Options Market Statistics: SMCI Shares Surge Amidst AI Innovations, Options Pop
News Highlights
$NVIDIA(NVDA.US$ shares ended 3.52% higher. Its options trading volume was 5.65 million. Call contracts account for 60.7% of the total trading volume. The $120 puts expiring June 14 were traded most actively.
Nvidia is probably the most important stock in the market right now. While the company currently sits in third place in terms of global market capitalization, shares of NVDA stock have been driving a significant portion of the returns of the overall market for some time now. That's unlikely to change anytime soon.
The artificial intelligence (AI) catalysts driving Nvidia to new all-time highs seemingly on a daily basis are in full flight. In fact, NVDA stock made another all-time high today, surging more than 3% this afternoon ahead of a key upcoming event.
On June 26, the company will host its annual meeting. Nvidia shareholders will certainly be watching the company's presentation and commentary, looking for any new announcements around future products being launched as well as current uptake and demand predictions moving forward. Given the possibility of many new pieces of information being shared — and the bullish tilt of the market right now — it should be no surprise the largest chip stock in the world is moving higher ahead of this event.
$Super Micro Computer(SMCI.US$ shares ended 12.44% higher. Its options trading volume was 0.46 million. Call contracts account for 68.1% of the total trading volume. The $800 calls expiring June 14 were traded most actively.
Super Micro Computer shares are experiencing a surge Thursday afternoon. The stock has seen impressive performance throughout the year, potentially driven by the company's strategic initiatives and growth in the artificial intelligence (AI) sector.
Super Micro has introduced several new products and initiatives that have fueled its stock performance. Notably, the company launched a ready-to-deploy liquid-cooled AI data center, optimized for NVIDIA Corp NVDA AI Enterprise software. This innovation is designed to accelerate generative AI adoption across various industries, providing significant cost savings and enhanced performance.
Supermicro continues to lead the industry in creating and deploying AI solutions with rack-scale liquid-cooling," said Charles Liang, president and CEO of Supermicro.
$Hewlett Packard Enterprise(HPE.US$ shares ended 4.07% higher. Its options trading volume was 0.31 million. Call contracts account for 91.8% of the total trading volume. The $19 calls expiring August 16 were traded most actively.
Unusual Stock Options Activity
There was a noteworthy activity in $Coinbase(COIN.US$, where multiple calls have topped volume to open interest ranking. The highest volume over open interest ratio reaches 119.7x with 21,660 contracts.
Daily Active Index & Sector ETF Options
Source: Barchart, Unusual Whales, The Guardian, Bloomberg
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