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Samsung strike alert lifted! Where are memory stocks headed?
Option Mover The Moo
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Daily Options Outlook | AMD and Super Micro Computer surge pre-market, Micron Technology surpasses 700 billion, AI hardware supply chain remains highly robust; Ceasefire expectations between the US and Iran weigh on oil prices, energy stocks face geopolitical premium rollback

Today's Options Opportunity Preview
1. The AI hardware chain remains the strongest pre-market direction today, with the strength in computing power continuing to be validated
$Advanced Micro Devices (AMD.US)$First-quarter revenue reached $10.3 billion, up 38% year-over-year, with non-GAAP earnings per share of $1.37, both better than market expectations, driving the stock up over 18% pre-market. Market focus has shifted from single-quarter results to the sustainability of demand for AI server CPUs and GPUs, further reinforcing AMD's growth narrative in the data center sector.
$Super Micro Computer (SMCI.US)$Also benefiting from AI server demand. The company provided fourth-quarter revenue guidance of $11 billion to $12.5 billion, surpassing market expectations, with pre-market shares rising approximately 17%. Although third-quarter revenue fell short of analyst expectations, improvements in profitability and subsequent guidance have made the market more willing to trade on the logic of AI server deliveries and margin recovery.
$Micron Technology (MU.US)$Continuing its strong performance, market capitalization has broken through $700 billion for the first time, driven by expectations that AI demand is stabilizing the memory cycle.
AMD, SMCI, and MU remain highly volatile in the short term, but their pre-market gains have been substantial, with volatility remaining at elevated levels. If considering options, attention should be paid to the volatility risk of chasing call options.
2. Anthropic partners with Google Cloud, the logic behind AI cloud infrastructure continues to expand
According to The Information, Anthropic will commit approximately 200 billion USD to $Alphabet-C (GOOG.US)$$Alphabet-A (GOOGL.US)$ Google Cloud over the next five years, which could account for over 40% of Google Cloud’s backlog. This event reinforces market pricing on visibility of orders for Google Cloud, TPU, and AI infrastructure, strengthening Alphabet pre-market.
Expectations of a US-Iran ceasefire weigh on oil prices, pressuring energy stocks as geopolitical premiums are unwound.
Energy stocks face pressure today. Influenced by signals of a potential US-Iran peace agreement, Brent crude fell near 101 USD, while WTI dropped to around 94 USD, continuing the rapid price decline. The geopolitical premium previously driven by Middle East tensions is being repriced. If oil prices continue to fall, $Energy Select Sector SPDR Fund (XLE.US)$ 、 $Exxon Mobil (XOM.US)$ 、 $Chevron (CVX.US)$ traditional energy names may face short-term pressure. Investors holding energy stocks can consider protective Puts or Collars; for short-term traders, if oil prices break key support levels, there may still be trading opportunities in bearish energy ETFs.
Review of yesterday's options market
Index Options
On May 5 Eastern Time, trading volume in the US index options market declined, with a total of 4.89 million contracts traded. The put/call ratio fell to 1.07.
As the upcoming expiration date approaches,$S&P 500 Index (.SPX.US)$ The distribution of options trading volume showed the following characteristics: peak put option volume was at 7,250 points, and peak call option volume was at 7,300 points.
Today's Options Opportunity Preview 1. The AI hardware chain remains the strongest pre-market direction today, with the strength in computing power continuing to be validated $Advanced Micro Devices (AMD.US)$First-quarter revenue reached $10.3 billion, up 38% year-over-year, with non-GAAP earnings per share of $1.37, both better than market expectations, driving the stock up over 18% pre-market. Market focus has shifted from single-quarter results to the sustainability of demand for AI server CPUs and GPUs, further reinforcing AMD's growth narrative in the data center sector. $Super Micro Computer (SMCI.US)$Also benefiting from AI server demand. The company provided fourth-quarter revenue guidance of $11 billion to $12.5 billion, surpassing market expectations, with pre-market shares rising approximately 17%. Although third-quarter revenue fell short of analyst expectations, improvements in profitability and subsequent guidance have made the market more willing to trade on the logic of AI server deliveries and margin recovery. $Micron Technology (MU.US)$Continuing its strong performance, market capitalization has broken through $700 billion for the first time, driven by expectations that AI demand is stabilizing the memory cycle. AMD, SMCI, and MU remain highly volatile in the short term, but their pre-market gains have been substantial, with volatility remaining at elevated levels. If considering options, attention should be paid to the volatility risk of chasing call options. Anthropic partners with Google Cloud, AI...
Single Stock Options
$Intel (INTC.US)$ It closed up 12.92%, with 1.4691 million options contracts traded, and the put/call volume ratio dropped to 0.98. Apple and Intel held preliminary talks regarding chip foundry services, with Intel shares surging 12.9%.
Today's Options Opportunity Preview 1. The AI hardware chain remains the strongest pre-market direction today, with the strength in computing power continuing to be validated $Advanced Micro Devices (AMD.US)$First-quarter revenue reached $10.3 billion, up 38% year-over-year, with non-GAAP earnings per share of $1.37, both better than market expectations, driving the stock up over 18% pre-market. Market focus has shifted from single-quarter results to the sustainability of demand for AI server CPUs and GPUs, further reinforcing AMD's growth narrative in the data center sector. $Super Micro Computer (SMCI.US)$Also benefiting from AI server demand. The company provided fourth-quarter revenue guidance of $11 billion to $12.5 billion, surpassing market expectations, with pre-market shares rising approximately 17%. Although third-quarter revenue fell short of analyst expectations, improvements in profitability and subsequent guidance have made the market more willing to trade on the logic of AI server deliveries and margin recovery. $Micron Technology (MU.US)$Continuing its strong performance, market capitalization has broken through $700 billion for the first time, driven by expectations that AI demand is stabilizing the memory cycle. AMD, SMCI, and MU remain highly volatile in the short term, but their pre-market gains have been substantial, with volatility remaining at elevated levels. If considering options, attention should be paid to the volatility risk of chasing call options. Anthropic partners with Google Cloud, AI...
$Palantir (PLTR.US)$ It closed down 6.93%, with 1.0635 million options contracts traded, and the put/call volume ratio dropped to 0.59. Palantir beat Q1 earnings expectations and raised its full-year revenue guidance, but a slight miss in US commercial revenue caused the stock to fall.
Today's Options Opportunity Preview 1. The AI hardware chain remains the strongest pre-market direction today, with the strength in computing power continuing to be validated $Advanced Micro Devices (AMD.US)$First-quarter revenue reached $10.3 billion, up 38% year-over-year, with non-GAAP earnings per share of $1.37, both better than market expectations, driving the stock up over 18% pre-market. Market focus has shifted from single-quarter results to the sustainability of demand for AI server CPUs and GPUs, further reinforcing AMD's growth narrative in the data center sector. $Super Micro Computer (SMCI.US)$Also benefiting from AI server demand. The company provided fourth-quarter revenue guidance of $11 billion to $12.5 billion, surpassing market expectations, with pre-market shares rising approximately 17%. Although third-quarter revenue fell short of analyst expectations, improvements in profitability and subsequent guidance have made the market more willing to trade on the logic of AI server deliveries and margin recovery. $Micron Technology (MU.US)$Continuing its strong performance, market capitalization has broken through $700 billion for the first time, driven by expectations that AI demand is stabilizing the memory cycle. AMD, SMCI, and MU remain highly volatile in the short term, but their pre-market gains have been substantial, with volatility remaining at elevated levels. If considering options, attention should be paid to the volatility risk of chasing call options. Anthropic partners with Google Cloud, AI...
Top list of options trading volume
Among the top 10 stocks by options trading volume, $Intel (INTC.US)$ The highest put/call volume ratio reached 0.98.
Today's Options Opportunity Preview 1. The AI hardware chain remains the strongest pre-market direction today, with the strength in computing power continuing to be validated $Advanced Micro Devices (AMD.US)$First-quarter revenue reached $10.3 billion, up 38% year-over-year, with non-GAAP earnings per share of $1.37, both better than market expectations, driving the stock up over 18% pre-market. Market focus has shifted from single-quarter results to the sustainability of demand for AI server CPUs and GPUs, further reinforcing AMD's growth narrative in the data center sector. $Super Micro Computer (SMCI.US)$Also benefiting from AI server demand. The company provided fourth-quarter revenue guidance of $11 billion to $12.5 billion, surpassing market expectations, with pre-market shares rising approximately 17%. Although third-quarter revenue fell short of analyst expectations, improvements in profitability and subsequent guidance have made the market more willing to trade on the logic of AI server deliveries and margin recovery. $Micron Technology (MU.US)$Continuing its strong performance, market capitalization has broken through $700 billion for the first time, driven by expectations that AI demand is stabilizing the memory cycle. AMD, SMCI, and MU remain highly volatile in the short term, but their pre-market gains have been substantial, with volatility remaining at elevated levels. If considering options, attention should be paid to the volatility risk of chasing call options. Anthropic partners with Google Cloud, AI...
The highest put/call open interest ratio is $Micron Technology (MU.US)$ , reaching 1.15. Micron Technology's market cap surpassed $700 billion for the first time, driven by AI demand helping the memory chip market break free from traditional cyclicality.
Today's Options Opportunity Preview 1. The AI hardware chain remains the strongest pre-market direction today, with the strength in computing power continuing to be validated $Advanced Micro Devices (AMD.US)$First-quarter revenue reached $10.3 billion, up 38% year-over-year, with non-GAAP earnings per share of $1.37, both better than market expectations, driving the stock up over 18% pre-market. Market focus has shifted from single-quarter results to the sustainability of demand for AI server CPUs and GPUs, further reinforcing AMD's growth narrative in the data center sector. $Super Micro Computer (SMCI.US)$Also benefiting from AI server demand. The company provided fourth-quarter revenue guidance of $11 billion to $12.5 billion, surpassing market expectations, with pre-market shares rising approximately 17%. Although third-quarter revenue fell short of analyst expectations, improvements in profitability and subsequent guidance have made the market more willing to trade on the logic of AI server deliveries and margin recovery. $Micron Technology (MU.US)$Continuing its strong performance, market capitalization has broken through $700 billion for the first time, driven by expectations that AI demand is stabilizing the memory cycle. AMD, SMCI, and MU remain highly volatile in the short term, but their pre-market gains have been substantial, with volatility remaining at elevated levels. If considering options, attention should be paid to the volatility risk of chasing call options. Anthropic partners with Google Cloud, AI...
Implied volatility rankings (underlying market cap > $10 billion and options trading volume > 100,000)
$POET Technologies (POET.US)$Implied volatilityThe largest increase was 145.51%, representing a 15.49% rise from the previous trading day. POET Technologies' stock rebounded 31% after Marvell canceled orders, benefiting from easing geopolitical tensions and an overall rise in the semiconductor industry.
Today's Options Opportunity Preview 1. The AI hardware chain remains the strongest pre-market direction today, with the strength in computing power continuing to be validated $Advanced Micro Devices (AMD.US)$First-quarter revenue reached $10.3 billion, up 38% year-over-year, with non-GAAP earnings per share of $1.37, both better than market expectations, driving the stock up over 18% pre-market. Market focus has shifted from single-quarter results to the sustainability of demand for AI server CPUs and GPUs, further reinforcing AMD's growth narrative in the data center sector. $Super Micro Computer (SMCI.US)$Also benefiting from AI server demand. The company provided fourth-quarter revenue guidance of $11 billion to $12.5 billion, surpassing market expectations, with pre-market shares rising approximately 17%. Although third-quarter revenue fell short of analyst expectations, improvements in profitability and subsequent guidance have made the market more willing to trade on the logic of AI server deliveries and margin recovery. $Micron Technology (MU.US)$Continuing its strong performance, market capitalization has broken through $700 billion for the first time, driven by expectations that AI demand is stabilizing the memory cycle. AMD, SMCI, and MU remain highly volatile in the short term, but their pre-market gains have been substantial, with volatility remaining at elevated levels. If considering options, attention should be paid to the volatility risk of chasing call options. Anthropic partners with Google Cloud, AI...
Say goodbye to all-night options trading! Choose the right timing to close positions
Today's Options Opportunity Preview 1. The AI hardware chain remains the strongest pre-market direction today, with the strength in computing power continuing to be validated $Advanced Micro Devices (AMD.US)$First-quarter revenue reached $10.3 billion, up 38% year-over-year, with non-GAAP earnings per share of $1.37, both better than market expectations, driving the stock up over 18% pre-market. Market focus has shifted from single-quarter results to the sustainability of demand for AI server CPUs and GPUs, further reinforcing AMD's growth narrative in the data center sector. $Super Micro Computer (SMCI.US)$Also benefiting from AI server demand. The company provided fourth-quarter revenue guidance of $11 billion to $12.5 billion, surpassing market expectations, with pre-market shares rising approximately 17%. Although third-quarter revenue fell short of analyst expectations, improvements in profitability and subsequent guidance have made the market more willing to trade on the logic of AI server deliveries and margin recovery. $Micron Technology (MU.US)$Continuing its strong performance, market capitalization has broken through $700 billion for the first time, driven by expectations that AI demand is stabilizing the memory cycle. AMD, SMCI, and MU remain highly volatile in the short term, but their pre-market gains have been substantial, with volatility remaining at elevated levels. If considering options, attention should be paid to the volatility risk of chasing call options. Anthropic partners with Google Cloud, AI...
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 on a specific date or before that date. The price of an option is influenced by various 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 option's volatility over a certain period in the future. It is derived inversely from the BS pricing model of options and is generally considered an indicator of market sentiment. When investors anticipate greater volatility, they may be more willing to pay higher prices for options to hedge risks, resulting in higher implied volatility.
Traders and investors use implied volatility to assessOption priceto enhance attractiveness, identify potential mispricing, and manage risk exposure.
Disclaimer
This content does not constitute any offer, solicitation, recommendation, opinion, or guarantee of 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 make such orders unexecutable. You may 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. Options trading carries extremely high risks and is not suitable for all investors. Investors should carefully readCharacteristics and Risks of Standardized Options。
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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