Options Market Statistics: Nvidia Surpasses Microsoft to Become Most Valuable Public Company, Shares and Options Surge

Options Newsman wrote a column · Jun 18 20:00

News Highlights

$NVIDIA(NVDA.US)$ shares ended 3.51% higher. Its options trading volume was 6.02 million. Call contracts account for 63.2% of the total trading volume. The $130 calls expiring June 21 were traded most actively.

Shares of the chipmaker climbed more than 3% on Tuesday, lifting the company's market cap to $3.34 trillion, surpassing $Microsoft(MSFT.US)$, which is now valued at $3.32 trillion. Earlier this month, Nvidia hit $3 trillion for the first time, and passed $Apple(AAPL.US)$.

Nvidia is a newcomer to the title of most valuable U.S. company. For the past few years, Apple and Microsoft have been trading the title.

Nvidia's ascent has been so rapid that the company has yet to be added to the Dow Jones Industrial Average, the stock benchmark of 30 of the most valuable U.S. companies. Alongside its earnings release last month, Nvidia announced a 10-for-1 stock split, which went into effect on June 7.

The split gives Nvidia a better shot at being added to the Dow, which is a price-weighted index, meaning that companies with higher stock prices — rather than market caps — have outsized influence on the benchmark.

Options Market Statistics: Nvidia Surpasses Microsoft to Become Most Valuable Public Company, Shares and Options Surge

$Taiwan Semiconductor(TSM.US)$ shares ended 1.38% higher. Its options trading volume was 0.46 million. Call contracts account for 70.4% of the total trading volume. The $170 puts expiring July 19 were traded most actively.

As hometown daily paper DigiTimes reported this morning, $Intel(INTC.US)$ has tapped TSMC to manufacture its new line of 3nm semiconductor chips for notebook computers.

$Dell Technologies(DELL.US)$ shares ended 5.01% higher. Its options trading volume was 0.42 million. Call contracts account for 69.2% of the total trading volume. The $115 puts expiring August 16 were traded most actively.

Unusual Stock Options Activity

There was a noteworthy activity in $Micron Technology(MU.US)$, where multiple puts have topped volume to open interest ranking. The highest volume over open interest ratio reaches 89.2x with 27,567 contracts.

Daily Active Index & Sector ETF Options

Source: Barchart, Unusual Whales, The Guardian, Bloomberg

Having trouble understanding the concepts of options trading? Check out these beginner-friendly guides:

Option Volume: [Options Notes]Measuring liquidity: two key indicators to check

Open Interest: Open Interest Analysis: How to potentially grasp the market's capital flow?

Call/Put Option: Trade Options: Quickstart Guide

Option Expiration: Trade Options: Quickstart Guide

Implied Volatility Rank: Volatility Analysis: IV、HV、IV Rank、IV Percentile

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