Top 10 Options Trading Volume:

NVIDIA Corporation(NVDA.US): Fell 4.72% overnight, with options trading volume reaching 4.29 million contracts, up by 2.1632 million contracts from the previous day, an increase of 1.02 times in volume compared to the previous day. Open interest stands at 27.15 million contracts. 

Tesla Motors, Inc.(TSLA.US): Fell 2.99% overnight, with options trading volume reaching 1.82 million contracts, up by 0.5136 million contracts from the previous day, an increase of 0.39 times in volume compared to the previous day. Open interest is at 7.24 million contracts. 

ARK Investment Management, led by Cathie Wood, disclosed that its ARK Innovation ETF and ARK Next Generation Internet ETF sold 120,141 shares of Tesla on October 28th, valued at $31.54 million.

Super Micro Computer, Inc.(SMCI.US): Fell 11.97% overnight, with options trading volume reaching 1.24 million contracts, a decrease of 0.6025 million contracts from the previous day, down 0.33 times in volume compared to the previous day. Open interest is at 4.26 million contracts. 

Prominent analyst Ming-Chi Kuo wrote that based on experience, the resignation of an auditing firm is a serious signal and the possibility of Super Micro Computer facing suspension or delisting is increasing.

Apple Inc.(AAPL.US) : Fell 1.82% overnight, with options trading volume reaching 1.05 million contracts, up by 0.601 million contracts from the previous day, an increase of 1.33 times in volume compared to the previous day. Open interest is at 5.85 million contracts. 

Apple’s revenue for the third quarter set a record high for the period, growing 6% faster than expected, with growth expectation for the fourth quarter at “mid to low single digits”, while analysts forecast 7% growth; third quarter EPS fell nearly 34% year-over-year, but excluding a one-time tax payment of $10.2 billion, EPS grew by 12%; iPhone revenue turned up 5.5% in the second quarter, beating expectations, while growth in service revenue slowed to 12%, below expectations, iPad revenue increased nearly 8% but still missed forecasts, and wearable device revenue unexpectedly dropped by 3%; sales in Greater China in the third quarter significantly decelerated to a drop of 0.3% year-over-year.

Amazon.com, Inc.(AMZN.US): Fell 3.28% overnight, with options trading volume reaching 0.91 million contracts, up by 0.5177 million contracts from the previous day, an increase of 1.33 times in volume compared to the previous day. Open interest is at 3.79 million contracts. 

Amazon’s total revenue for the third quarter exceeded expectations, and EPS jumped 55%. Although revenue guidance for the year-end holiday shopping season was slightly below expectations, profit guidance was positive, with cloud business profit margins and the company’s overall operating profit margins reaching new highs. Analysts have noted that AWS has brought in over $100 billion in revenue over the past 12 months for the first time. Capital expenditures are expected to be $75 billion this year, an increase of 55% year-over-year, with projections to be even higher by 2025.

Trump Media & Technology Group Corp.(DJT.US): Fell 11.72% overnight, with options trading volume reaching 0.6 million contracts, falling for two consecutive trading days after setting a new high for the year on Tuesday. Open interest is at 1.41 million contracts. 

Beginning Wednesday, the share price of Trump Media & Technology Group plummeted by 22%, marking its worst day ever and reversing the substantial rally from earlier in the week. On Thursday, the stock continued to fall nearly 12%, with trading halted multiple times due to extreme volatility.

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

Options Activity Tracking:

Lamb Weston Holdings, Inc.(LW.US): Rose by 0.57% overnight, with notable activity in the call option LW_241220_C_32.5, a call option with a strike price of $32.50 expiring on December 20, 2024, traded 25,900 contracts, and the option price surged by 49.02%.

Microsoft Corporation(MSFT.US): Fell by 6.05% overnight, with significant movement in several bullish call options:

• MSFT_241101_C_412.5, a call option with a strike price of $412.50 expiring on November 01, 2024, traded 17,800 contracts, with the option price plummeting by 95.1%.
• MSFT_250221_C_390.0, a call option with a strike price of $390.00 expiring on February 21, 2025, traded 13,100 contracts, with the option price dropping by 36.28%.

Super Micro Computer, Inc.(SMCI.US): Fell by 11.97% overnight, including the call option SMCI_241101_C_28.0, with a strike price of $28.00 expiring on November 01, 2024, traded 9,100 contracts, with the option price declining by 67.86%.

Meta Platforms(META.US): Dropped by 4.09% overnight, with significant activity in the put option META_241122_P_565.0, with a strike price of $565.00 expiring on November 22, 2024, traded 8,500 contracts, with the option price falling by 2.16%.

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.

Options IV Unusual Movements:

Super Micro Computer, Inc.(SMCI.US) closed down 11%. The total options trading volume for the day reached 1.23 million contracts, with put options accounting for 61% of the total volume and call options representing 39%. The implied volatility continued to climb, reaching 156.67%.

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.