Options Market Statistics: PDD Stock Plummets, Options Pop After Disappointing Q2 Sales

$NVIDIA (NVDA.US)$ shares fell 2.25% Monday to close at $126.46. Its options trading volume was 2.22 million. Call contracts account for 62.7% of the total trading volume.

Semiconductor stocks declined ahead of Nvidia's Q2 earnings report, which is due after markets close on Wednesday. Rising expectations for Nvidia's performance could make it challenging to impress investors. Nvidia shares fell more than 2% on Monday, contributing to a 2.5% drop in the $PHLX Semiconductor Index (.SOX.US)$. Nvidia's significant influence on major indexes means its stock price movements could impact the broader market. Analysts expect Nvidia's revenue and earnings to more than double compared to last year, but high expectations could pose a challenge.

$PDD Holdings (PDD.US)$ shares dropped 28.51% Monday to close at $100. Its options trading volume was 0.81 million. Call contracts account for 54.9% of the total trading volume. The $140 puts expiring Jan. 17 2025 were traded most actively.

PDD Holdings shares tumbled after the company reported Q2 sales of 97.06 billion yuan ($13.63 billion), missing analyst estimates. PDD chairman and co-CEO Lei Chen acknowledged future challenges. PDD's vice president of finance, Jun Liu, noted that revenue growth and profitability will face pressure due to competition and external factors. Earlier, rival $Alibaba (BABA.US)$ also missed earnings estimates amid a weak Chinese economy.

$Apple (AAPL.US)$ shares gained 0.15% Monday to close at $227.18. Its options trading volume was 0.51 million. Call contracts account for 60.4% of the total trading volume. The $230 calls expiring August 30 were traded most actively.

There was a noteworthy activity in $PDD Holdings (PDD.US)$, where $95 PUTs have topped volume to open interest ranking. The highest volume over open interest ratio reaches 120.1x with 66,320 contracts.

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