Options Market Statistics: SMCI Plunge on Earnings Miss, Margin Concerns; Options Pop
News Highlights
$NVIDIA (NVDA.US)$ stock fell 5.12%. Its options trading volume was 4.30 million. Call contracts account for 55.8% of the total trading volume.The $100 calls expiring August 9 were traded most actively.
Recent declines in Nvidia and $Advanced Micro Devices (AMD.US)$ shares may present a buying opportunity, according to Piper Sandler analysts. They expect both companies to benefit from increased demand for AI chips and believe Nvidia's reported Blackwell AI chip delay will not have a significant impact, as Nvidia maintains that production is on track. Despite recent losses due to a global sell-off and the delay rumors, the analysts see potential gains for investors amid the AI boom. Further details on the Blackwell chip may be revealed in Nvidia's upcoming earnings report on August 28.
$Palantir (PLTR.US)$ stock fell 1.02%. Its options trading volume was 0.58 million. Call contracts account for 62% of the total trading volume.The $30 calls expiring August 9 were traded most actively.
Wedbush analyst Dan Ives raised Palantir's price target to $38 from $35 and maintained an outperform rating, citing the company's recent results as a strong validation of its role in the AI revolution. He noted that despite skepticism from Wall Street, Palantir's expanding partner ecosystem and growing demand for its enterprise-scale generative AI solutions demonstrate its increasing market share and significance in the industry.
$Super Micro Computer (SMCI.US)$ stock dropped 20.14%. Its options trading volume was 0.38 million. Call contracts account for 53.6% of the total trading volume.The $600 calls expiring August 9 were traded most actively.
Super Micro Computer shares plummeted 20% on Wednesday after the company reported quarterly earnings that missed expectations and announced a 10-for-1 stock split. Analysts highlighted that despite increased demand driven by the AI boom, low margins are hurting the company's financial performance. J.P. Morgan analysts noted that Super Micro now faces a "show-me" phase for margin improvement. Bank of America downgraded the stock to "neutral," citing ongoing margin challenges despite higher revenues. However, Rosenblatt Securities remained bullish, emphasizing Super Micro's strategic position in AI, especially with its ties to Nvidia's AI chips.
Unusual Stock Options Activity
There was a noteworthy activity in $Wynn Resorts (WYNN.US)$, where multiple calls have topped volume to open interest ranking. The highest volume over open interest ratio reaches 254.7x with 36,424 contracts.
Daily Active Index & Sector ETF Options
Source: Barchart, Unusual Whales, The Guardian, Bloomberg
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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Yennycmartinez : This information is good before the open the market
103613736 : how to trade $30??
金银镇財 : I really don't understand why when PUT smci didn't change, the parent stock fell and surged
qqq q 金银镇財 : Beginners are advised to be honest and understand the underlying stock before playing options
70195760 金银镇財 : IV crash