AMD and Meta have joined forces to secure a major chip order
Index Options
On February 24 Eastern Time, trading volume in the U.S. stock index options market declined, with a total of 5.42 million contracts traded. The put/call ratio fell to 1.04.

As the upcoming expiration date approaches,$S&P 500 Index (.SPX.US)$ The distribution of options trading volume shows the following characteristics: the peak trading volume of put options is at 6,700 points, and the peak trading volume of call options is at 6,980 points.

Single Stock Options
$Advanced Micro Devices (AMD.US)$Closing up 8.77%, with 1.0891 million options contracts traded, the put/call volume ratio rose to 1.12. AMD signed a maximum $60 billion AI chip supply agreement with Meta and received 160 million stock warrants.

Observing unusual large options orders, multiple contracts surged more than ninefold.

$Palantir (PLTR.US)$Closing down 1.35%, with 435,400 options contracts traded, the put/call volume ratio fell to 0.80. Palantir's share price dropped 35% amid governance concerns and competitive pressures in AI.

Observing unusual large options orders, major investors showed optimism just before market close.

Options Volume Leaderboard
The highest put/call open interest ratio is$Micron Technology (MU.US)$Reaching 1.26. Massive procurement of memory by AI giants caused prices to surge over 50%, benefiting memory manufacturers like Micron due to tight supply.

Top 10 US stock options by trading volume

Top 10 US ETFs by options trading volume

Implied volatility leaderboard (underlying market cap > $10 billion and option volume > 100,000)
$ImmunityBio (IBRX.US)$Implied volatility was the highest, reaching 170.08%, increasing by 7.17% from the previous trading day. ImmunityBio's fourth-quarter results exceeded expectations, with ANKTIVA revenue growing 700% year-on-year, and HC Wainwright raised its target price to $15.

Top 10 US stocks by options volatility (market cap > $10 billion and options trading volume > 100,000 contracts)

Top 10 US ETFs by implied volatility (market cap > $10 billion)

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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 at any time on or before a specific date. The price of an option is influenced by several 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 future volatility of an option over a certain period. It is data derived inversely from the BS option pricing model and is generally considered an indicator of market sentiment. When investors anticipate higher volatility, they may be willing to pay more for options to hedge risks, resulting in higher implied volatility.
Traders and investors use implied volatility to assess the attractiveness of option prices, identify potential mispricing, and manage risk exposure.
Disclaimer
This content does not constitute any offer, solicitation, recommendation, opinion, or guarantee for 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 prevent these orders from being executed. You might 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. Option trading involves extremely high risks and is not suitable for all investors. Investors should read carefully before engaging in any options trading strategy.Characteristics and Risks of Standardized Options。
This content does not constitute any offer, solicitation, recommendation, opinion, or guarantee for 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 prevent these orders from being executed. You might 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. Option trading involves extremely high risks and is not suitable for all investors. Investors should read carefully before engaging in any options trading strategy.Characteristics and Risks of Standardized Options。
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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