Top 10 Options Trading Volume:

Tesla Motors, Inc.(TSLA.US): Last Friday, it rose 5.27%, with a total option trading volume reaching 3.66 million contracts that day, up by 1.2173 million contracts from the previous day, a 0.5 fold increase compared to the previous day. There are 9.4 million contracts open. 

Tesla saw a cumulative decline of 0.51% last week, marking the ninth consecutive week of decline, the longest streak of losses since its IPO. Reports on Friday indicated that as Tesla’s share price continued to plummet, some retail investors, who strongly believe Musk will bring them substantial returns, are buying shares of the electric vehicle manufacturer at an unprecedented rate. NVIDIA: Last Friday, it fell 0.7%, with a total option trading volume reaching 3.58 million contracts, up by 249,000 contracts from the previous day, a 0.07 fold volume increase compared to the previous day. There are 24.05 million contracts open. Option chain: NVIDIA NVDA option chain

Palantir Technologies(PLTR.US): Last Friday, it rose 4.09%, with a total option trading volume reaching 840,000 contracts, up by 247,600 contracts from the previous day, a 0.42 fold volume increase compared to the previous day. There are 3.63 million contracts open. 

MicroStrategy Incorporated Class A(MSTR.US): Last Friday, it rose 0.64%, with a total option trading volume reaching 750,000 contracts, up by 192,600 contracts from the previous day, a 0.35 fold volume increase compared to the previous day. There are 2.56 million contracts open. 

NIO(NIO.US): Last Friday, it fell 4.46%, with a total option trading volume reaching 570,000 contracts, up by 162,100 contracts from the previous day, a 0.39 fold volume increase compared to the previous day, of which put options accounted for 18.08% of total volume and call options 81.92%. There are 3.83 million contracts open.

Citigroup stated that it expects NIO’s automotive gross margin to fall to 11%-12% quarter-over-quarter for Q1, due to factors such as seasonal slumps in car sales. Citigroup has revised its target price for NIO’s US shares and Hong Kong shares to $8.1 and HK$62.5 respectively, maintaining a buy rating; the target prices were previously $8.9 for US shares and HK$68.1 for Hong Kong shares.

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

Options Activity Tracking:

Coinbase Global, Inc.(COIN.US): Last Friday, it fell by 0.27%, with multiple bullish options receiving large bets. Among them:

COIN 280325 C 197.5, a call option with a strike price of $197.5 expiring on March 28, 2025, traded 30,100 contracts and this option fell by 17.56%.

COIN 280325 C 217.5, a call option with a strike price of $217.5 expiring on March 28, 2025, traded 28,500 contracts and this option fell by 19.67%.

Cryptocurrency-related stocks generally fell, with Coinbase at one point dropping more than 4%. Despite a rebound later, with Coinbase’s stock price rising over 2%, the overall trend still showed a decline. This may be related to volatility in the cryptocurrency market, where nearly 90,000 people were liquidated in the past 24 hours, with total liquidations amounting to $213 million. In addition, analysts at Standard Chartered Bank pointed out that Coinbase actively sold a large amount of Ethereum in the fourth quarter of 2024.

C3.ai Inc(AI.US): Last Friday, it rose by 1.07%, with AI 280325 C 26, a call option with a strike price of $26.0 expiring on March 28, 2025, trading 36,800 contracts, and this option fell by 37.5%.

MicroStrategy Incorporated Class A(MSTR.US): Last Friday, it rose by 0.64%, with MSTR 280325 C 365, a call option with a strike price of $365.0 expiring on March 28, 2025, trading 25,800 contracts, and this option fell by 32.17%.

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.

Options IV Unusual Movements:

D-Wave Quantum Inc. Common Shares(QBTS.US): On that day, the total option trading volume reached 195,500 contracts, with put options accounting for 56.62% of the total volume and call options making up 43.38%. The implied volatility reached 135.33%.

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