LB Select
2023.08.28 06:45
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US Stock Options | Trading volume of Nvidia and Boeing options doubles, Affirm options surge fivefold

Last Friday, Tesla surged nearly 4% with options trading volume of 2.9 million contracts; Nvidia options trading volume reached 2.74 million contracts, with calls accounting for nearly 60%. There was a significant amount of bullish options on the 3x short semiconductor ETF-Direxion (SOXS). Johnson & Johnson had a put options trading volume accounting for nearly 80%.

Last Friday (August 25th), the US stock market experienced a bottoming out and rebounded, showing overall strength.

Overview of US Stock Options Trading

Last Friday, technology stocks showed mixed performance, leading the overall market.

The top ten US stock options trading: Tesla, Nvidia, Apple, AMD, Meta, Amazon, Affirm, AMC Theatres, Johnson & Johnson, Nikola, Microsoft.

Tesla surged nearly 4%, with options trading volume of 2.9 million contracts, and the proportion of call options trading reached 52.1%. The most active call options trading was at a strike price of $235/$237.5.

Nvidia fell more than 2%, with options trading volume of 2.74 million contracts, doubling the daily average, and the proportion of call options trading accounted for nearly 60%. The most active call/put trading was at a strike price of $460.

Apple rose more than 1%, with options trading volume of 920,000 contracts, and the proportion of call options trading reached 56%.

AMD slightly rose, with options trading volume of 910,000 contracts, and the proportion of call options trading reached 55.9%.

Meta slightly fell, with options trading volume of 570,000 contracts, and the proportion of call options trading reached 54.5%.

Affirm surged nearly 29%, with options trading volume of 460,000 contracts, more than five times the daily average, and the proportion of call options trading reached 57.3%.

Johnson & Johnson slightly rose, with options trading volume of 380,000 contracts, and the proportion of put options trading reached 76.8%.

Boeing rose nearly 3%, with options trading volume of 220,000 contracts, doubling the daily average, and the proportion of call options trading reached 57.7%.

There was some unusual call options activity (about 5:1 put options) in the 3x short semiconductor ETF-Direxion (SOXS), as 9 out of the 10 most active contracts were call options.