Options Market Statistics: LUMN Surges After Getting $5 Billion in New Business on AI Boom
News Highlights
$NVDA.US$ stock rose 3.78%. Its options trading volume was 4.03 million. Call contracts account for 56.3% of the total trading volume. The $115 calls expiring August 9 were traded most actively.
Nvidia shares rebounded on Tuesday after falling over 6% on Monday due to reports of a delay in its Blackwell AI chip. An Nvidia spokesperson confirmed that production is on track for the second half of the year. Despite potential near-term volatility, analysts remain bullish on Nvidia's long-term prospects and AI leadership.
$LUMN.US$ stock surged 93.05%. Its options trading volume was 0.41 million. Call contracts account for 56.3% of the total trading volume. The $6 calls expiring Sep. 20 were traded most actively.
Lumen Technologies shares surged over 90% on Tuesday after revealing strong demand for fiber networks supporting AI services. The company announced $5 billion in new AI-related business and potential deals worth another $7 billion. It recently secured a contract to provide fiber infrastructure for Microsoft's data centers and plans to double its intercity network in five years. Citigroup upgraded Lumen's rating from sell to neutral and raised the price target from $1.25 to $3.15, though the stock's current surge suggests a potential downside of about 35%.
$META.US$ stock rose 3.86%. Its options trading volume was 0.41 million. Call contracts account for 56.3% of the total trading volume. The $500 calls expiring August 9 were traded most actively.
Unusual Stock Options Activity
There was a noteworthy activity in $BAX.US$, where multiple puts have topped volume to open interest ranking. The highest volume over open interest ratio reaches 137.5x with 18,014 contracts.
Daily Active Index & Sector ETF Options
Source: Barchart, Unusual Whales, The Guardian, Bloomberg
Call/Put Option: Trade Options: Quickstart Guide
Option Expiration: Trade Options: Quickstart Guide
Implied Volatility Rank: Volatility Analysis: IV, HV, IV Rank, IV Percentile
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Laine Ford : maybe buy