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Focus on COMPUTEX 2026! Will the entire AI supply chain ignite?
Option Mover The Moo
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Daily Options Outlook | Broadcom earnings after market close; Marvell Technology up over 10% in pre-market, optical communication rally broadens

Today's Options Opportunity Preview
From today's US pre-market activity, the trading focus within the AI hardware chain continues shifting from GPUs toward custom chips, networking interconnects, and optical communications.
$Marvell Technology (MRVL.US)$ After surging 32% overnight, the stock rose another 12% in today’s pre-market. The most immediate catalyst was NVIDIA CEO Jensen Huang’s public endorsement of Marvell Technology, which the market interpreted as reaffirmation of its status as a core AI infrastructure supplier. Marvell is not just an ordinary chip company—its core value lies in custom AI chips, switching chips, DSPs, and high-speed optical interconnects, all of which align precisely with the next-phase demand for AI data centers as they evolve from 'stacking GPUs' to 'large-scale cluster interconnectivity.'
Following two consecutive days of sharp gains in MRVL, the options market will likely see call-side chasing and elevated implied volatility. Today’s key watchpoint is whether the stock can open with strong volume and hold its high ground. If it gaps up and continues robust turnover, it suggests the market is still repricing 'core AI interconnect assets'; if it rallies then pulls back, short-term call buyers could face simultaneous pressure from share price retracement and declining implied volatility.
Today's Options Opportunity Preview From today's US pre-market activity, the trading focus within the AI hardware chain continues shifting from GPUs toward custom chips, networking interconnects, and optical communications. $Marvell Technology (MRVL.US)$ After surging 32% overnight, the stock rose another 12% in today’s pre-market. The most immediate catalyst was NVIDIA CEO Jensen Huang’s public endorsement of Marvell Technology, which the market interpreted as reaffirmation of its status as a core AI infrastructure supplier. Marvell is not just an ordinary chip company—its core value lies in custom AI chips, switching chips, DSPs, and high-speed optical interconnects, all of which align precisely with the next-phase demand for AI data centers as they evolve from 'stacking GPUs' to 'large-scale cluster interconnectivity.' Following two consecutive days of sharp gains in MRVL, the options market will likely see call-side chasing and elevated implied volatility. Today’s key watchpoint is whether the stock can open with strong volume and hold its high ground. If it gaps up and continues robust turnover, it suggests the market is still repricing 'core AI interconnect assets'; if it rallies then pulls back, short-term call buyers could face simultaneous pressure from share price retracement and declining implied volatility. $Broadcom (AVGO.US)$ The stock rose 2.67% in pre-market trading. The immediate catalyst stems from the ongoing spread of investor interest along the AI ASIC and networking chip themes—after MRVL’s surge, capital naturally refocuses on Broadcom, a larger player in custom AI chips with a more established customer base. Meanwhile, Broadcom is in its pre-earnings quiet period, with results due after market close tonight...
$Broadcom (AVGO.US)$ The stock rose 2.67% in pre-market trading. The immediate catalyst stems from the ongoing spread of investor interest along the AI ASIC and networking chip themes—after MRVL’s surge, capital naturally refocuses on Broadcom, a larger player in custom AI chips with a more established customer base.
Meanwhile, Broadcom is in its pre-earnings quiet period and will report earnings after market close tonight. Investors are watching whether its AI revenue growth, custom chip orders, and networking segment guidance can continue to justify its current valuation.
From an options perspective,Current options signals show extreme bullish sentiment coupled with exceptionally high volatility premiums,The put/call ratio has sharply declined over the past three trading days to a range of 0.43–0.51, reflecting a rapid shift from relatively neutral sentiment in late May to extreme bullishness. Implied volatility ahead of earnings is typically elevated, significantly increasing the cost of buying calls outright. The options market is pricing in an expected move of ±8.73% around this earnings announcement.
Today's Options Opportunity Preview From today's US pre-market activity, the trading focus within the AI hardware chain continues shifting from GPUs toward custom chips, networking interconnects, and optical communications. $Marvell Technology (MRVL.US)$ After surging 32% overnight, the stock rose another 12% in today’s pre-market. The most immediate catalyst was NVIDIA CEO Jensen Huang’s public endorsement of Marvell Technology, which the market interpreted as reaffirmation of its status as a core AI infrastructure supplier. Marvell is not just an ordinary chip company—its core value lies in custom AI chips, switching chips, DSPs, and high-speed optical interconnects, all of which align precisely with the next-phase demand for AI data centers as they evolve from 'stacking GPUs' to 'large-scale cluster interconnectivity.' Following two consecutive days of sharp gains in MRVL, the options market will likely see call-side chasing and elevated implied volatility. Today’s key watchpoint is whether the stock can open with strong volume and hold its high ground. If it gaps up and continues robust turnover, it suggests the market is still repricing 'core AI interconnect assets'; if it rallies then pulls back, short-term call buyers could face simultaneous pressure from share price retracement and declining implied volatility. $Broadcom (AVGO.US)$ The stock rose 2.67% in pre-market trading. The immediate catalyst stems from the ongoing spread of investor interest along the AI ASIC and networking chip themes—after MRVL’s surge, capital naturally refocuses on Broadcom, a larger player in custom AI chips with a more established customer base. Meanwhile, Broadcom is in its pre-earnings quiet period, with results due after market close tonight...
Options Market Recap
Index Options
On June 2 (Eastern Time), U.S. equity index options volume increased, with a total of 5.17 million contracts traded. The put/call volume ratio rose to 1.01.
As the upcoming expiration date approaches, $S&P 500 Index (.SPX.US)$ Options volume distribution shows the following characteristics: peak put volume occurred at the 7,610 strike, while peak call volume was at the 7,650 strike.
Today's Options Opportunity Preview From today's US pre-market activity, the trading focus within the AI hardware chain continues shifting from GPUs toward custom chips, networking interconnects, and optical communications. $Marvell Technology (MRVL.US)$ After surging 32% overnight, the stock rose another 12% in today’s pre-market. The most immediate catalyst was NVIDIA CEO Jensen Huang’s public endorsement of Marvell Technology, which the market interpreted as reaffirmation of its status as a core AI infrastructure supplier. Marvell is not just an ordinary chip company—its core value lies in custom AI chips, switching chips, DSPs, and high-speed optical interconnects, all of which align precisely with the next-phase demand for AI data centers as they evolve from 'stacking GPUs' to 'large-scale cluster interconnectivity.' Following two consecutive days of sharp gains in MRVL, the options market will likely see call-side chasing and elevated implied volatility. Today’s key watchpoint is whether the stock can open with strong volume and hold its high ground. If it gaps up and continues robust turnover, it suggests the market is still repricing 'core AI interconnect assets'; if it rallies then pulls back, short-term call buyers could face simultaneous pressure from share price retracement and declining implied volatility. $Broadcom (AVGO.US)$ The stock rose 2.67% in pre-market trading. The immediate catalyst stems from the ongoing spread of investor interest along the AI ASIC and networking chip themes—after MRVL’s surge, capital naturally refocuses on Broadcom, a larger player in custom AI chips with a more established customer base. Meanwhile, Broadcom is in its pre-earnings quiet period, with results due after market close tonight...
Single Stock Options
$Nokia Oyj (NOK.US)$ Rose 3.69%, with 614,500 options contracts traded, and the put/call volume ratio rose to 0.30. Nokia's share price climbed 9.5% after launching a 199-yuan WeChat-enabled feature phone and securing a $1 billion investment from NVIDIA.
Today's Options Opportunity Preview From today's US pre-market activity, the trading focus within the AI hardware chain continues shifting from GPUs toward custom chips, networking interconnects, and optical communications. $Marvell Technology (MRVL.US)$ After surging 32% overnight, the stock rose another 12% in today’s pre-market. The most immediate catalyst was NVIDIA CEO Jensen Huang’s public endorsement of Marvell Technology, which the market interpreted as reaffirmation of its status as a core AI infrastructure supplier. Marvell is not just an ordinary chip company—its core value lies in custom AI chips, switching chips, DSPs, and high-speed optical interconnects, all of which align precisely with the next-phase demand for AI data centers as they evolve from 'stacking GPUs' to 'large-scale cluster interconnectivity.' Following two consecutive days of sharp gains in MRVL, the options market will likely see call-side chasing and elevated implied volatility. Today’s key watchpoint is whether the stock can open with strong volume and hold its high ground. If it gaps up and continues robust turnover, it suggests the market is still repricing 'core AI interconnect assets'; if it rallies then pulls back, short-term call buyers could face simultaneous pressure from share price retracement and declining implied volatility. $Broadcom (AVGO.US)$ The stock rose 2.67% in pre-market trading. The immediate catalyst stems from the ongoing spread of investor interest along the AI ASIC and networking chip themes—after MRVL’s surge, capital naturally refocuses on Broadcom, a larger player in custom AI chips with a more established customer base. Meanwhile, Broadcom is in its pre-earnings quiet period, with results due after market close tonight...
$Strategy (MSTR.US)$ Fell 9.15%, with 617,100 options contracts traded, and the put/call volume ratio rose to 1.39. Strategy disclosed for the first time that it has been selling Bitcoin since 2022, causing its stock to plunge more than 10%.
Today's Options Opportunity Preview From today's US pre-market activity, the trading focus within the AI hardware chain continues shifting from GPUs toward custom chips, networking interconnects, and optical communications. $Marvell Technology (MRVL.US)$ After surging 32% overnight, the stock rose another 12% in today’s pre-market. The most immediate catalyst was NVIDIA CEO Jensen Huang’s public endorsement of Marvell Technology, which the market interpreted as reaffirmation of its status as a core AI infrastructure supplier. Marvell is not just an ordinary chip company—its core value lies in custom AI chips, switching chips, DSPs, and high-speed optical interconnects, all of which align precisely with the next-phase demand for AI data centers as they evolve from 'stacking GPUs' to 'large-scale cluster interconnectivity.' Following two consecutive days of sharp gains in MRVL, the options market will likely see call-side chasing and elevated implied volatility. Today’s key watchpoint is whether the stock can open with strong volume and hold its high ground. If it gaps up and continues robust turnover, it suggests the market is still repricing 'core AI interconnect assets'; if it rallies then pulls back, short-term call buyers could face simultaneous pressure from share price retracement and declining implied volatility. $Broadcom (AVGO.US)$ The stock rose 2.67% in pre-market trading. The immediate catalyst stems from the ongoing spread of investor interest along the AI ASIC and networking chip themes—after MRVL’s surge, capital naturally refocuses on Broadcom, a larger player in custom AI chips with a more established customer base. Meanwhile, Broadcom is in its pre-earnings quiet period, with results due after market close tonight...
Top list of options trading volume
Among the top 10 stocks by options trading volume,$Strategy (MSTR.US)$It recorded the highest put/call volume ratio at 1.39.
Today's Options Opportunity Preview From today's US pre-market activity, the trading focus within the AI hardware chain continues shifting from GPUs toward custom chips, networking interconnects, and optical communications. $Marvell Technology (MRVL.US)$ After surging 32% overnight, the stock rose another 12% in today’s pre-market. The most immediate catalyst was NVIDIA CEO Jensen Huang’s public endorsement of Marvell Technology, which the market interpreted as reaffirmation of its status as a core AI infrastructure supplier. Marvell is not just an ordinary chip company—its core value lies in custom AI chips, switching chips, DSPs, and high-speed optical interconnects, all of which align precisely with the next-phase demand for AI data centers as they evolve from 'stacking GPUs' to 'large-scale cluster interconnectivity.' Following two consecutive days of sharp gains in MRVL, the options market will likely see call-side chasing and elevated implied volatility. Today’s key watchpoint is whether the stock can open with strong volume and hold its high ground. If it gaps up and continues robust turnover, it suggests the market is still repricing 'core AI interconnect assets'; if it rallies then pulls back, short-term call buyers could face simultaneous pressure from share price retracement and declining implied volatility. $Broadcom (AVGO.US)$ The stock rose 2.67% in pre-market trading. The immediate catalyst stems from the ongoing spread of investor interest along the AI ASIC and networking chip themes—after MRVL’s surge, capital naturally refocuses on Broadcom, a larger player in custom AI chips with a more established customer base. Meanwhile, Broadcom is in its pre-earnings quiet period, with results due after market close tonight...
The highest put/call open interest ratio is $Intel (INTC.US)$ Reached 1.05. Intel unveiled new AI infrastructure products at Computex 2026, including rack-level AI infrastructure and Xeon 6+ processors.
Today's Options Opportunity Preview From today's US pre-market activity, the trading focus within the AI hardware chain continues shifting from GPUs toward custom chips, networking interconnects, and optical communications. $Marvell Technology (MRVL.US)$ After surging 32% overnight, the stock rose another 12% in today’s pre-market. The most immediate catalyst was NVIDIA CEO Jensen Huang’s public endorsement of Marvell Technology, which the market interpreted as reaffirmation of its status as a core AI infrastructure supplier. Marvell is not just an ordinary chip company—its core value lies in custom AI chips, switching chips, DSPs, and high-speed optical interconnects, all of which align precisely with the next-phase demand for AI data centers as they evolve from 'stacking GPUs' to 'large-scale cluster interconnectivity.' Following two consecutive days of sharp gains in MRVL, the options market will likely see call-side chasing and elevated implied volatility. Today’s key watchpoint is whether the stock can open with strong volume and hold its high ground. If it gaps up and continues robust turnover, it suggests the market is still repricing 'core AI interconnect assets'; if it rallies then pulls back, short-term call buyers could face simultaneous pressure from share price retracement and declining implied volatility. $Broadcom (AVGO.US)$ The stock rose 2.67% in pre-market trading. The immediate catalyst stems from the ongoing spread of investor interest along the AI ASIC and networking chip themes—after MRVL’s surge, capital naturally refocuses on Broadcom, a larger player in custom AI chips with a more established customer base. Meanwhile, Broadcom is in its pre-earnings quiet period, with results due after market close tonight...
Implied volatility rankings (underlying market cap > $10 billion and options trading volume > 100,000)
$T1 Energy (TE.US)$Implied volatilityThe highest level reached 155.93%, down 1.37% from the previous trading day. Trina Solar, a Chinese shareholder of T1 Energy, sold $190 million worth of shares, reducing its stake to 10%.
Today's Options Opportunity Preview From today's US pre-market activity, the trading focus within the AI hardware chain continues shifting from GPUs toward custom chips, networking interconnects, and optical communications. $Marvell Technology (MRVL.US)$ After surging 32% overnight, the stock rose another 12% in today’s pre-market. The most immediate catalyst was NVIDIA CEO Jensen Huang’s public endorsement of Marvell Technology, which the market interpreted as reaffirmation of its status as a core AI infrastructure supplier. Marvell is not just an ordinary chip company—its core value lies in custom AI chips, switching chips, DSPs, and high-speed optical interconnects, all of which align precisely with the next-phase demand for AI data centers as they evolve from 'stacking GPUs' to 'large-scale cluster interconnectivity.' Following two consecutive days of sharp gains in MRVL, the options market will likely see call-side chasing and elevated implied volatility. Today’s key watchpoint is whether the stock can open with strong volume and hold its high ground. If it gaps up and continues robust turnover, it suggests the market is still repricing 'core AI interconnect assets'; if it rallies then pulls back, short-term call buyers could face simultaneous pressure from share price retracement and declining implied volatility. $Broadcom (AVGO.US)$ The stock rose 2.67% in pre-market trading. The immediate catalyst stems from the ongoing spread of investor interest along the AI ASIC and networking chip themes—after MRVL’s surge, capital naturally refocuses on Broadcom, a larger player in custom AI chips with a more established customer base. Meanwhile, Broadcom is in its pre-earnings quiet period, with results due after market close tonight...
$NuScale Power (SMR.US)$Implied volatility rose the most, reaching 123.81%, up 14.64% from the previous trading day. NuScale Power appointed Stuart Harshaw and Dale Klein as new board members.
Today's Options Opportunity Preview From today's US pre-market activity, the trading focus within the AI hardware chain continues shifting from GPUs toward custom chips, networking interconnects, and optical communications. $Marvell Technology (MRVL.US)$ After surging 32% overnight, the stock rose another 12% in today’s pre-market. The most immediate catalyst was NVIDIA CEO Jensen Huang’s public endorsement of Marvell Technology, which the market interpreted as reaffirmation of its status as a core AI infrastructure supplier. Marvell is not just an ordinary chip company—its core value lies in custom AI chips, switching chips, DSPs, and high-speed optical interconnects, all of which align precisely with the next-phase demand for AI data centers as they evolve from 'stacking GPUs' to 'large-scale cluster interconnectivity.' Following two consecutive days of sharp gains in MRVL, the options market will likely see call-side chasing and elevated implied volatility. Today’s key watchpoint is whether the stock can open with strong volume and hold its high ground. If it gaps up and continues robust turnover, it suggests the market is still repricing 'core AI interconnect assets'; if it rallies then pulls back, short-term call buyers could face simultaneous pressure from share price retracement and declining implied volatility. $Broadcom (AVGO.US)$ The stock rose 2.67% in pre-market trading. The immediate catalyst stems from the ongoing spread of investor interest along the AI ASIC and networking chip themes—after MRVL’s surge, capital naturally refocuses on Broadcom, a larger player in custom AI chips with a more established customer base. Meanwhile, Broadcom is in its pre-earnings quiet period, with results due after market close tonight...
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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