Options Market Statistics | IREN Ltd Up 13.48%, signs $1.6B purchase agreement with Dell for Nvidia Blackwell

Index Options

EST May 27, U.S. index options volume declined, totaling 4.74M contracts. The put/call ratio went down to 1.09. Quieter volume reflects a market in wait-and-see mode ahead of key macro catalysts. Hedging demand is gradually unwinding. Fear is fading, not flaring.

For $S&P 500 Index (.SPX.US)$ options expiring on next trading session, gamma exposure distribution: put wall at 7,475, call wall at 7,530 and gamma flip at 7,502. The flip sits near the midpoint of the range and it's a tightly compressed zone that gives dealers little room to lean. Above 7,502, dealers buy dips (supportive); below 7,502, dealers sell rallies (destabilizing).

Single Stocks Options

$IREN Ltd (IREN.US)$ closed up 13.48%, with 718.90K option contracts traded; the put/call ratio climbed to 0.51. IREN signs $1.6 billion purchase agreement with Dell for Nvidia Blackwell systems. The bullish options flow aligns with the move.

$Nokia Oyj (NOK.US)$ closed down 4.74%, with 523.30K option contracts traded; the put/call ratio declined to 0.25. Nokia launches AI networking innovation lab and receives FCC approval.

Top 10 Stocks With Highest Daily Options Volume

Among the top 10 stocks by options volume, $Micron Technology (MU.US)$ has the highest put/call trading volume ratio at 0.66. Barclays raises Micron Technology price target from $675 to $1,175, maintains buy rating.

The highest put/call open interest ratio is $Micron Technology (MU.US)$ at 1.29.

Despite two consecutive sessions of bullish daily flow (0.80 → 0.66), the overall OI remains put-heavy. Legacy bearish hedges are still on the books. As those puts roll off or expire worthless, the resulting unwind could add structural upside pressure, a slow-burning squeeze mechanism beneath the surface.

Top 10 Stocks With Highest Implied Volatility

$T1 Energy (TE.US)$ has the highest implied volatility at 186.21%, up 14.09% from the previous session. Major shareholder Trina Solar sells $190 million worth of stock amid short-seller allegations. High IV means option buyers are paying heavily for directional bets.

$AST SpaceMobile (ASTS.US)$ implied volatility rose the most, reaching 122.03%, up 25.64% from the previous session. AST SpaceMobile executive Scott Wisniewski plans to sell 25,900 shares worth approximately $3.28 million.

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