Options Market Statistics: Nvidia Stock Falls After U.S. Announces New Restrictions on AI Chip Exports, Options Pop
News Highlights
$NVIDIA(NVDA.US$ shares fell by 4.68%, closing at $439.38. Its options trading volume is 1.52 million. Call contracts account for 54.8% of the whole trading volume.
Reuters reported that the U.S. intends to tighten restrictions on AI chip exports to China and Nvidia's H800 chip, citing a U.S. government official and industry sources. Nvidia stock fell Tuesday. The Commerce Department, which oversees export controls, didn't immediately respond to a request for comment on Monday.
Nvidia has previously said that it wouldn't see any near-term impact on its earnings from expanding export restrictions to cover the H800 and A800, two chips specifically designed for the Chinese market. However, Nvidia executives have said blanket bans on exports to China would affect the long-term growth of the U.S. chip industry.
$Tesla(TSLA.US$ shares rose by 0.37%, closing at $254.85. Its options trading volume is 0.98 million. Call contracts account for 54.2% of the whole trading volume. The most traded puts are contracts of a $105 strike price that expires on October 20th; the volume is 32,421 contracts with an open interest of 4,590.
$AMC Entertainment(AMC.US$ shares rose by 5.68%, closing at $9.86. Its options trading volume is 0.18 million. Call contracts account for 62.2% of the whole trading volume. The most traded calls are contracts of $10 strike price that expire on October 20th. The total volume reaches 18,860 with an open interest of 11,035. The most traded puts are contracts of a $8 strike price that expires on October 20th; the volume is 15,145 contracts with an open interest of 9,011.
The film Taylor Swift: The Eras Tour, which chronicles the stadium tour as well as highlights from the seventeen-year career of one of the world's biggest and most lucrative entertainers, likely drew between $95 million and $105 million in weekend revenues in the U.S. and Canada, based on data from Comscore and Boxoffice Pro, with another $30 million-plus from international markets.
The overall tally for the Eras Tour film, which was shot from performances at Los Angeles' SoFi stadium, dwarfs the previous concert film record, attributed to Justin Bieber's 2011 release 'Never Say Never', which drew around $29.5 million in its opening weekend and $99 million from hits entire months-long run.
With more reviews out and millions watching the movie, people are raving about Taylor Swift The Eras Tour," said AMC CEO Adam Aron in a post on the social media website X. "We won't know exactly until Sunday, but likely to be one of the biggest grossing movies of all time released during the month of October."
Unusual Stock Options Activity
Some notable call activity is being seen in $Colgate-Palmolive(CL.US$, which is primarily being driven by activity on the May 17th 2024 75.00 call. Volume on this contract is 51,631 versus open interest of 270, so it's likely that nearly all of the volume represents fresh positioning.
Daily Active Index & Sector ETF Options
Source: Benzinga, Dow Jones, CNBC
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Source: Benzinga, WSJ
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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DunhillTradingGroup : $9.5 strike ? NVDA
Yishu : Today's call options data for Nvidia and Tesla is wrong on the scale
Yishu :