Daily Options Outlook | Intel leads semiconductor gains, memory-related stocks continue to rise; Robinhood rose 8.78% yesterday, and Argus Research raised its price target to $110

Today's Options Market Outlook

Macroeconomic levelAlthough Waller, in his first FOMC meeting, signaled expectations of rate hikes, easing U.S.-Iran tensions boosted the major index futures. $Invesco QQQ Trust (QQQ.US)$ Up 1.63% in pre-market trading, options market signals show QQQ's put/call volume ratio at 1.19 and open interest ratio at 1.55, with implied volatility (IV) at 28.99% and IV percentile at 94%, indicating that mainstream market participants continue to deploy put options to hedge against potential downside risk.

On the individual stock level， $Intel (INTC.US)$ Up 8.91% in pre-market trading, Trump again mentioned his support for Intel and collaborations with Apple and Musk. Options market signals show Intel's put/call volume ratio at 0.68, implied volatility (IV) at 90.55%, and IV percentile at 97%, reflecting short-term speculative positioning betting on an upward trend, though further stock price volatility is anticipated.

Memory-related stocks continued to rise, $Micron Technology (MU.US)$ Up 4.79% in pre-market trading, $SanDisk (SNDK.US)$ Up 4.4% in pre-market trading, $Western Digital (WDC.US)$ Up 5.28%. Options signals show Western Digital’s put/call volume ratio at 0.70 and implied volatility (IV) at 97.70%, a record high. The market expects further significant price swings.

Review of yesterday's options market

Index Options

On June 17 Eastern Time, U.S. equity index options market volume declined, with a total of 6.25 million contracts traded. The put/call volume ratio rose to 1.11.

As the upcoming expiration date approaches,$S&P 500 Index (.SPX.US)$ Options volume distribution showed the following characteristics: peak put option volume occurred at the 7,400 strike, while peak call option volume was at the 7,500 strike.

Single Stock Options

$Robinhood (HOOD.US)$Closed up 8.78%, with 1.0225 million options contracts traded, and the put/call volume ratio rose to 0.42. Argus Research maintained its Buy rating on Robinhood and raised its price target from $90 to $110.

$Meta Platforms (META.US)$Closed down 5.44%, with 927,800 options contracts traded, and the put/call volume ratio rose to 0.77. Emily Dalton Smith, Meta executive leading the 'AI for Work' transformation, has departed the company.

Top list of options trading volume

Among the top 10 stocks by options trading volume,$SpaceX (SPCX.US)$The put/call volume ratio reached its highest level at 0.97. SpaceX fell 4.95% in its first decline since going public, while simultaneously announcing a $60 billion acquisition of Anysphere, the developer of AI coding tool Cursor.

The highest put/call open interest ratio is$Micron Technology (MU.US)$, reaching 1.33. Citigroup and Deutsche Bank raised their price targets for Micron Technology to $1,200 and $1,500, respectively, maintaining buy ratings.

Implied volatility rankings (underlying market cap > $10 billion and options trading volume > 100,000)

$Webull (BULL.US)$Implied volatilityHighest and fastest-growing, reaching 184.78%, up 159.83% from the previous trading day. Webull Canada launched 24/5 overnight trading services, and analysts maintained a buy rating with a $14 price target.

$Eos Energy (EOSE.US)$Second-largest increase in implied volatility, reaching 121.23%, up 11.44% from the previous trading day. Eos Energy announced the start of commercial production at its Pennsylvania manufacturing facility and signed a 750 MWh supply agreement with CAPAC Energy to enter the German market.

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。

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