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Options Market Statistics: Nvidia's Historic Rally Extends to a Record-Setting 10th Straight Week, Options Pop

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Options Newsman wrote a column · Mar 16 09:46
News Highlights
$NVIDIA (NVDA.US)$ shares fell by 0.12%, closing at $878.365. Its options trading volume was 1.96 million. Call contracts account for 60.3% of the total trading volume. The most traded calls are contracts of $900 strike price that expire on Mar 15th. The total volume reaches 165,309 with an open interest of 27,142. The most traded puts are contracts of a $880 strike price that expires on Mar 15th; the volume is 68,266 contracts with an open interest of 7,494.
Nvidia Corp.'s historic 2024 rally keeps piling on records. The stock rose 0.4% over the latest week, making for the chipmaker's 10th straight positive week, the longest such winning streak in its history.
Nvidia gained about 80% over the 10-week rally, and the streak is the latest example of how investors have continually bid up the company amid sky-high demand for chips used in artificial intelligence.
$Apple (AAPL.US)$ shares fell by 0.22%, closing at $172.62. Its options trading volume was 1.10 million. Call contracts account for 68.6% of the total trading volume. The most traded calls are contracts of $172.5 strike price that expire on Mar 15th. The total volume reaches 150,687 with an open interest of 16,679. The most traded puts are contracts of a $170 strike price that expires on Mar 15th; the volume is 80,212 contracts with an open interest of 51,386.
Apple Inc. reached a $490 million settlement of a class-action lawsuit brought by a group of investors who accused Chief Executive Officer Tim Cook of misleading them in 2018 about the company’s sales prospects.
Cook made false statements about the company's business in China that caused Apple stock to trade at artificially inflated prices, the investors said in their complaint, which alleged violation of securities laws. Lawyers disclosed the proposed settlement in a request for judicial approval filed Friday in federal court in Oakland, California.
$Meta Platforms (META.US)$ shares fell by 1.57%, closing at $484.1. Its options trading volume was 0.38 million. Call contracts account for 56% of the total trading volume. The most traded calls are contracts of $485 strike price that expire on Mar 15th. The total volume reaches 20,953 with an open interest of 3,183. The most traded puts are contracts of a $480 strike price that expires on Mar 15th; the volume is 22,864 contracts with an open interest of 7,354.
Facebook-parent Meta on Friday won an appeal overturning a previous court ruling that barred it from using its name in Brazil due to confusion with another company.
Options Market Statistics: Nvidia's Historic Rally Extends to a Record-Setting 10th Straight Week, Options Pop
Unusual Stock Options Activity
There was a noteworthy activity in $TPI Composites (TPIC.US)$, where multiple puts have topped volume to open interest ranking. The highest volume over open interest ratio reaches 89.3x, with option volume of nearly 23,668 and open interest of 265.
Options Market Statistics: Nvidia's Historic Rally Extends to a Record-Setting 10th Straight Week, Options Pop
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Options Market Statistics: Nvidia's Historic Rally Extends to a Record-Setting 10th Straight Week, Options Pop
Source: Barchart, Unusual Whales, Barron's, The Motley Fool
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