Index Options
EST May 29, U.S. index options volume edged higher, totaling 6.67M contracts. The put/call ratio went down to 0.84.

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
$Super Micro Computer (SMCI.US)$ closed up 11.60%, with 923.80K option contracts traded; the put/call ratio climbed to 0.22. Super Micro Computer surged 11.6% driven by Dell's strong AI server performance.

$Intel (INTC.US)$ closed down 5.14%, with 847.60K option contracts traded; the put/call ratio climbed to 0.60. Intel and 3DGS to invest $3.3 billion in substrate manufacturing plant in India's Odisha state.

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 0.91. Micron Technology's market cap surpasses $1 trillion, marking a new milestone for the memory chip industry.

Top 10 Stocks With Highest Implied Volatility
$Sellas Life Sciences (SLS.US)$ has the highest implied volatility at 194.29%, up 2.86% from the previous session. Sellas Life Sciences CEO highlights GPS therapy potential for elderly AML patients as stock rises for fifth consecutive week.
$AST SpaceMobile (ASTS.US)$ implied volatility rose the most, reaching 124.32%, up 4.79% from the previous session. Deutsche Bank downgrades AST SpaceMobile from Buy to Hold with price target cut to $106 from $117, while Blue Origin rocket explosion causes stock to plunge 18.5%.

Disclaimer: Options trading entails significant risk and is not appropriate for all customers. It is important that investors read the Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Opening new options positions close to or on their expiration date comes with substantial risk of losses for reasons that include potential volatility of the underlying security and limited time to expiration. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period. Certain complex option strategies carry additional risk, including potential losses that may exceed the original investment amount. If applicable, supporting documentation for any claims will be furnished upon request.
Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty.Read more
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