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Option Signals | TSMC surges over 5%, call option gains 186%; over 70% options for NVIDIA bullish bets
NVIDIA Corporation NVDA | 180.03 184.14 | -4.40% +2.28% Pre |
Tesla Motors, Inc. TSLA | 429.24 434.00 | -1.53% +1.11% Pre |
Palantir PLTR | 179.74 181.36 | +1.43% +0.90% Pre |
Broadcom Limited AVGO | 344.13 352.25 | -3.52% +2.36% Pre |
Advanced Micro Devices, Inc. AMD | 218.09 223.52 | +0.77% +2.49% Pre |
Top 10 Options Trading Volume:
NVIDIA Corporation(NVDA.US): Overnight increase of 3.69%, with the stock price rebounding close to $140. The total volume of options traded reached 3.45 million, with bullish options making up 72.1% of the trades. Open interest stood at 25.22 million. Options chain: NVIDIA NVDA options chain. The NASDAQ 100 index weighting is set to be adjusted, with NVIDIA’s weight increasing from 7.9% to 8.4%. In addition, there are reports that NVIDIA intends to emulate its Silicon Valley headquarters by planning to establish its overseas headquarters in Taiwan, China.
Tesla Motors, Inc.(TSLA.US): Overnight increase of 2.27%, with the total volume of options traded reaching 1.9 million, a decrease of 2.0532 million from the previous day, down by 0.52 times compared to the previous day. Open interest stood at 7.81 million.
According to a report by Barclays on Monday, Tesla Motors, Inc.(TSLA.US)’s total deliveries for the fourth quarter are estimated at 515,000, which would represent a year-over-year increase compared to 1.8 million in 2023, “maintaining a strong momentum in the stock market.”
Palantir Technologies(PLTR.US): Overnight increase of 0.17%, with the total volume of options traded reaching 740,000, a decrease of 619,100 from the previous day, down by 0.45 times compared to the previous day. Open interest stood at 3.35 million.
In news, according to the Financial Times, data analytics firm Palantir and defense technology company Anduril are in talks with a dozen competitors to form a consortium to jointly bid for a U.S. government project. Meanwhile, the annual NASDAQ 100 constituent adjustment has come into effect, including Palantir.
Broadcom Limited(AVGO.US): Overnight increase of 5.52%, with the total volume of options traded reaching 530,000, a decrease of 326,200 from the previous day, down by 0.38 times compared to the previous day. Open interest stood at 2.42 million.
Broadcom CEO Hock Tan recently stated in a media interview that he is not interested in acquiring troubled competitor Intel, as he is currently busy turning Broadcom into a powerhouse in the AI sector.
Company | Closing Price | Trading Volume | Open Interest | PUT/CALL |
NVIDIA Corporation(NVDA.US) | 139.67 | 3.45M | 25.22M | 1.0 |
Tesla Motors, Inc.(TSLA.US) | 430.6 | 1.9M | 7.81M | 1.0 |
Advanced Micro Devices, Inc.(AMD.US) | 124.6 | 0.84M | 3.67M | 0.8 |
Palantir Technologies(PLTR.US) | 80.69 | 0.74M | 3.35M | 0.8 |
Apple Inc.(AAPL.US) | 255.27 | 0.65M | 5.66M | 0.8 |
Broadcom Limited(AVGO.US) | 232.35 | 0.53M | 2.42M | 1.0 |
MicroStrategy Incorporated Class A(MSTR.US) | 332.23 | 0.4M | 2.48M | 1.0 |
TILRAY, INC.(TLRY.US) | 1.43 | 0.34M | 1.0M | 0.2 |
Intel Corporation(INTC.US) | 20.2 | 0.3M | 5.16M | 0.6 |
Amazon.com, Inc.(AMZN.US) | 225.06 | 0.3M | 3.94M | 0.9 |
PUT/CALL: Counts the percentage of open put and call option holdings for the listed stocks during the trading day.
Options Activity Tracking:
Advanced Micro Devices, Inc.(AMD.US): Overnight increase of 4.52%, with a notable trade of 31,900 of the AMD_241227_P_134.0 put options at a strike price of $134.00 expiring on December 27, 2024.
Large investors show an optimistic sentiment towards AMD, with 65% leaning bullish. Despite a target price cut from Morgan Stanley, they maintain an “overweight” rating with a target price of $180.
Despegar.com, Corp.(DESP.US): Overnight increase of 32.83%, including 560 of the DESP_250417_C_20.0 call options traded at a strike price of $20.00, expiring on April 17, 2025.
Tencent’s major shareholder Prosus announced plans to acquire the company for $1.7 billion. Prosus’s offer of $19.50 per share is a 33% premium over the closing price on December 20th.
Broadcom Limited(AVGO.US): Overnight rise of 5.52%, with 10,600 of the AVGO_250110_C_265.0 call options traded at a strike price of $265.00, expiring on January 10, 2025, with the option price up by 57.83%.
Broadcom holds over 80% of the AI-specific integrated circuit chip market and is developing custom AI chips in collaboration with three major cloud providers. The market is optimistic about Broadcom’s prospects in AI infrastructure investment and believes it may compete with NVIDIA in customizing chips for hyperscale cloud providers.
BlackBerry Limited(BB.US): Overnight increase of 2.71%, with 18,400 of the BB_250321_C_8.0 call options trading at a strike price of $8.00, expiring on March 21, 2025, with the option price soaring by 128.57%.
BlackBerry’s third-quarter results exceeded expectations, with an adjusted earnings per share of 2 cents, surpassing the analyst’s expected loss of 1 cent. Quarterly revenue was $143 million, in line with forecasts. Despite lowering its full-year financial guidance, BlackBerry’s stock price surged due to positive quarterly results.
Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR(TSM.US): Overnight increase of 5.15%, with 8,000 of the TSM_250110_C_230.0 call options trading at a strike price of $230.00, expiring on January 10, 2025, with the option price up by 186.84%.
The company announced several significant plans, including introducing a super chip by 2027 and building a second plant in Kumamoto, Japan. Additionally, renowned analyst Ming-Chi Kuo claimed that Apple’s M5 series chips would adopt TSMC’s N3P process, which had entered the prototype phase months ago.
Company | Option Direction Strike Price | Expiration Date | Trading Volume | Open Interest | vol/oi |
Advanced Micro Devices, Inc.(AMD.US) | PUT $134.0 | 12/27/24 | 31.86K | 552 | 57.72 |
Despegar.com, Corp.(DESP.US) | CALL $20.0 | 04/17/25 | 5.63K | 101 | 55.7 |
Broadcom Limited(AVGO.US) | CALL $265.0 | 01/10/25 | 10.63K | 210 | 50.62 |
BlackBerry Limited(BB.US) | CALL $8.0 | 03/21/25 | 18.36K | 420 | 43.72 |
Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR(TSM.US) | CALL $230.0 | 01/10/25 | 8.02K | 217 | 36.95 |
Coinbase Global, Inc.(COIN.US) | CALL $310.0 | 01/03/25 | 23.22K | 668 | 34.76 |
Micron Technology, Inc.(MU.US) | CALL $96.0 | 12/27/24 | 22.52K | 649 | 34.71 |
Micron Technology, Inc.(MU.US) | CALL $98.0 | 12/27/24 | 22.27K | 664 | 33.54 |
Rigetti Computing Inc Ordinary Shares(RGTI.US) | CALL $12.0 | 01/03/25 | 6.86K | 209 | 32.83 |
Energy Transfer LP Common Units(ET.US) | CALL $19.5 | 01/31/25 | 4.85K | 154 | 31.5 |
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:
Multiple quantum computing concept stocks maintain high options trading volumes. Quantum Computing Inc. Quantum Computing Inc.(QUBT.US) and another related stock D-Wave Quantum Inc. Common Shares(QBTS.US) saw options trading volumes exceeding 108,000 and 121,000, respectively, on the day, with implied volatility rising by more than 220%.
RED CAT HOLDINGS(RCAT.US) saw its overnight Implied Volatility (IV) climb to 189%, with nearly 40,000 options traded. In news, Palantir has reached a collaboration with Red Cat Holdings to innovate military drone technology.
Stocks with High Overnight IV | ||||
Company | Option Trading Volume | IV | IV Rank | IV Percentile |
12.22K | 386.88% | 91.72% | 95% | |
108.13K | 220.40% | 24.34% | 39% | |
120.51K | 220.30% | 14.09% | 89% | |
7.58K | 207.63% | 23.35% | 47% | |
223.27K | 189.94% | 16.36% | 76% | |
3.44K | 169.00% | 29.33% | 91% | |
39.74K | 167.78% | 24.55% | 68% | |
216.63K | 153.79% | 46.78% | 89% | |
11.26K | 149.39% | 48.22% | 75% | |
4.39K | 139.14% | 17.38% | 43% |
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