Daily Options Tracker | Intel extends new highs; Micron Technology surged 15.49% last Friday driven by HBM chip shortages; Circle to release earnings tonight

Today's Options Opportunity Preview

On the individual stock level， $Intel (INTC.US)$ Continued to hit new highs, with pre-market gains exceeding 6%. SK Hynix may collaborate with Intel to implement the EMIB packaging technology. Judging from options signals, INTC's put/call ratio reached 0.83, implied volatility (IV) hit 95.48%, and IV percentile is at 100%, indicating that even after earnings release, market investors still expect significant fluctuations in the stock price.

AI-related hardware continues its strong momentum, storage $Micron Technology (MU.US)$ Up 2.34% pre-market; optical communication $Lumentum (LITE.US)$ Up 4.87% pre-market. Judging from options signals, LITE’s put/call ratio hit 1.04, reflecting market concerns about potential share price pullbacks and hedging expectations.

$Circle (CRCL.US)$ Pre-market earnings release upcoming, with shares already rising 8.3% pre-market. Options signals show Circle's put/call ratio at 0.55, with most investors buying call options to bet on further share price increases.

Previous trading day's options review

Index Options

On May 8 Eastern Time, trading volume in the US index options market fell, with a total of 5.37 million contracts traded. The put/call ratio declined to 1.03.

Single Stock Options

$Micron Technology (MU.US)$Closed up 15.49%, with 1.5897 million options contracts traded, and the put/call volume ratio dropped to 0.74. Micron Technology surged 38% in a week, surpassing a market cap of $840 billion, benefiting from global shortages of HBM memory chips and surging demand for AI data centers.

$Microsoft (MSFT.US)$The market closed down 1.34%, with 679,100 options contracts traded, and the put/call volume ratio rose to 0.44. Hedge fund TCI significantly reduced its Microsoft position from 10% of its investment portfolio to 1%, citing concerns that AI poses a threat to software products.

Top list of options trading volume

Among the top 10 stocks by options trading volume,$Intel (INTC.US)$The highest put/call volume ratio reached 0.83. Intel has reached a preliminary agreement with Apple to manufacture chips for some Apple devices.

The highest put/call open interest ratio is$Micron Technology (MU.US)$Reaching 1.20.

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

$Rackspace Technology (RXT.US)$Implied volatilityThe implied volatility was the highest, reaching 174.28%, representing a decrease of 0.47% from the previous trading day. Rackspace Technology signed a memorandum of cooperation with AMD to jointly develop enterprise AI infrastructure while announcing better-than-expected first-quarter revenue.

$Navitas Semiconductor (NVTS.US)$The implied volatility increased the most, reaching 136.50%, up 18.33% from the previous trading day. Needham analysts raised their target price for Navitas Semiconductor from $13 to $21 and maintained a buy rating.

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 priceto enhance attractiveness, identify potential mispricing, 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。

484K Views