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Options Market Statistics: Nvidia Options Pop and Shares Hit Record High on Strong AI Chip Demand Forecast

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Options Newsman wrote a column · May 23 19:48
News Highlights
$NVIDIA (NVDA.US)$ shares ended 9.32% higher. Its options trading volume was 2.95 million. Call contracts account for 56.9% of the total trading volume. The $950 calls expiring May 24 were traded most actively.
Nvidia shares jumped more than 9% on Thursday after the company on Wednesday reported earnings that topped Wall Street estimates and showed that there's still ferocious demand for its artificial intelligence chips. The company's data center revenue grew by a whopping 427% during the quarter.
Options Market Statistics: Nvidia Options Pop and Shares Hit Record High on Strong AI Chip Demand Forecast
$Alibaba (BABA.US)$ shares ended 2.27% lower. Its options trading volume was 0.37 million. Call contracts account for 71.9% of the total trading volume.The $90 calls expiring May 24 were traded most actively.
Alibaba fell on Thursday following a report that the Chinese tech giant is considering selling convertible bonds to raise $5 billion.
Options Market Statistics: Nvidia Options Pop and Shares Hit Record High on Strong AI Chip Demand Forecast
$Taiwan Semiconductor (TSM.US)$ shares ended 0.60% higher. Its options trading volume was 0.37 million. Call contracts account for 68.2% of the total trading volume.The $155 calls expiring August 16 were traded most actively.
The Taiwanese contract chipmaker said it expects revenues for the global semiconductor industry to grow by 10% in 2024. The company anticipates that opportunities in the artificial intelligence (AI) space will support sales growth.
Furthermore, TSMC plans to boost its chip-on-wafer-on-substrate (CoWoS) production capacity at a CAGR (compound annual growth rate) of over 60% until at least 2026. Investors should note that CoWoS is an advanced packaging technology for high-performance computing (HPC) and AI components.
Options Market Statistics: Nvidia Options Pop and Shares Hit Record High on Strong AI Chip Demand Forecast
Options Market Statistics: Nvidia Options Pop and Shares Hit Record High on Strong AI Chip Demand Forecast
Unusual Stock Options Activity
There was a noteworthy activity in $NVIDIA (NVDA.US)$, where multiple puts have topped volume to open interest ranking. The highes volume over open interest ratio reaches 163.6x with nearly 54,304 contracts.
Options Market Statistics: Nvidia Options Pop and Shares Hit Record High on Strong AI Chip Demand Forecast
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Options Market Statistics: Nvidia Options Pop and Shares Hit Record High on Strong AI Chip Demand Forecast
Source: Barchart, Unusual Whales, The Guardian, Bloomberg
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