Options Market Statistics: Nvidia Shares Plunge Over 6% on Geopolitical Concerns in Chip Sector, Options Pop

$NVIDIA(NVDA.US)$ ended 6.62% lower. Its options trading volume was 5.91 million. Call contracts account for 59.6% of the total trading volume. The $130 calls expiring July 19 were traded most actively.

Global chip stocks, including AI giant Nvidia, $Taiwan Semiconductor(TSM.US)$, and $ASML Holding(ASML.US)$, tumbled on Wednesday. This decline followed the Biden administration's consideration of tighter export controls to limit China and comments from former President Donald Trump that cast doubt on America's commitment to defend Taiwan. Nvidia shares fell over 6% by Wednesday afternoon.

$Intel(INTC.US)$ ended 0.35% higher. Its options trading volume was 0.69 million. Call contracts account for 81.7% of the total trading volume. The $35 calls expiring July 19 were traded most actively.

$Taiwan Semiconductor(TSM.US)$ ended 7.98% lower. Its options trading volume was 0.46 million. Call contracts account for 53.4% of the total trading volume. The $185 puts expiring Sep. 20 were traded most actively.

There was a noteworthy activity in $NVIDIA(NVDA.US)$, where multiple calls have topped volume to open interest ranking. The highest volume over open interest ratio reaches 163.7x with 17,674 contracts.

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