Options Market Statistics | Ondas Up 22.69%, Trump administration in drone funding talks

Index Options

EST May 28, U.S. index options volume edged higher, totaling 5.50M contracts. The put/call ratio went down to 1.08. Hedging hasn't disappeared, it's just stopped expanding.

For $S&P 500 Index (.SPX.US)$ options expiring on next trading session, gamma exposure distribution: put wall at 7,550, call wall at 7,600. The call wall at 7,600 acts as the near-term ceiling. A break above it would force dealers to cover shorts and could accelerate the move.

Single Stocks Options

$Dell Technologies (DELL.US)$ drew outsized options activity ahead of its earnings release, with large call blocks printed across near-term strikes — an aggressive pre-earnings positioning that paid off. Dell surged 39% in after-hours trading, driven by strong AI server demand and a beat on guidance. The flow read the print correctly.

$Ondas (ONDS.US)$ closed up 22.69%, with 923.60K option contracts traded; the put/call ratio climbed to 0.23, a strongly call-skewed print. Trump administration reportedly in funding talks with drone companies.

$Strategy (MSTR.US)$ closed down 1.66%, with 733.10K option contracts traded; the put/call ratio declined to 0.36. Strategy completes $1.5 billion debt repurchase and announces plans to buy $14 billion worth of Bitcoin.

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 0.95. Micron Technology surged 77% in May for its biggest monthly gain since 1987, with analysts raising price target to $1,500.

The highest put/call open interest ratio is $Micron Technology (MU.US)$ at 1.28.

Three consecutive sessions of elevated put flow against a ripping underlying is a structural tension: either the hedges are right and the move is exhausted, or they roll off worthless and provide an unwind-driven squeeze.

Top 10 Stocks With Highest Implied Volatility

$T1 Energy (TE.US)$ has the highest implied volatility at 169.01%, down 9.23% from the previous session.

$Red Cat Holdings (RCAT.US)$ implied volatility rose the most, reaching 123.76%, up 15.54% from the previous session. Red Cat Holdings surged 28% on reports of Trump administration funding talks for drone companies, while its maritime division Blue Ops launched full production of the Variant 7 uncrewed surface vessel.

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