[Publishing orders] The market is ups and downs, did your options make or lose?
Index Options
On February 10 EST, trading volume in the U.S. stock index options market declined, with a total of 5.3 million contracts traded. The put/call ratio rose to 1.09.

As the upcoming expiration date approaches,$S&P 500 Index (.SPX.US)$ The distribution of options trading volume exhibits the following characteristics: the peak trading volume for put options is at 6,870 points, and the peak trading volume for call options is at 7,000 points.

Single Stock Options
$Tesla (TSLA.US)$Closing up 1.89%, with 1.6837 million options contracts traded, the put-to-call volume ratio dropped to 0.62. Tesla executive Raj Jegannathan has resigned, and Joe Ward, Vice President of Europe, has been appointed to oversee global electric vehicle sales.

Observing unusual large options trades, there are more bearish large trades.

$Intel (INTC.US)$Closing down 6.19%, with 586,800 options contracts traded, the put-to-call volume ratio rose to 0.53. Intel has hired former Qualcomm executive Eric Demers as Chief GPU Architect and invested $100 million in AI chip startup SambaNova.

Looking at this Friday's expiring call options, multiple contracts have surged over two-fold.

Observing unusual large options trades, major options traders were predominantly bearish just before the close.

Options Volume Leaderboard
Among the top 10 stocks by options trading volume,$Palantir (PLTR.US)$The put-to-call volume ratio reached a high of 1.09. Big short-seller Michael Burry predicted Palantir will plummet 58% to $60 and released a head-and-shouldersTechnical analysischart.


Top 10 US stock options by trading volume

Top 10 US Stock ETF Options by Trading Volume

Implied volatility leaderboard (underlying market cap > $10 billion and option volume > 100,000)
$Cipher Digital (CIFR.US)$Implied VolatilityThe highest increase reached 122.72%, growing by 1.62% compared to the previous trading day. Morgan Stanley initiated coverage on Cipher Mining with an overweight rating and a price target of $38.

$Unity Software (U.US)$Implied volatility increased the most, reaching 103.20%, up 6.35% from the previous trading day. Unity Software appointed Bernard Kim, a veteran of gaming technology, as an independent director to its board and announced changes in board personnel.

Top 10 most volatile US stock options (underlying market cap > $10 billion and option trading volume > 100,000 contracts)

Top 10 US Stock ETFs by Implied Volatility (Criteria: Market Cap > $100 billion)

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Risk Warning
An option is a contract that gives the holder the right, but not the obligation, to buy or sell an asset at a fixed price at any time on or before a specific date. The price of an option is influenced by several factors including the current price of the underlying asset, the strike price, time to expiration, and implied volatility.
Implied volatility reflects the market’s expectation of the future volatility of an option over a certain period. It is data derived inversely from the BS option pricing model and is generally considered an indicator of market sentiment. When investors anticipate higher volatility, they may be willing to pay more for options to hedge risks, resulting in higher implied volatility.
Traders and investors use implied volatility to assessOption priceattractiveness, identify potential mispricings, and manage risk exposure.Disclaimer
This content does not constitute any offer, solicitation, recommendation, opinion, or guarantee for any securities, financial products, or tools. The risk of loss in trading options can be substantial. In some cases, losses may exceed the initial margin deposited. Even if you set contingent orders such as 'stop-loss' or 'limit' orders, these may not prevent losses. Market conditions may prevent these orders from being executed. You might be required to deposit additional margin within a short period. If you fail to provide the required amount within the specified time, your open positions may be liquidated. However, you will still be responsible for any shortfall in your account. Therefore, before trading, you should study and understand options and carefully consider whether such trading is suitable for you based on your financial situation and investment objectives. If you trade options, you should be familiar with the procedures for exercising options and the rights and obligations upon exercise and expiration. Option trading involves extremely high risks and is not suitable for all investors. Investors should read carefully before engaging in any options trading strategy.Characteristics and Risks of Standardized Options。
This content does not constitute any offer, solicitation, recommendation, opinion, or guarantee for any securities, financial products, or tools. The risk of loss in trading options can be substantial. In some cases, losses may exceed the initial margin deposited. Even if you set contingent orders such as 'stop-loss' or 'limit' orders, these may not prevent losses. Market conditions may prevent these orders from being executed. You might be required to deposit additional margin within a short period. If you fail to provide the required amount within the specified time, your open positions may be liquidated. However, you will still be responsible for any shortfall in your account. Therefore, before trading, you should study and understand options and carefully consider whether such trading is suitable for you based on your financial situation and investment objectives. If you trade options, you should be familiar with the procedures for exercising options and the rights and obligations upon exercise and expiration. Option trading involves extremely high risks and is not suitable for all investors. Investors should read carefully before engaging in any options trading strategy.Characteristics and Risks of Standardized Options。
Editor/Lee
Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty.Read more
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