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Options Hub: Oil prices break $100, PPI beats expectations! How to position with options for tonight
Option Mover The Moo
joined discussion · Aug 7 17:59

Daily Options Outlook | Cloudflare surges over 16% post-earnings; optical communication stocks strengthen in pre-market; market eyes tonight’s US July nonfarm payrolls data

Today's Options Opportunity Outlook
On the macro front,$Invesco QQQ Trust (QQQ.US)$Up 0.51% in pre-market,$SPDR S&P 500 ETF (SPY.US)$Up 0.16% in pre-market. The market is focused on the US July nonfarm payrolls report, with analyst forecasts ranging widely from 18,000 to 83,000. Heightened tensions in the Strait of Hormuz have pushed oil prices higher, prompting investors to prepare for volatility. Options market data shows QQQ’s put/call volume ratio dropped to 0.98 on the previous trading day, with implied volatility (IV) at 23.75%.
Today's Options Opportunity Outlook On the macro front,$Invesco QQQ Trust (QQQ.US)$Up 0.51% in pre-market,$SPDR S&P 500 ETF (SPY.US)$Up 0.16% in pre-market. The market is focused on the US July nonfarm payrolls report, with analyst forecasts ranging widely from 18,000 to 83,000. Heightened tensions in the Strait of Hormuz have pushed oil prices higher, prompting investors to prepare for volatility. Options market data shows QQQ’s put/call volume ratio dropped to 0.98 on the previous trading day, with implied volatility (IV) at 23.75%. At the individual stock level, $Cloudflare (NET.US)$ Surged post-earnings, up approximately 17% in pre-market. The company reported Q2 revenue of $696 million, exceeding market expectations of around $665 million, and raised its full-year revenue guidance to $2.86–$2.87 billion. Management explicitly noted that machine-generated traffic driven by AI Agents is fueling demand for networking, security, and AI infrastructure. $Atlassian (TEAM.US)$ Stock up approximately 31% in pre-market, as the company’s quarterly revenue significantly beat market expectations, with particularly strong growth in its Cloud segment. Revenue for the latest quarter came in at approximately $1.77 billion, up 28% year-over-year, while Cloud revenue grew by 31%. Next quarter’s...
At the individual stock level, $Cloudflare (NET.US)$ Surged post-earnings, up approximately 17% in pre-market. The company reported Q2 revenue of $696 million, exceeding market expectations of around $665 million, and raised its full-year revenue guidance to $2.86–$2.87 billion. Management explicitly noted that machine-generated traffic driven by AI Agents is fueling demand for networking, security, and AI infrastructure.
Today's Options Opportunity Outlook On the macro front,$Invesco QQQ Trust (QQQ.US)$Up 0.51% in pre-market,$SPDR S&P 500 ETF (SPY.US)$Up 0.16% in pre-market. The market is focused on the US July nonfarm payrolls report, with analyst forecasts ranging widely from 18,000 to 83,000. Heightened tensions in the Strait of Hormuz have pushed oil prices higher, prompting investors to prepare for volatility. Options market data shows QQQ’s put/call volume ratio dropped to 0.98 on the previous trading day, with implied volatility (IV) at 23.75%. At the individual stock level, $Cloudflare (NET.US)$ Surged post-earnings, up approximately 17% in pre-market. The company reported Q2 revenue of $696 million, exceeding market expectations of around $665 million, and raised its full-year revenue guidance to $2.86–$2.87 billion. Management explicitly noted that machine-generated traffic driven by AI Agents is fueling demand for networking, security, and AI infrastructure. $Atlassian (TEAM.US)$ Stock up approximately 31% in pre-market, as the company’s quarterly revenue significantly beat market expectations, with particularly strong growth in its Cloud segment. Revenue for the latest quarter came in at approximately $1.77 billion, up 28% year-over-year, while Cloud revenue grew by 31%. Next quarter’s...
$Atlassian (TEAM.US)$ Stock up approximately 31% in pre-market, as the company’s quarterly revenue significantly beat market expectations, with particularly strong growth in its Cloud segment. Revenue for the latest quarter came in at approximately $1.77 billion, up 28% year-over-year, while Cloud revenue grew by 31%. Next quarter’s revenue guidance midpoint stands at approximately $1.71 billion, also above market expectations. AI-driven traffic itself is directly generating infrastructure revenue, suggesting the market may further reprice software stocks that were previously overly pessimistic about AI-related risks.
$SanDisk (SNDK.US)$Up 2.91% in pre-market trading, U.S. storage stocks rebounded pre-market, with Western Digital selling off after reporting earnings due to revenue guidance below expectations. Options market data shows the stock's put/call volume ratio rose to 0.83, with implied volatility reaching 103.49%.
The optical communications sector strengthened in pre-market trading, $Coherent (COHR.US)$ shares rose 4.52% in pre-market trading, $Lumentum (LITE.US)$ up 4.76% in pre-market trading. In addition to sustained expansion in demand for high-speed optical modules and data center interconnects from AI data centers, recent U.S. considerations to restrict Chinese-made optical transceivers and other data center equipment from entering the domestic market have further reinforced expectations of increased market share for U.S. suppliers.
Today's Options Opportunity Outlook On the macro front,$Invesco QQQ Trust (QQQ.US)$Up 0.51% in pre-market,$SPDR S&P 500 ETF (SPY.US)$Up 0.16% in pre-market. The market is focused on the US July nonfarm payrolls report, with analyst forecasts ranging widely from 18,000 to 83,000. Heightened tensions in the Strait of Hormuz have pushed oil prices higher, prompting investors to prepare for volatility. Options market data shows QQQ’s put/call volume ratio dropped to 0.98 on the previous trading day, with implied volatility (IV) at 23.75%. At the individual stock level, $Cloudflare (NET.US)$ Surged post-earnings, up approximately 17% in pre-market. The company reported Q2 revenue of $696 million, exceeding market expectations of around $665 million, and raised its full-year revenue guidance to $2.86–$2.87 billion. Management explicitly noted that machine-generated traffic driven by AI Agents is fueling demand for networking, security, and AI infrastructure. $Atlassian (TEAM.US)$ Stock up approximately 31% in pre-market, as the company’s quarterly revenue significantly beat market expectations, with particularly strong growth in its Cloud segment. Revenue for the latest quarter came in at approximately $1.77 billion, up 28% year-over-year, while Cloud revenue grew by 31%. Next quarter’s...
Yesterday’s Options Market Recap
Index Options
On August 6 (Eastern Time), trading volume in the U.S. equity index options market declined, with a total of 5.7 million contracts traded. The put/call volume ratio rose to 1.03.
For the upcoming expiration date,$S&P 500 Index (.SPX.US)$ Options volume distribution showed the following characteristics: peak put volume occurred at the 7,650 strike, while peak call volume was at the 7,800 strike.
Today's Options Opportunity Outlook On the macro front,$Invesco QQQ Trust (QQQ.US)$Up 0.51% in pre-market,$SPDR S&P 500 ETF (SPY.US)$Up 0.16% in pre-market. The market is focused on the US July nonfarm payrolls report, with analyst forecasts ranging widely from 18,000 to 83,000. Heightened tensions in the Strait of Hormuz have pushed oil prices higher, prompting investors to prepare for volatility. Options market data shows QQQ’s put/call volume ratio dropped to 0.98 on the previous trading day, with implied volatility (IV) at 23.75%. At the individual stock level, $Cloudflare (NET.US)$ Surged post-earnings, up approximately 17% in pre-market. The company reported Q2 revenue of $696 million, exceeding market expectations of around $665 million, and raised its full-year revenue guidance to $2.86–$2.87 billion. Management explicitly noted that machine-generated traffic driven by AI Agents is fueling demand for networking, security, and AI infrastructure. $Atlassian (TEAM.US)$ Stock up approximately 31% in pre-market, as the company’s quarterly revenue significantly beat market expectations, with particularly strong growth in its Cloud segment. Revenue for the latest quarter came in at approximately $1.77 billion, up 28% year-over-year, while Cloud revenue grew by 31%. Next quarter’s...
Single-Stock Options
$Hertz Global (HTZ.US)$Closed up 29.49%, with 584,000 options contracts traded, and the put/call volume ratio dropped to 0.18. Hertz Global reported Q2 revenue of $2.4 billion, up 10% year-over-year, and an adjusted loss per share of $0.11, which beat expectations.
Today's Options Opportunity Outlook On the macro front,$Invesco QQQ Trust (QQQ.US)$Up 0.51% in pre-market,$SPDR S&P 500 ETF (SPY.US)$Up 0.16% in pre-market. The market is focused on the US July nonfarm payrolls report, with analyst forecasts ranging widely from 18,000 to 83,000. Heightened tensions in the Strait of Hormuz have pushed oil prices higher, prompting investors to prepare for volatility. Options market data shows QQQ’s put/call volume ratio dropped to 0.98 on the previous trading day, with implied volatility (IV) at 23.75%. At the individual stock level, $Cloudflare (NET.US)$ Surged post-earnings, up approximately 17% in pre-market. The company reported Q2 revenue of $696 million, exceeding market expectations of around $665 million, and raised its full-year revenue guidance to $2.86–$2.87 billion. Management explicitly noted that machine-generated traffic driven by AI Agents is fueling demand for networking, security, and AI infrastructure. $Atlassian (TEAM.US)$ Stock up approximately 31% in pre-market, as the company’s quarterly revenue significantly beat market expectations, with particularly strong growth in its Cloud segment. Revenue for the latest quarter came in at approximately $1.77 billion, up 28% year-over-year, while Cloud revenue grew by 31%. Next quarter’s...
$Palantir (PLTR.US)$Closed down 1.58%, with 477,400 options contracts traded, and the put/call volume ratio rose to 0.74. Palantir executives plan to sell 35,000 shares worth approximately $5.4555 million.
Today's Options Opportunity Outlook On the macro front,$Invesco QQQ Trust (QQQ.US)$Up 0.51% in pre-market,$SPDR S&P 500 ETF (SPY.US)$Up 0.16% in pre-market. The market is focused on the US July nonfarm payrolls report, with analyst forecasts ranging widely from 18,000 to 83,000. Heightened tensions in the Strait of Hormuz have pushed oil prices higher, prompting investors to prepare for volatility. Options market data shows QQQ’s put/call volume ratio dropped to 0.98 on the previous trading day, with implied volatility (IV) at 23.75%. At the individual stock level, $Cloudflare (NET.US)$ Surged post-earnings, up approximately 17% in pre-market. The company reported Q2 revenue of $696 million, exceeding market expectations of around $665 million, and raised its full-year revenue guidance to $2.86–$2.87 billion. Management explicitly noted that machine-generated traffic driven by AI Agents is fueling demand for networking, security, and AI infrastructure. $Atlassian (TEAM.US)$ Stock up approximately 31% in pre-market, as the company’s quarterly revenue significantly beat market expectations, with particularly strong growth in its Cloud segment. Revenue for the latest quarter came in at approximately $1.77 billion, up 28% year-over-year, while Cloud revenue grew by 31%. Next quarter’s...
Options Volume Rankings
Among the top 10 stocks by options volume,$SpaceX (SPCX.US)$ had the highest put/call volume ratio, reaching 1.01. Following the initial unlocking of SpaceX shares, the stock price rose against the broader trend, with institutional investors establishing bullish options strategies signaling long-term confidence.
Today's Options Opportunity Outlook On the macro front,$Invesco QQQ Trust (QQQ.US)$Up 0.51% in pre-market,$SPDR S&P 500 ETF (SPY.US)$Up 0.16% in pre-market. The market is focused on the US July nonfarm payrolls report, with analyst forecasts ranging widely from 18,000 to 83,000. Heightened tensions in the Strait of Hormuz have pushed oil prices higher, prompting investors to prepare for volatility. Options market data shows QQQ’s put/call volume ratio dropped to 0.98 on the previous trading day, with implied volatility (IV) at 23.75%. At the individual stock level, $Cloudflare (NET.US)$ Surged post-earnings, up approximately 17% in pre-market. The company reported Q2 revenue of $696 million, exceeding market expectations of around $665 million, and raised its full-year revenue guidance to $2.86–$2.87 billion. Management explicitly noted that machine-generated traffic driven by AI Agents is fueling demand for networking, security, and AI infrastructure. $Atlassian (TEAM.US)$ Stock up approximately 31% in pre-market, as the company’s quarterly revenue significantly beat market expectations, with particularly strong growth in its Cloud segment. Revenue for the latest quarter came in at approximately $1.77 billion, up 28% year-over-year, while Cloud revenue grew by 31%. Next quarter’s...
The highest put/call open interest ratio is$Hertz Global (HTZ.US)$, reaching 1.19.
Today's Options Opportunity Outlook On the macro front,$Invesco QQQ Trust (QQQ.US)$Up 0.51% in pre-market,$SPDR S&P 500 ETF (SPY.US)$Up 0.16% in pre-market. The market is focused on the US July nonfarm payrolls report, with analyst forecasts ranging widely from 18,000 to 83,000. Heightened tensions in the Strait of Hormuz have pushed oil prices higher, prompting investors to prepare for volatility. Options market data shows QQQ’s put/call volume ratio dropped to 0.98 on the previous trading day, with implied volatility (IV) at 23.75%. At the individual stock level, $Cloudflare (NET.US)$ Surged post-earnings, up approximately 17% in pre-market. The company reported Q2 revenue of $696 million, exceeding market expectations of around $665 million, and raised its full-year revenue guidance to $2.86–$2.87 billion. Management explicitly noted that machine-generated traffic driven by AI Agents is fueling demand for networking, security, and AI infrastructure. $Atlassian (TEAM.US)$ Stock up approximately 31% in pre-market, as the company’s quarterly revenue significantly beat market expectations, with particularly strong growth in its Cloud segment. Revenue for the latest quarter came in at approximately $1.77 billion, up 28% year-over-year, while Cloud revenue grew by 31%. Next quarter’s...
Implied Volatility Leaderboard (underlying market cap > $1 billion and options volume > 100,000)
$NEBIUS (NBIS.US)$Implied volatility peaked at 129.47%, down 3.13% from the previous trading day. NEBIUS stock faced pressure due to SpaceX intensifying competition in AI computing power and weakness in memory-related stocks, with active options trading and implied volatility reaching as high as 133%.
Today's Options Opportunity Outlook On the macro front,$Invesco QQQ Trust (QQQ.US)$Up 0.51% in pre-market,$SPDR S&P 500 ETF (SPY.US)$Up 0.16% in pre-market. The market is focused on the US July nonfarm payrolls report, with analyst forecasts ranging widely from 18,000 to 83,000. Heightened tensions in the Strait of Hormuz have pushed oil prices higher, prompting investors to prepare for volatility. Options market data shows QQQ’s put/call volume ratio dropped to 0.98 on the previous trading day, with implied volatility (IV) at 23.75%. At the individual stock level, $Cloudflare (NET.US)$ Surged post-earnings, up approximately 17% in pre-market. The company reported Q2 revenue of $696 million, exceeding market expectations of around $665 million, and raised its full-year revenue guidance to $2.86–$2.87 billion. Management explicitly noted that machine-generated traffic driven by AI Agents is fueling demand for networking, security, and AI infrastructure. $Atlassian (TEAM.US)$ Stock up approximately 31% in pre-market, as the company’s quarterly revenue significantly beat market expectations, with particularly strong growth in its Cloud segment. Revenue for the latest quarter came in at approximately $1.77 billion, up 28% year-over-year, while Cloud revenue grew by 31%. Next quarter’s...
$POET Technologies (POET.US)$Implied volatility rose the most, reaching 123.38%, up 2.86% from the previous trading day. POET Technologies' stock surged nearly 17% in pre-market trading, driven by a collective rally in the U.S. optical communications sector following the FCC's proposed ban on Chinese optical modules.
Today's Options Opportunity Outlook On the macro front,$Invesco QQQ Trust (QQQ.US)$Up 0.51% in pre-market,$SPDR S&P 500 ETF (SPY.US)$Up 0.16% in pre-market. The market is focused on the US July nonfarm payrolls report, with analyst forecasts ranging widely from 18,000 to 83,000. Heightened tensions in the Strait of Hormuz have pushed oil prices higher, prompting investors to prepare for volatility. Options market data shows QQQ’s put/call volume ratio dropped to 0.98 on the previous trading day, with implied volatility (IV) at 23.75%. At the individual stock level, $Cloudflare (NET.US)$ Surged post-earnings, up approximately 17% in pre-market. The company reported Q2 revenue of $696 million, exceeding market expectations of around $665 million, and raised its full-year revenue guidance to $2.86–$2.87 billion. Management explicitly noted that machine-generated traffic driven by AI Agents is fueling demand for networking, security, and AI infrastructure. $Atlassian (TEAM.US)$ Stock up approximately 31% in pre-market, as the company’s quarterly revenue significantly beat market expectations, with particularly strong growth in its Cloud segment. Revenue for the latest quarter came in at approximately $1.77 billion, up 28% year-over-year, while Cloud revenue grew by 31%. Next quarter’s...
Risk Warning
An option is a contract that grants the holder the right—but not the obligation—to buy or sell an underlying asset at a predetermined price on or before a specified date. Option prices are influenced by multiple factors, including the current price of the underlying asset, strike price, time to expiration, and implied volatility.
Implied volatility reflects the market’s expectation of future price fluctuations over a given period. It is derived by reverse-engineering the Black-Scholes option pricing model and is generally viewed as an indicator of market sentiment. When investors anticipate greater volatility, they may be willing to pay higher premiums for options to hedge risk, resulting in higher implied volatility.
Traders and investors use implied volatility to assess the attractiveness of option prices, identify potential mispricings, and manage risk exposure.
Disclaimer
This content does not constitute an offer, solicitation, recommendation, advice, opinion, or any guarantee regarding any securities, financial products, or instruments. The risk of loss in trading options can be substantial. In certain circumstances, your losses may exceed the initial margin deposit. Even if you place contingent orders such as 'stop-loss' or 'limit' orders, you may not be able to avoid losses. Market conditions may prevent the execution of such orders. You may be required to deposit additional margin on short notice. If you fail to meet such margin requirements within the stipulated time, your open positions may be liquidated. You remain fully liable for any resulting deficit in your account. Therefore, you should thoroughly research 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 handling expiration, as well as your rights and obligations upon exercise or expiration. Options trading involves substantial risk and is not suitable for all investors. Investors should carefully read"Characteristics 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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