Daily Options Tracker | Memory stocks sharply pull back in pre-market; SpaceX officially joins the Nasdaq today, down 1.3% in pre-market; Tesla rose 6.69% yesterday, Q2 deliveries up 25% year-over-year, institutions bought $35 million in call options

Today's Options Opportunity Preview

At the individual stock level, memory sector names declined in pre-market trading. $Micron Technology (MU.US)$ Down -5.81%, $Western Digital (WDC.US)$ Down -6.92%, $SanDisk (SNDK.US)$ Down -6.34%. Options market signals show Micron Technology’s put/call volume ratio at 1.08 and open interest ratio at 1.47, with implied volatility (IV) reaching 108% and IV percentile at 94%, indicating investors still anticipate further price swings following the pullback.

$SpaceX (SPCX.US)$ Officially added to the Nasdaq-100 today, down -1.3% in pre-market trading. Options market signals indicate implied volatility of 92.84%, remaining at a relatively high level.

$Tesla (TSLA.US)$ Up 6.69% yesterday, down -0.95% in pre-market trading, after reporting global Q2 deliveries of approximately 480,000 vehicles, a 25% year-over-year increase. Options market signals show Tesla’s put/call volume ratio at 0.54, implied volatility at 52.91%, and IV percentile at 59%, reflecting bullish sentiment among market participants.

Review of yesterday's options market

Index Options

On July 6 Eastern Time, U.S. equity index options market volume declined, with a total of 5.36 million contracts traded. The put/call volume ratio rose to 1.02.

As the upcoming expiration date approaches,$S&P 500 Index (.SPX.US)$ Options volume distribution shows the following characteristics: peak put option volume at the 7,500 strike, and peak call option volume at the 7,550 strike.

Single Stock Options

$Tesla (TSLA.US)$Closed up 6.69%, with 4.4447 million options contracts traded, and the put/call volume ratio dropping to 0.54. Tesla reported a 25% year-over-year increase in Q2 deliveries, its stock rose 6.2%, and institutional investors purchased $35 million worth of call options.

$SpaceX (SPCX.US)$Closed down 0.98%, with 727,700 options contracts traded, and the put/call volume ratio falling to 0.56. SpaceX will officially join the Nasdaq-100 index on Tuesday and simultaneously announce its orbital AI data center project 'Starmind.'

Top list of options trading volume

Among the top 10 stocks by options trading volume,$Micron Technology (MU.US)$Recorded the highest put/call volume ratio at 1.06. Micron Technology is investing $9.3 billion to expand its wafer fabrication plant in Hiroshima, Japan, focusing on AI memory chip production.

The highest put/call open interest ratio is$Micron Technology (MU.US)$, reaching 1.47.

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

$SanDisk (SNDK.US)$Implied volatilityIt reached a high of 138.34%, up 6.15% from the previous trading day. Western Digital's stock rose 4% in pre-market trading on Monday, as analysts significantly revised their earnings per share forecast upward from $18.57 to $33.80.

$Opendoor Technologies (OPEN.US)$Implied volatility increased the most, reaching 108.91%, up 31.11% from the previous trading day. Opendoor Technologies' stock rose 6.73% to $5.23, with active options trading and a daily volume of 174,200 contracts.

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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