Options Market Statistics | Palantir Down 6.55%, UK parliament flags vulnerability in public sector expansion

by Monta HONG, CFA | Options Strategist

Index Options

EST June 3, U.S. index options volume edged higher, totaling 5.93M contracts. The put/call ratio went up to 1.02. A mild but notable shift toward protection buying as equities faced broad selling pressure.

For $S&P 500 Index (.SPX.US)$ options expiring on next trading session, the gamma exposure map shows a call wall at 7,550, put wall at 7,500, and gamma flip at 7,561. SPX closed at 7,553.68, just above the call wall but below the gamma flip, placing dealers in short-gamma territory. Dealers must now amplify moves in both directions: rallies get sold, selloffs get pressed. The 7,550 call wall is the immediate line in the sand; a clean hold attracts mechanical dealer buying, but a break below opens the path toward the 7,500 put wall.

Single Stocks Options

$Intel (INTC.US)$ closed up 4.43%, with 730.70K option contracts traded; the put/call ratio declined to 0.29. Intel CEO Lip-Bu Tan said other CEOs have been calling him asking for more CPUs in the past four weeks, highlighting surging CPU demand in the Agentic AI era. The ultra-low put/call ratio signals strong directional conviction from the options market.

$Palantir (PLTR.US)$ closed down 6.55%, with 622.60K option contracts traded; the put/call ratio declined to 0.47. Palantir shares plunge as UK parliamentary committee calls company's expanded role in public sector an "unacceptable vulnerability". The IV discount to HV makes this an efficient window for protection buyers, puts are inexpensive relative to what Palantir has actually been moving.

Top 10 Stocks With Highest Daily Options Volume

Among the top 10 stocks by options volume, $Tesla (TSLA.US)$ has the highest put/call trading volume ratio at 0.51. Balanced but modestly put-tilted, reflecting continued directional uncertainty with no clear consensus.

The highest put/call open interest ratio is $Intel (INTC.US)$ at 1.03.

Top 10 Stocks With Highest Implied Volatility

$POET Technologies (POET.US)$ has the highest implied volatility at 149.49%, up 8.24% from the previous session. POET Technologies gains attention on AI photonics infrastructure concept with active options trading, while Sanan Optoelectronics subsidiary provides optical chips to the company. Directional spreads remain more practical than outright premium-selling here.

$IREN Ltd (IREN.US)$ implied volatility rose the most, reaching 132.24%, up 14.84% from the previous session. IREN signs transmission connection agreement for 800MW data center campus in Australia. Implied volatility now trades at a premium to realized — the IV overhang makes covered calls an attractive income overlay for existing holders looking to monetize the news-driven spike.

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.

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