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Options Market Statistics: Bitcoin Mining Stocks Surge as Bitcoin Gains Momentum from Powell's Speech

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Options Newsman wrote a column · 4 hours ago
News Highlights
$NVIDIA (NVDA.US)$ shares gained 4.6% Friday to close at $129.37. Its options trading volume was 4.72 million. Call contracts account for 60.5% of the total trading volume. The $130 calls expiring August 23 were traded most actively.
Options Market Statistics: Bitcoin Mining Stocks Surge as Bitcoin Gains Momentum from Powell's Speech
Analysts have high expectations for Nvidia Corp.'s report on Wednesday, anticipating another strong consensus beat that may lead the chipmaker to raise its profit guidance.
Consensus estimates for Nvidia’s second-quarter revenue rose by $170 million to $28.84 billion in the last 48 hours alone, according to estimates compiled by Visible Alpha, while net income projections rose $120 million to $14.95 billion.
$Marathon Digital (MARA.US)$ shares gained 10.85% Friday to close at $18.69. Its options trading volume was 0.45 million. Call contracts account for 78% of the total trading volume. The $18 calls expiring August 23 were traded most actively.
Options Market Statistics: Bitcoin Mining Stocks Surge as Bitcoin Gains Momentum from Powell's Speech
$MicroStrategy (MSTR.US)$ shares gained 12.11% Friday to close at $150.01. Its options trading volume was 0.39 million. Call contracts account for 76% of the total trading volume. The $150 calls expiring August 23 were traded most actively.
Options Market Statistics: Bitcoin Mining Stocks Surge as Bitcoin Gains Momentum from Powell's Speech
The price of Bitcoin has recently experienced a significant increase following statements by Jerome Powell, Chairman of the FED, regarding a possible reduction in interest rates. This announcement had an immediate impact on the crypto market, leading to an increase in the value of Bitcoin, which reached unexpected highs.
Options Market Statistics: Bitcoin Mining Stocks Surge as Bitcoin Gains Momentum from Powell's Speech
Unusual Stock Options Activity
There was a noteworthy activity in   $Advance Auto Parts (AAP.US)$ , where $40 PUTs have topped volume to open interest ranking. The highest volume over open interest ratio reaches 96.6x with 11878 contracts.
Options Market Statistics: Bitcoin Mining Stocks Surge as Bitcoin Gains Momentum from Powell's Speech
Daily Active Index & Sector ETF Options
Options Market Statistics: Bitcoin Mining Stocks Surge as Bitcoin Gains Momentum from Powell's Speech
Source: Barchart, Unusual Whales, The Guardian, Bloomberg
Disclaimer: Options trading entails significant risk and is not appropriate for all customers. It is important that investors read Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Opening new options positions close to or on their expiration date comes with substantial risk of losses for reasons that include potential volatility of the underlying security and limited time to expiration. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including i potential for losses that may exceed the original investment amount. Supporting documentation for any claims, if applicable, will be furnished upon request.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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