Options Market Statistics: Nvidia Faces Two DOJ Antitrust Probes, Options Pop
News Highlights
$NVIDIA(NVDA.US$ stock dropped 1.78%. Its options trading volume was 7.64 million. Call contracts account for 56.7% of the total trading volume. The $105 puts expiring August 2 were traded most actively.
Nvidia is reportedly facing two separate DOJ antitrust investigations. One probe is related to the company's acquisition of Israeli startup Run:ai, which specializes in GPU visualization. The other is investigating whether Nvidia pressured customers not to buy its rivals' products. The DOJ has reportedly reached out to several of Nvidia's competitors, including Advanced Micro Devices, to gather information about the complaints. Nvidia denies any illegal activity and insists that it competes fairly and transparently. The company has stated that it will provide any information regulators need.
$Tesla(TSLA.US$ stock declined 4.24%. Its options trading volume was 7.64 million. Call contracts account for 49.3% of the total trading volume. The $210 puts expiring August 2 were traded most actively.
A Delaware judge expressed skepticism about a vote by Tesla shareholders that could potentially reinstate Elon Musk's $56 billion pay package. Earlier this year, the judge invalidated the package, stating that Tesla's board had breached its legal duty in approving it. Tesla and its board of directors argued that a shareholder vote in June to reapprove the package should give grounds to reverse the decision. However, the judge questioned whether a shareholder vote could override her findings and suggested that Tesla should consider crafting a new pay scheme instead. The judge will rule on the matter later.
$Apple(AAPL.US$ stock climbed 0.69%. Its options trading volume was 2.15 million. Call contracts account for 49.1% of the total trading volume. The $220 puts expiring August 2 were traded most actively.
Apple's stock finished flat following its third quarter earnings report, despite a decline in iPhone sales. The company reported a year-over-year decrease in iPhone sales, particularly in China, where revenue fell short of expectations. However, the overall revenue and earnings per share exceeded analyst estimates. Additionally, Apple's services revenue, iPad sales, and Mac revenue showed positive performance.
The company is also preparing to launch its Apple Intelligence software, powered by generative AI technology, later this year, which has garnered mixed expectations from analysts regarding its potential impact on iPhone sales. The software will only be compatible with iPhone 15 Pro and newer models, which could drive upgrades to new devices.
Unusual Stock Options Activity
There was a noteworthy activity in $TeraWulf(WULF.US$, where multiple calls have topped volume to open interest ranking. The highest volume over open interest ratio reaches 30.6x with 4,103 contracts.
Daily Active Index & Sector ETF Options
Source: Barchart, Unusual Whales, The Guardian, Bloomberg
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Implied Volatility Rank: Volatility Analysis: IV, HV, IV Rank, IV Percentile
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104304893 : Hello
104304893 : I have moomoo at telegram they also say they from moomoo management
Scott Gaius : hi
Space Dust : about a month ago, I mentioned this happening and someone ridiculed me. DOJ, behind the scenes, are all up in Nvidia for multiple things that " just don't look right".
Space Dust Space Dust : I will say, there is a slight stench of ENRON wafting about the markets. somewhere
tiaaaammmo 104304893 : y need to check with moomoo cs becarefully
Space Dust : .. one day the word coreweave will come up.