Options Market Statistics: Nvidia Stock Climbs to a Record High, Options Pop
News Highlights
$NVIDIA (NVDA.US)$ shares rose by 1.70%, closing at $531.40. Its options trading volume is 2.18 million. Call contracts account for 61.9% of the whole trading volume.The most traded calls are contracts of $550 strike price that expire on January 12th. The total volume reaches 86,428 with an open interest of 10,104. The most traded puts are contracts of a $520 strike price that expires on January 12th; the volume is 50,662 contracts with an open interest of 6,932.
Nvidia's rally this week comes as the company unveiled new video game-focused AI offerings and Oppenheimer analyst Rick Schafer named Nvidia as one of his top stock picks for semiconductor chip companies, but largely appears to be a continuation of the positive sentiments accompanying the stock for 2023, when Nvidia was by far the best-performing stock listed on the S&P 500.
$Tesla (TSLA.US)$ shares fell by 2.28%, closing at $234.96. Its options trading volume is 1.58 million. Call contracts account for 56.5% of the whole trading volume.The most traded calls are contracts of $240 strike price that expire on January 12th. The total volume reaches 100,988 with an open interest of 15,596. The most traded puts are contracts of a $230 strike price that expires on January 12th; the volume is 81,342 contracts with an open interest of 14,388.
Shares of the electric-vehicle maker has fallen more than 10% over past eight days, marking a gain only on Monday.
The decline is coming along the broader market's downturn as well as a Wall Street Journal article on alleged illegal drug use by CEO Elon Musk, which introduces a key person risk.
$Advanced Micro Devices (AMD.US)$ shares rose by 2.11%, closing at $149.26. Its options trading volume is 0.62 million. Call contracts account for 65.5% of the whole trading volume.The most traded calls are contracts of $150 strike price that expire on January 12th. The total volume reaches 51,658 with an open interest of 10,897. The most traded puts are contracts of a $145 strike price that expires on January 12th; the volume is 18,354 contracts with an open interest of 3,626.
AMD's shares experienced a climb of over 6% in two days as the company prepares for the launch of its Radeon RX 6700 XT GPU, priced at $329, on January 24.
The positive momentum in the semiconductor industry is partly attributed to the recent Consumer Electronics Show, which showcased advancements and generated excitement within the technology sector.
Unusual Stock Options Activity
Some notable put activity is being seen in $NVIDIA (NVDA.US)$, which is primarily being driven by activity on the 12-Jan-2024 put. Volume on this contract is 16,448 versus open interest of 104.
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Daily Active Index & Sector ETF Options
Source: Barchart, Unusual Whales, CNBC
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