Options Market Statistics: MARA Tumbles as Company Announces $250M Private Offering of Convertible Senior Notes to Buy More Bitcoin

$NVIDIA (NVDA.US)$ stock rose 4.08%. Its options trading volume was 3.45 million. Call contracts account for 58.2% of the total trading volume. The $111 calls expiring August 16 saw the highest OI increase.

According to Bank of America Securities analysts, semiconductor stocks could rebound in the fourth quarter as seasonal headwinds ease. Chipmakers, particularly larger ones like Nvidia with significant data-center market exposure, may benefit. The third quarter has been tough for chip stocks due to heightened volatility and economic concerns, with the $iShares Semiconductor ETF (SOXX.US)$ down nearly 14%, although still up over 11% year-to-date. Historically, the fourth and first quarters have been strong for semiconductor stocks, with average returns between 7% and 10.5%. However, upcoming U.S. elections and geopolitical tensions could introduce uncertainty.

$MARA Holdings (MARA.US)$ stock dropped 11.27%. Its options trading volume was 0.23 million. Call contracts account for 74.5% of the total trading volume. The $17 calls expiring August 16 were traded most actively. Marathon Digital Holdings plans to offer $250 million in convertible senior notes maturing in 2031 to qualified institutional buyers. The funds will be used for corporate ventures, including purchasing more bitcoin. Initial purchasers may buy an additional $37.5 million in notes within 13 days of issuance. The notes will be redeemable for cash starting September 2028 and are part of MARA’s strategy to hold bitcoin. Proceeds will also support expansion and debt repayment, with conversion options available into cash, common stock, or both.

$Super Micro Computer (SMCI.US)$ stock rose 6.33%. Its options trading volume was 0.21 million. Call contracts account for 57.1% of the total trading volume. The $350 puts expiring August 16 saw the highest OI increase.

There was a noteworthy activity in $Citigroup (C.US)$, where multiple calls have topped volume to open interest ranking. The highest volume over open interest ratio reaches 68.5x with 10,144 contracts.

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