US Stock Options | Alibaba traded over 330,000 contracts! Meme stocks GME and AMC options trading skyrocketed!
Did retail investors in the US stock market take action again? Overnight, GameStop surged 20%, with options trading skyrocketing to 620,000 contracts, and the proportion of bullish options reaching 81%; AMC movie theaters rose over 7%, with options trading reaching 350,000 contracts, and the proportion of bullish options reaching 79%.
Overnight, US stocks fell, with technology stocks and Chinese concept stocks both affected. Pinduoduo's market value surpassed Alibaba's intraday.
Overview of US Stock Options Trading
The top ten US stock options trading on that day: Tesla, Nvidia, Bank of America, Game Station, Apple, Microsoft, Amazon, General Motors, AMD, Meta.
Among them:
Tesla fell more than 1%, with options trading nearly 2.4 million contracts, and call options accounted for 60%. Call options with expiration date on December 1st and strike prices of $250 and $255 traded 180,000 contracts and 130,000 contracts respectively; call options with a strike price of $260 also traded over 90,000 contracts.
Nvidia rose nearly 1%, with options trading around 800,000 contracts, and call options accounted for 64%. Call options with a strike price of $485 traded 50,000 contracts.
Bank of America rose more than 2%, with options trading rising to 670,000 contracts, and call options accounted for 85%. Call options with strike prices of $28 and $27 both traded 84,000 contracts.
Meme stock Game Station surged 20%, with options trading skyrocketing to 620,000 contracts, and call options accounted for 81%.
Apple slightly declined, with options trading 590,000 contracts, and put options accounted for 51%.
Options trading for Microsoft, Amazon, and General Motors all exceeded 410,000 contracts, while options trading for AMD, Meta, AMC Theatres, and Alibaba all exceeded 330,000 contracts.
