Option Signals | Tesla Put Options Account for Nearly 52% of Trades; NIO Call Option Sees Large Transaction Exceeding 25,000 Contracts
Dow Jones Industrial Average DJI | 46565.74 | +0.48% |
NASDAQ IXIC | 21840.95 | +1.16% |
S&P 500 index SPX | 6575.32 | +0.72% |
SPXW 160425 P 4550 |
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NVIDIA Corporation NVDA | 175.75 175.88 | +0.77% +0.07% Post |
Market Overview
As of the market close, the Dow Jones Industrial Average(DJI.US) fell by 0.84%, closing at 37,645.59 points; the NASDAQ(IXIC.US) dropped by 2.15%, closing at 15,267.91 points; and the S&P 500 index(SPX.US) declined by 1.57%, closing at 4,982.77 points.
Notably, the S&P 500 index(SPX.US) put options volume reached 2.8723 million contracts, while the call options volume was 1.6244 million contracts, resulting in a put/call volume ratio of approximately 1.77, indicating a strong bearish sentiment among investors for the index. Specifically, the $SPX put option contract SPXW 160425 P 4550 had a trading volume of 16,400 contracts, with a VOL/OI ratio of 145.35. This contract has a strike price of $4,550.00 and saw a decrease of 18.91%.
Top 10 Options Trading Volume:
NVIDIA Corporation(NVDA.US): Overnight, the stock fell by 1.37%. The total options volume for the day reached 4.55 million contracts, a decrease of 546,900 contracts from the previous day, representing a day-over-day decrease of 0.11 times. The open interest stands at 22.01 million contracts. Options chain: NVIDIA NVDA options chain.
Tesla Motors, Inc.(TSLA.US): Overnight, the stock dropped by 4.9%. The total options volume for the day reached 2.47 million contracts, an increase of 89,800 contracts from the previous day, representing a day-over-day increase of 0.04 times. Put options accounted for nearly 52% of the trading volume. The open interest stands at 8.47 million contracts.
Analyst Daniel Ives significantly lowered Tesla's target price, reflecting concerns about the company's outlook. Additionally, the Trump administration's trade policies, particularly the tariffs on imported goods, could impact Tesla's global business.
Apple Inc.(AAPL.US): Overnight, the stock fell by 4.98%. The total options volume for the day reached 1.75 million contracts, an increase of 183,100 contracts from the previous day, representing a day-over-day increase of 0.12 times. The open interest stands at 4.79 million contracts.
The decline in AAPL's price is attributed to the introduction of the U.S. "reciprocal tariffs" policy. This could lead to price increases for Apple's main products sold in the U.S., which is considered the biggest challenge Apple has faced to date. Even if Apple adjusts its supply chain strategy, the implementation of tariffs would still impose cost and margin pressures on the company.
Intel Corporation(INTC.US): Overnight, the stock fell by 7.36%. The total options volume for the day reached 560,000 contracts, an increase of 109,900 contracts from the previous day, representing a day-over-day increase of 0.24 times. The open interest stands at 5.69 million contracts.
| Ticker | Closing Price | Volume | Open Interest | PUT/CALL |
|---|---|---|---|---|
| NVIDIA Corporation(NVDA.US) | 96.3 | 4.56M | 22.01M | 1.0 |
| Tesla Motors, Inc.(TSLA.US) | 221.86 | 2.47M | 8.47M | 0.9 |
| Apple Inc.(AAPL.US) | 172.42 | 1.75M | 4.79M | 0.8 |
| Amazon.com, Inc.(AMZN.US) | 170.66 | 0.95M | 4.12M | 0.8 |
| Palantir Technologies(PLTR.US) | 77.32 | 0.81M | 3.36M | 0.8 |
| Advanced Micro Devices, Inc.(AMD.US) | 78.21 | 0.65M | 3.73M | 0.8 |
| Intel Corporation(INTC.US) | 18.13 | 0.56M | 5.69M | 0.6 |
| Alibaba Group Holding Ltd. Sponsored ADR(BABA.US) | 99.37 | 0.52M | 2.37M | 0.5 |
| Meta Platforms(META.US) | 510.45 | 0.48M | 2.08M | 0.7 |
| MicroStrategy Incorporated Class A(MSTR.US) | 237.95 | 0.46M | 2.09M | 0.8 |
PUT/CALL: Counts the percentage of open put and call option holdings for the listed stocks during the trading day.
Options Activity Tracking:
Antero Resources Corporation(AR.US): Overnight drop of 5.59%. The AR 160525 P 25 with a strike price of $25.0, expiring on May 16, 2025, had a volume of 21,700 contracts and increased by 350.0%.
Abbott Laboratories(ABT.US): Overnight drop of 0.73%. The ABT 110425 C 135, with a strike price of $135.0, expiring on April 11, 2025, had a volume of 28,000 contracts and decreased by 36.84%.
NIO(NIO.US): Overnight drop of 6.55%. The NIO 090525 C 3.5 with a strike price of $3.5, expiring on May 9, 2025, had a volume of 25,100 contracts and decreased by 33.33%.
TAL Education Group Sponsored ADR Class A(TAL.US): Overnight drop of 10.6%. The TAL 200625 C 13, with a strike price of $13.0, expiring on June 20, 2025, had a volume of 20,000 contracts and decreased by 42.47%.
| Code | Option Type | Strike Price | Expiry Date | Volume | Open Interest | Vol/OI Ratio |
|---|---|---|---|---|---|---|
| Las Vegas Sands Corp.(LVS.US) | CALL | $35.0 | 09/19/25 | 35.08K | 130 | 269.85 |
| Antero Resources Corporation(AR.US) | PUT | $25.0 | 05/16/25 | 21.68K | 123 | 176.26 |
| Abbott Laboratories(ABT.US) | CALL | $135.0 | 04/11/25 | 27.99K | 241 | 116.15 |
| NIO(NIO.US) | CALL | $3.5 | 05/09/25 | 25.13K | 221 | 113.71 |
| TAL Education Group Sponsored ADR Class A(TAL.US) | CALL | $13.0 | 06/20/25 | 20.02K | 191 | 104.84 |
| Kraft Heinz Company(KHC.US) | CALL | $29.0 | 04/11/25 | 13.63K | 170 | 80.18 |
| Marvell Technology Group Ltd.(MRVL.US) | PUT | $45.0 | 09/19/25 | 16.05K | 250 | 64.21 |
| Advanced Micro Devices, Inc.(AMD.US) | PUT | $60.0 | 03/20/26 | 6.88K | 109 | 63.11 |
| Harley-Davidson, Inc.(HOG.US) | CALL | $24.0 | 04/11/25 | 6.78K | 111 | 61.04 |
| Palantir Technologies(PLTR.US) | PUT | $64.0 | 05/02/25 | 6.0K | 107 | 56.11 |
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:
Faraday Future Intelligent Electric Inc (FFAI.US): The overnight total options volume exceeded 4,600 contracts, with implied volatility rising to 324.4%. This follows the announcement that the first car of their second brand will be available for pre-order in the coming weeks.
High IV stocks:
| Code | Volume | IV | IV Rank | IV Percentile |
|---|---|---|---|---|
| Faraday Future Intelligent Electric Inc (FFAI.US) | 4.647K | 324.45% | 47.85% | 68% |
| Clear Channel Outdoor Holdings, Inc. Class A(CCO.US) | 10.884K | 287.68% | 57.32% | 98% |
| TeraWulf Inc Ordinary Shares(WULF.US) | 22.688K | 259.47% | 68.49% | 99% |
| Wolfspeed(WOLF.US) | 55.411K | 247.38% | 100.00% | 100% |
| Companhia Siderurgica Nacional Sponsored ADR(SID.US) | 6.557K | 187.73% | 29.32% | 99% |
| Canaan Inc.(CAN.US) | 6.969K | 183.41% | 25.77% | 83% |
| PureCycle Technologies Inc Ordinary Shares - Class A(PCT.US) | 9.46K | 179.98% | 99.96% | 99% |
| Gorilla Technology Group Inc Ordinary Shares(GRRR.US) | 11.555K | 178.34% | 40.38% | 67% |
| Microvast Holdings, Inc. - Common Stock(MVST.US) | 10.15K | 177.52% | 17.52% | 47% |
| Applied Optoelectronics, Inc.(AAOI.US) | 6.783K | 170.20% | 82.78% | 97% |
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