US Stock Options | NVIDIA, NIO-SW trading volume drops significantly! Tesla put options are unusually hot.
The hottest contract overnight is no longer the call option, but the Tesla contracts expiring on March 8th with strike prices of $180 and $175, with nearly 120,000 and 110,000 contracts traded respectively! Sofi Tech's stock price plummeted over 15%, with options trading surging to 780,000 contracts, evenly split between call and put options.
Overnight, tech stocks dragged down the market, with NVIDIA hitting a new high in a thrilling manner, and NIO-SW experiencing a major turnaround during trading hours.
Overview of US Stock Options Trading
The top ten US stock options trading last Friday were: Tesla, Apple, NVIDIA, SoFi Tech, AMD, Marathon Digital, Microsoft, Intel, Google Class A, and NIO-SW.
Specifically:
Tesla fell by 4%, with options trading slightly decreasing to 2.24 million contracts, and call options accounting for 53%. Put options with a strike price of $180 and $175 expiring on March 8th traded nearly 120,000 and 110,000 contracts respectively, while call options with strike prices of $185 and $190 both traded over 80,000 contracts.
Apple dropped by nearly 3%, with options trading slightly increasing to 1.72 million contracts, and call options accounting for 51%. Call options with strike prices of $172.5 and $175 traded over 70,000 contracts each.
NVIDIA rose by nearly 1%, with options trading significantly dropping to 1.15 million contracts, and call options accounting for 61%. Call options with a strike price of $850 traded over 50,000 contracts.
SoFi Tech plummeted by over 15%, with options trading surging to 780,000 contracts, with call and put options evenly split. Put options with a strike price of $6.5 expiring on March 22nd traded 80,000 contracts.
AMD slightly fell, with options trading continuing to drop to 660,000 contracts, and put options accounting for 50.8%.
Marathon Digital, Microsoft, and Intel saw a significant drop in stock prices, but options trading remained above 400,000 contracts, mainly dominated by call options.
Google Class A slightly fell, with options trading dropping to nearly 380,000 contracts, and call options accounting for 57.5%.
NIO-SW rose by nearly 3%, with options trading dropping to 370,000 contracts, and call options accounting for 62.7%.
Advanced Micro Devices rose by over 1%, with options trading falling to 270,000 contracts, and call options accounting for 61%.
