Options Market Statistics: Nvidia Faces Historic Drop; Active Options Trading Amidst AI Model Optimism

Options Newsman joined discussion · Feb 1 01:17

News Highlights

1. $NVIDIA (NVDA.US)$ saw a decline of 3.67%, closing the trading session at $120.07 on Friday. The most actively traded call options were those with a $130 strike price, set to expire on January 31. These contracts had a total trading volume of 198,636, with an open interest of 89,644. On the put side, the most actively traded options were those with a $120 strike price, also expiring on January 31.

Nvidia experienced its largest single-day drop in the company's history on Monday, but as the week progressed, positive earnings in the tech sector helped the stock recover some of its losses. By Friday, the stock had slightly rebounded from its lowest point, with several weeks remaining until its earnings report.

There is optimism that despite the potential low cost of training AI models, these models will still require Nvidia's chips to operate. Both Microsoft and OpenAI are currently analyzing data from DeepSeeks to determine whether they have been 'training' their model by processing requests through OpenAI's models.

Options Market Statistics: Nvidia Faces Historic Drop; Active Options Trading Amidst AI Model Optimism

2. On Friday, shares of $Rigetti Computing (RGTI.US)$ experienced a uptick of 7.07%, with the most traded call options being those with a $13.5 strike price set to expire on January 31. These contracts recorded a total volume of 8,830 and an open interest of 4,345.

A recent 13F filing disclosed on Friday revealed that BlackRock Asset Management acquired 538,966 shares of RGTI during the third quarter, increasing its total shareholding to 9,447,600 with a value of $7.39 million as of September 30. Since that date, the stock has seen a significant surge, multiplying in value by 13 times as reported by Benzinga.

Unusual Stock Options Activity

There was a noteworthy activity in $JetBlue Airways (JBLU.US)$, with $7.50 calls topping the highest volume to open interest ranking. The highest volume over open interest ratio reaches 143.8x with 15,677 contracts.