Daily Options Outlook | Netflix's weak guidance triggers sharp pre-market drop; AMD surged yesterday, with Call options up over 1500%

I. Today's Options Opportunities Outlook

Cloud computing and software sectors continue to show strength in pre-market trading $Oracle (ORCL.US)$ Up 1.76% in pre-market trading (as of this writing)，Oracle and AWS announced an expanded multi-cloud collaboration, establishing enterprise-grade private connections by integrating OCI with AWS interconnection products. Market expectations for accelerated growth in their AI database and cloud businesses continue to strengthen. Option signals indicate that the technical picture is severely overbought while overall trading sentiment in the options market leans bullish. Implied volatility remains high, and the options market pricing already reflects elevated volatility expectations, increasing the risks of short-term directional trades.

The CPU computing power trend continues to unfold, with the latest catalyst coming from AMD securing a custom chip order from AnthropicThis further reinforces the market’s reassessment of CPU value in the AI era. Previously, the focus was more on GPUs, but recently capital has started to reevaluate the role of x86 CPUs in AI inference, enterprise deployment, and heterogeneous computing systems, which is an important backdrop for the sector’s ongoing strength.

$Advanced Micro Devices (AMD.US)$ Down 0.60% in pre-market trading (as of this writing), slightly retreating from the previous close of $278.26. Considering yesterday's single-day surge, 7.8%, the current pre-market pullback reflects consolidation at highs rather than a reversal of fundamentals. At this stage, the market’s trading narrative around its order capacity, product roadmap, and AI computing demand overflow remains unchanged. While short-term volatility pressure exists due to recent gains, the mid-term story remains intact, with future focus still on order fulfillment and further upward revisions to earnings expectations.

Looking at the call options expiring on April 17, the highest trading volume was for the call option with a strike price of $280, showing a gain of 1,518%.

$Netflix (NFLX.US)$ Facing individual stock risk events, the strength of support after the opening is worth closely monitoring. The company’s Q2 revenue guidance fell below expectations, and the departure of co-founder Reed Hastings from the board has raised some concerns about the company’s growth trajectory and governance stability. Pre-market, NFLX fell 9.86% (as of press time). For this stock, attention will be on whether it can effectively hold support near $97 after the opening. If there is insufficient support post-opening, the market may further lower its near-term fundamental expectations.

II. Review of yesterday's options market

Index Options

On April 16 Eastern Time, trading volume in the US index options market rose, with a total of 7.45 million contracts traded. The put/call ratio fell to 0.83.

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 7,010 points, and the peak trading volume of call options is at 7,080 points.

Single Stock Options

$Advanced Micro Devices (AMD.US)$It closed up 7.80%, with 1.3264 million options contracts traded, and the put/call volume ratio dropped to 0.49.

$Apple (AAPL.US)$It closed down 1.14%, with 1.2051 million options contracts traded, and the put/call volume ratio rose to 0.33. Apple faces supply chain challenges as TSMC shifts capacity toward AI chips.

Top list of options trading volume

Among the top 10 stocks by options trading volume,$Tesla (TSLA.US)$The put/call volume ratio reached its highest level at 0.73. Tesla and SpaceX have jointly established Terafab, a chip manufacturing enterprise, and are actively purchasing semiconductor equipment.

Implied volatility rankings (underlying market cap > $10 billion and options trading volume > 100,000)

$Navitas Semiconductor (NVTS.US)$Implied VolatilityIt reached a high of 124.36%, increasing by 7.36% from the previous trading day. Navitas Semiconductor appointed former Broadcom executive Gregory Fischer as a board member and announced that it will release its Q1 earnings on May 5.

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 priceattractiveness, identify potential mispricings, 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。

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