Daily Options Outlook | Intel surged over 30% in after-hours trading, with CPU stocks showing strong momentum; Palantir fell 7.24%, securing a $300 million contract from the US Department of Agriculture but weighed down by the decline in the software sector

Today's Options Opportunity Preview

At the individual stock level,$Intel (INTC.US)$ After reporting better-than-expected earnings, shares surged as much as 30%, driving up CPU stocks $Advanced Micro Devices (AMD.US)$ 、 $Arm Holdings (ARM.US)$ This sharp rise is mainly attributed to the undersupply of CPUs amid AI Agent development and stronger-than-expected earnings results leading to realized expectations.

In terms of options signals: High IV bets on volatility before earnings, with implied volatility (IV) at 78.36%, near historically high levels (97th percentile IV); the Put/Call Ratio stands at 0.96, indicating active bearish protection or speculative trading.

In addition,Semiconductor stocks rose collectively， $Marvell Technology (MRVL.US)$ Up 4.19% pre-market, $Micron Technology (MU.US)$ Up 1.47% pre-market. The options market shows MRVL's Put/Call Ratio at 0.65, with IV at the 90th percentile, reflecting market expectations for bullish option plays anticipating further upside.

Review of yesterday’s options

Index Options

On April 23 Eastern Time, trading volume in the US index options market increased, with a total of 6.31 million contracts traded. The put/call ratio rose to 1.19.

As the upcoming expiration date approaches,$S&P 500 Index (.SPX.US)$ The distribution of options trading volume showed the following characteristics: the peak trading volume for put options was at 6,950 points, and the peak for call options was at 7,200 points.

Single Stock Options

$Intel (INTC.US)$Intel closed up 2.31%, with 923,200 options contracts traded, and the put/call ratio rose to 1.23. Intel’s Q1 revenue of $13.6 billion exceeded expectations, driven by strong AI-related CPU demand, and its share price surged 19% after hours.

$Palantir (PLTR.US)$Palantir closed down 7.24%, with 676,300 options contracts traded, and the put/call ratio rose to 0.69. Palantir secured a $300 million contract with the US Department of Agriculture but saw its share price decline due to an overall downturn in the software sector.

Top list of options trading volume

Among the top 10 stocks by options trading volume,$Intel (INTC.US)$The put/call ratio reached its highest level at 1.23.

The highest put/call open interest ratio is$Micron Technology (MU.US)$The ratio reached 1.16. Micron Technology benefited from an AI-driven shortage of memory chips, with its share price near a 52-week high.

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

$Avis Budget (CAR.US)$Implied VolatilityImplied volatility reached its highest level at 178.34%, declining 19.70% from the previous trading day. Avis Budget Group shares plummeted 63% for two consecutive days, and JPMorgan downgraded its rating to 'Underweight.'

$Lucid Group (LCID.US)$Implied volatility increased the most, reaching 142.75%, rising 20.09% from the previous trading day. Uber Technologies disclosed a 11.52% stake in Lucid Group, deepening their strategic partnership and signing a procurement agreement for at least 35,000 vehicles.

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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