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Options Market Statistics: Chip Stocks Rebound Amid Eased Economic Fears and AI Demand Optimism

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Options Newsman wrote a column · Aug 9 09:12
News Highlights
$NVIDIA (NVDA.US)$ stock rose 6.13%. Its options trading volume was 5.09 million. Call contracts account for 57.1% of the total trading volume. The $105 calls expiring August 9 were traded most actively.
Chip stocks, including Nvidia, $Advanced Micro Devices (AMD.US)$, and $Broadcom (AVGO.US)$, surged Thursday, rebounding from early-week losses due to economic concerns and reports of delays in Nvidia's new Blackwell chip launch. The rally followed a better-than-expected weekly jobless claims report, alleviating some economic fears. Analysts suggest the recent volatility may present a buying opportunity, anticipating long-term demand growth for artificial intelligence.
Options Market Statistics: Chip Stocks Rebound Amid Eased Economic Fears and AI Demand Optimism
$Energy Transfer (ET.US)$ stock rose 4.03%. Its options trading volume was 0.90 million. Call contracts account for 98.5% of the total trading volume. The $17 calls expiring Sep. 20 were traded most actively.
Energy Transfer reported its Q2 2024 results, missing both earnings and revenue estimates. The company posted earnings per share of 35 cents, slightly below the analyst estimate of 36 cents. Revenue came in at $20.73 billion, which was 5.82% below the expected $22.01 billion.
Options Market Statistics: Chip Stocks Rebound Amid Eased Economic Fears and AI Demand Optimism
$Robinhood (HOOD.US)$ stock rose 3.56%. Its options trading volume was 0.34 million. Call contracts account for 76.1% of the total trading volume. The $18 calls expiring August 9 were traded most actively.
Options Market Statistics: Chip Stocks Rebound Amid Eased Economic Fears and AI Demand Optimism
Options Market Statistics: Chip Stocks Rebound Amid Eased Economic Fears and AI Demand Optimism
Unusual Stock Options Activity
There was a noteworthy activity in $New Fortress Energy (NFE.US)$, where multiple calls have topped volume to open interest ranking. The highest volume over open interest ratio reaches 123.3x with 12,333 contracts.
Options Market Statistics: Chip Stocks Rebound Amid Eased Economic Fears and AI Demand Optimism
Daily Active Index & Sector ETF Options
Options Market Statistics: Chip Stocks Rebound Amid Eased Economic Fears and AI Demand Optimism
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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