Options Market Statistics: AMD Stock Rises After Confirming No Critical Data Compromised in Cyberattack, Options Pop
News Highlights
$NVIDIA (NVDA.US)$ shares ended 3.54% lower. Its options trading volume was 10.62 million. Call contracts account for 58.8% of the total trading volume. The $132 calls expiring June 21 were traded most actively.
The gains for Nvidia and other AI winners have helped prop up the stock market despite some weakness in the U.S. economy. High interest rates meant to grind down inflation have hurt the housing market and manufacturing in particular, while lower-income households are showing signs of struggling to keep up with still-rising prices.
It has been common in past cycles, as the stock market is coming into a meaningful top, that the biggest growth names are the ones carrying the load," according to Scott Wren, senior global market strategist at Wells Fargo Investment Institute.
$Advanced Micro Devices (AMD.US)$ shares ended 4.62% higher. Its options trading volume was 2.07 million. Call contracts account for 62.4% of the total trading volume. The $160 calls expiring June 21 were traded most actively.
Advanced Micro Devices stock is trading higher after the company confirmed that a recent cyberattack did not compromise critical business data. AMD worked with law enforcement and a third-party hosting partner to assess the hack and does not expect it to materially affect operations. This news provided some relief following a selloff on Wednesday.
Additionally, AMD supplier $Taiwan Semiconductor (TSM.US)$ is exploring new advanced chip packaging methods to meet the high demand for AI computing power, which is positive news for AMD. TSMC's 3nm process is nearly fully booked by companies like $Apple (AAPL.US)$, Nvidia, and AMD through 2026.
In other news, AMD announced that Sun Singapore Systems is deploying an AI-based smart parking solution using AMD's Zynq UltraScale+ MPSoC devices. This system improves license plate recognition and introduces features like parking spot detection, lane jam detection, accident detection, and violation enforcement. The AI system, developed with PlanetSpark's EdgeAI Box X7 and Aupera Technologies' FPGA firmware, offers low latency, energy efficiency, and real-time AI processing, ensuring long-term adaptability to evolving AI models and standards.
$Super Micro Computer (SMCI.US)$ shares ended 0.26% lower. Its options trading volume was 0.45 million. Call contracts account for 61.7% of the total trading volume. The $900 calls expiring June 21 were traded most actively.
Unusual Stock Options Activity
There was a noteworthy activity in $NVIDIA (NVDA.US)$, where multiple puts have topped volume to open interest ranking. The highest volume over open interest ratio reaches 151.7x with 16,836 contracts.
Daily Active Index & Sector ETF Options
Source: Barchart, Unusual Whales, The Guardian, Bloomberg
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