Index Options
On March 25 Eastern Time, trading volume in the US index options market declined, with a total of 5.8 million contracts traded. The put/call ratio increased to 1.06.

Single Stock Options
$Advanced Micro Devices (AMD.US)$The market closed up 7.26%, with 783,800 options contracts traded, and the put/call volume ratio dropped to 0.93. AMD and Intel plan to raise CPU prices due to a shortage of AI chip supplies.

Observe the call options expiring this Friday, with the highest gain reaching 399 times.

Monitor large unusual options trades, where major investors show significant divergence between bullish and bearish positions.

$Micron Technology (MU.US)$The market closed down 3.40%, with 649,200 options contracts traded, and the put/call volume ratio dropped to 0.65. Micron announced a cash tender offer totaling $5.4 billion for six series of senior bonds.

Observing large abnormal options trades, major players are predominantly bearish.

Options Volume Leaderboard
Among the top 10 stocks by options trading volume,$Advanced Micro Devices (AMD.US)$The put/call volume ratio reached a high of 0.93.


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)
$Ondas (ONDS.US)$Implied volatility reached a high of 107.36%, down 3.04% from the previous trading day. Ondas reported record Q4 revenue of $30.1 million, a year-over-year increase of 629%, and significantly raised its 2026 revenue guidance to $375 million.

$JetBlue Airways (JBLU.US)$Implied volatility increased the most, reaching 93.45%, up 6.50% from the previous trading day. JetBlue hired advisors to assess the feasibility of selling to competitors.

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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