:

Data source: Barchart, data as of Eastern Time, September 10, 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