Options Plaza: SpaceX options debut on Tuesday! Can they give the stock another boost?
Index Options
On January 9 EST, the trading volume in the US index options market rose, with a total of 5.26 million contracts traded. The put/call ratio fell to 1.00.

Ahead of the upcoming expiration date,$S&P 500 Index (.SPX.US)$ The distribution of options trading volume showed the following characteristics: peak put option volume at 6890 points, and peak call option volume at 6970 points.

Single Stock Options
$Opendoor Technologies (OPEN.US)$Shares closed up 13.37%, with 820,900 options contracts traded, and the put/call volume ratio dropped to 0.18. Trump announced that the government will purchase $2 trillion in mortgage bonds to lower mortgage rates and monthly payments, driving real estate tech stocks like Opendoor up more than 13%. Company executives clarified that institutional investor bans have limited impact on their business.

$Strategy (MSTR.US)$Shares closed down 5.77%, with 1,137,800 options contracts traded, and the put/call volume ratio dropped to 0.58. Clear Street lowered Strategy's target price from $443 to $268 but maintained a buy rating, while Strategy purchased 1,286 Bitcoin in early January, bringing its total holdings to 673,783 BTC valued at $50.55 billion.

Options Trading Volume Leaderboard
Among the top 10 stocks by options trading volume,$Tesla (TSLA.US)$The put/call volume ratio reached its highest at 0.80. Musk's xAI company spent $7.8 billion from January to September on data center construction and talent recruitment. The California governor proposed a $200 million electric vehicle tax subsidy. NVIDIA's release of the Alpamayo autonomous driving technology raised concerns about competition with Tesla.

Monitoring unusual large option trades, major option investors were predominantly bearish just before the market close.

The highest put/call open interest ratio is$Netflix (NFLX.US)$, reaching 1.00. The chairman of Warner Bros. Discovery reaffirmed the commitment to the merger agreement with Netflix, stating that Netflix offers better value and shareholder protection, while rejecting a competitive offer from Paramount Global.

Monitoring unusual large option trades, major option investors were predominantly bearish just before the market close.

Top 10 Most Actively Traded US Stock Options

Top 10 US Stock ETF Options by Trading Volume

Implied volatility leaderboard (underlying market cap > $10 billion and option volume > 100,000)
$Ondas (ONDS.US)$The implied volatility reached its highest at 123.97%, down 2.90% from the previous trading day. Ondas Holdings completed a $1 billion stock and warrant offering priced at $16.45, a 17.5% premium, while also completing the acquisition of Israel's Sentry CS. The CEO will attend an investor meeting and plans to rename the company to Ondas Inc.

$Bloom Energy (BE.US)$The implied volatility increased the most, reaching 104.93%, up 6.54% from the previous trading day. Bloom Energy signed a solid oxide fuel cell procurement agreement worth approximately $2.65 billion with American Electric Power for data center power projects. Multiple analysts raised their target prices and issued positive ratings.

Top 10 most volatile US stock options (underlying market cap > $10 billion and option trading volume > 100,000 contracts)

Top 10 US Stock ETFs by Implied Volatility (Criteria: Market Cap > $100 billion)

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Risk Warning
An option is a contract that grants the holder the right, but not the obligation, to buy or sell an asset at a fixed price on a specific date or at any time before that date. The price of an option is influenced by various factors, including the current price of the underlying asset, the strike price, the time to expiration, andimplied volatility。
implied volatilityreflects the market's expectation of volatility in the option over a future period. It is data derived inversely from the Black-Scholes option pricing model and is generally considered an indicator of market sentiment. When investors anticipate higher volatility, they may be more willing to pay a higher price for options to help hedge risks, thereby leading to a higherimplied volatility。
Traders and investors useimplied volatilityto evaluateoption pricesthe attractiveness, identify potential mispricing, and manage risk exposure.
Disclaimer
This content does not constitute any offer, solicitation, recommendation, opinion, or guarantee regarding securities, financial products, or tools. The risk of loss in trading options can be substantial. In certain circumstances, the losses you incur may exceed the initial margin amount deposited. Even if you set contingent orders, such as “stop-loss” or “limit” orders, they may not prevent losses. Market conditions may render 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 remain responsible for any shortfall in your account resulting from such liquidation. Therefore, before engaging in 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 familiarize yourself with the procedures upon option exercise and expiration, as well as your rights and obligations upon option exercise and expiration.
Editor/Lee
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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