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Daily Options Outlook | Broadcom's sharp drop cools off the AI supply chain; Quantinuum debuts tonight, bringing a new player to quantum computing

Today's Options Opportunity Preview
$Broadcom (AVGO.US)$ The stock plunged sharply in pre-market trading, acting as today’s sentiment anchor for the AI chip supply chain,$NVIDIA (NVDA.US)$ 、 $Marvell Technology (MRVL.US)$ 、 $Advanced Micro Devices (AMD.US)$ leading other AI hardware names to pull back in tandem in the short term.
The company’s Q2 revenue and earnings were not weak—AI semiconductor revenue continued to grow at a rapid pace—but what disappointed the market was the lack of a meaningful upward revision to its AI revenue guidance. For a leading AI ASIC name that had seen substantial gains over recent months, investors had already priced in an exceptionally strong growth trajectory. Consequently, any near-term outlook from management that fails to significantly exceed expectations can easily trigger a valuation correction in the stock price.
On the options front, implied volatility typically drops quickly after earnings, but given the significant pre-market decline, short-term put activity may remain elevated.
Today's Options Opportunity Preview $Broadcom (AVGO.US)$ The stock plunged sharply in pre-market trading, acting as today’s sentiment anchor for the AI chip supply chain,$NVIDIA (NVDA.US)$ 、 $Marvell Technology (MRVL.US)$ 、 $Advanced Micro Devices (AMD.US)$ leading other AI hardware names to pull back in tandem in the short term. The company’s Q2 revenue and earnings were not weak—AI semiconductor revenue continued to grow at a rapid pace—but what disappointed the market was the lack of a meaningful upward revision to its AI revenue guidance. For a leading AI ASIC name that had seen substantial gains over recent months, investors had already priced in an exceptionally strong growth trajectory. Consequently, any near-term outlook from management that fails to significantly exceed expectations can easily trigger a valuation correction in the stock price. On the options front, implied volatility typically drops quickly after earnings, but given the significant pre-market decline, short-term put activity may remain elevated. $IonQ Inc (IONQ.US)$ 、 $D-Wave Quantum (QBTS.US)$ 、 $Rigetti Computing (RGTI.US)$Quantum computing-related stocks declined in pre-market trading, $Quantinuum (QNT.US)$ priced at $60, it will list on U.S. markets Thursday with a sizable offering, likely drawing some thematic capital toward the new listing in the short term, potentially pressuring already-listed quantum...
$IonQ Inc (IONQ.US)$ 、 $D-Wave Quantum (QBTS.US)$ 、 $Rigetti Computing (RGTI.US)$Quantum computing-related stocks declined in pre-market trading, $Quantinuum (QNT.US)$ priced at $60, will list on U.S. markets on Thursday with a sizable offering, which in the near term will draw some thematic capital toward the new issue itself, putting pressure on existing listed quantum computing names due to capital diversion.
The quantum computing sector has historically exhibited high volatility, with valuations driven more by thematic sentiment and capital flows. As such, IPO windows often amplify divergence within the sector. If QNT performs strongly post-listing, the sector may initially face pressure before recovering; if QNT opens high but then sells off, overall risk appetite for quantum computing could suffer a more pronounced hit.
Review of yesterday's options market
Index Options
On June 3 (Eastern Time), trading volume in the U.S. equity index options market rose, with a total of 5.93 million contracts traded. The put/call volume ratio increased to 1.02.
As the upcoming expiration date approaches, $S&P 500 Index (.SPX.US)$ Options trading volume distribution showed the following characteristics: peak put volume occurred at the 7,520 strike, while peak call volume was at the 7,600 strike.
Today's Options Opportunity Preview $Broadcom (AVGO.US)$ The stock plunged sharply in pre-market trading, acting as today’s sentiment anchor for the AI chip supply chain,$NVIDIA (NVDA.US)$ 、 $Marvell Technology (MRVL.US)$ 、 $Advanced Micro Devices (AMD.US)$ leading other AI hardware names to pull back in tandem in the short term. The company’s Q2 revenue and earnings were not weak—AI semiconductor revenue continued to grow at a rapid pace—but what disappointed the market was the lack of a meaningful upward revision to its AI revenue guidance. For a leading AI ASIC name that had seen substantial gains over recent months, investors had already priced in an exceptionally strong growth trajectory. Consequently, any near-term outlook from management that fails to significantly exceed expectations can easily trigger a valuation correction in the stock price. On the options front, implied volatility typically drops quickly after earnings, but given the significant pre-market decline, short-term put activity may remain elevated. $IonQ Inc (IONQ.US)$ 、 $D-Wave Quantum (QBTS.US)$ 、 $Rigetti Computing (RGTI.US)$Quantum computing-related stocks declined in pre-market trading, $Quantinuum (QNT.US)$ priced at $60, it will list on U.S. markets Thursday with a sizable offering, likely drawing some thematic capital toward the new listing in the short term, potentially pressuring already-listed quantum...
Single Stock Options
$Intel (INTC.US)$ Intel rose 4.43%, with 730,700 options contracts traded, and the put/call volume ratio dropped to 0.29. Intel CEO Lip-Bu Tan stated at the COMPUTEX exhibition that multiple CEOs had called him in the past four weeks requesting more CPUs, underscoring surging CPU demand in the Agentic AI era.
Today's Options Opportunity Preview $Broadcom (AVGO.US)$ The stock plunged sharply in pre-market trading, acting as today’s sentiment anchor for the AI chip supply chain,$NVIDIA (NVDA.US)$ 、 $Marvell Technology (MRVL.US)$ 、 $Advanced Micro Devices (AMD.US)$ leading other AI hardware names to pull back in tandem in the short term. The company’s Q2 revenue and earnings were not weak—AI semiconductor revenue continued to grow at a rapid pace—but what disappointed the market was the lack of a meaningful upward revision to its AI revenue guidance. For a leading AI ASIC name that had seen substantial gains over recent months, investors had already priced in an exceptionally strong growth trajectory. Consequently, any near-term outlook from management that fails to significantly exceed expectations can easily trigger a valuation correction in the stock price. On the options front, implied volatility typically drops quickly after earnings, but given the significant pre-market decline, short-term put activity may remain elevated. $IonQ Inc (IONQ.US)$ 、 $D-Wave Quantum (QBTS.US)$ 、 $Rigetti Computing (RGTI.US)$Quantum computing-related stocks declined in pre-market trading, $Quantinuum (QNT.US)$ priced at $60, it will list on U.S. markets Thursday with a sizable offering, likely drawing some thematic capital toward the new listing in the short term, potentially pressuring already-listed quantum...
$Palantir (PLTR.US)$ Palantir fell 6.55%, with 622,600 options contracts traded, and the put/call volume ratio declined to 0.47. Palantir’s stock plunged 6.18% after a UK parliamentary committee said its expansion into the public sector represents an 'unacceptable vulnerability.'
Today's Options Opportunity Preview $Broadcom (AVGO.US)$ The stock plunged sharply in pre-market trading, acting as today’s sentiment anchor for the AI chip supply chain,$NVIDIA (NVDA.US)$ 、 $Marvell Technology (MRVL.US)$ 、 $Advanced Micro Devices (AMD.US)$ leading other AI hardware names to pull back in tandem in the short term. The company’s Q2 revenue and earnings were not weak—AI semiconductor revenue continued to grow at a rapid pace—but what disappointed the market was the lack of a meaningful upward revision to its AI revenue guidance. For a leading AI ASIC name that had seen substantial gains over recent months, investors had already priced in an exceptionally strong growth trajectory. Consequently, any near-term outlook from management that fails to significantly exceed expectations can easily trigger a valuation correction in the stock price. On the options front, implied volatility typically drops quickly after earnings, but given the significant pre-market decline, short-term put activity may remain elevated. $IonQ Inc (IONQ.US)$ 、 $D-Wave Quantum (QBTS.US)$ 、 $Rigetti Computing (RGTI.US)$Quantum computing-related stocks declined in pre-market trading, $Quantinuum (QNT.US)$ priced at $60, it will list on U.S. markets Thursday with a sizable offering, likely drawing some thematic capital toward the new listing in the short term, potentially pressuring already-listed quantum...
Top list of options trading volume
Among the top 10 stocks by options trading volume, $Tesla (TSLA.US)$ Tesla recorded the highest put/call volume ratio at 0.51. Tesla’s May sales in China rose 39% year-over-year, and SpaceX plans an IPO priced at $135 per share, valuing the company at $1.77 trillion.
Today's Options Opportunity Preview $Broadcom (AVGO.US)$ The stock plunged sharply in pre-market trading, acting as today’s sentiment anchor for the AI chip supply chain,$NVIDIA (NVDA.US)$ 、 $Marvell Technology (MRVL.US)$ 、 $Advanced Micro Devices (AMD.US)$ leading other AI hardware names to pull back in tandem in the short term. The company’s Q2 revenue and earnings were not weak—AI semiconductor revenue continued to grow at a rapid pace—but what disappointed the market was the lack of a meaningful upward revision to its AI revenue guidance. For a leading AI ASIC name that had seen substantial gains over recent months, investors had already priced in an exceptionally strong growth trajectory. Consequently, any near-term outlook from management that fails to significantly exceed expectations can easily trigger a valuation correction in the stock price. On the options front, implied volatility typically drops quickly after earnings, but given the significant pre-market decline, short-term put activity may remain elevated. $IonQ Inc (IONQ.US)$ 、 $D-Wave Quantum (QBTS.US)$ 、 $Rigetti Computing (RGTI.US)$Quantum computing-related stocks declined in pre-market trading, $Quantinuum (QNT.US)$ priced at $60, it will list on U.S. markets Thursday with a sizable offering, likely drawing some thematic capital toward the new listing in the short term, potentially pressuring already-listed quantum...
The highest put/call open interest ratio is$Intel (INTC.US)$, reaching 1.03.
Today's Options Opportunity Preview $Broadcom (AVGO.US)$ The stock plunged sharply in pre-market trading, acting as today’s sentiment anchor for the AI chip supply chain,$NVIDIA (NVDA.US)$ 、 $Marvell Technology (MRVL.US)$ 、 $Advanced Micro Devices (AMD.US)$ leading other AI hardware names to pull back in tandem in the short term. The company’s Q2 revenue and earnings were not weak—AI semiconductor revenue continued to grow at a rapid pace—but what disappointed the market was the lack of a meaningful upward revision to its AI revenue guidance. For a leading AI ASIC name that had seen substantial gains over recent months, investors had already priced in an exceptionally strong growth trajectory. Consequently, any near-term outlook from management that fails to significantly exceed expectations can easily trigger a valuation correction in the stock price. On the options front, implied volatility typically drops quickly after earnings, but given the significant pre-market decline, short-term put activity may remain elevated. $IonQ Inc (IONQ.US)$ 、 $D-Wave Quantum (QBTS.US)$ 、 $Rigetti Computing (RGTI.US)$Quantum computing-related stocks declined in pre-market trading, $Quantinuum (QNT.US)$ priced at $60, it will list on U.S. markets Thursday with a sizable offering, likely drawing some thematic capital toward the new listing in the short term, potentially pressuring already-listed quantum...
Implied volatility rankings (underlying market cap > $10 billion and options trading volume > 100,000)
$POET Technologies (POET.US)$Implied volatilityreached a high of 149.49%, up 8.24% from the previous trading day. POET Technologies drew attention due to its AI photonics infrastructure concept, with active options trading; Sanan Optoelectronics' subsidiary Quanzhou Guangtong supplies it with photonic chips.
Today's Options Opportunity Preview $Broadcom (AVGO.US)$ The stock plunged sharply in pre-market trading, acting as today’s sentiment anchor for the AI chip supply chain,$NVIDIA (NVDA.US)$ 、 $Marvell Technology (MRVL.US)$ 、 $Advanced Micro Devices (AMD.US)$ leading other AI hardware names to pull back in tandem in the short term. The company’s Q2 revenue and earnings were not weak—AI semiconductor revenue continued to grow at a rapid pace—but what disappointed the market was the lack of a meaningful upward revision to its AI revenue guidance. For a leading AI ASIC name that had seen substantial gains over recent months, investors had already priced in an exceptionally strong growth trajectory. Consequently, any near-term outlook from management that fails to significantly exceed expectations can easily trigger a valuation correction in the stock price. On the options front, implied volatility typically drops quickly after earnings, but given the significant pre-market decline, short-term put activity may remain elevated. $IonQ Inc (IONQ.US)$ 、 $D-Wave Quantum (QBTS.US)$ 、 $Rigetti Computing (RGTI.US)$Quantum computing-related stocks declined in pre-market trading, $Quantinuum (QNT.US)$ priced at $60, it will list on U.S. markets Thursday with a sizable offering, likely drawing some thematic capital toward the new listing in the short term, potentially pressuring already-listed quantum...
$IREN Ltd (IREN.US)$ IREN saw the largest increase in implied volatility, reaching 132.24%, up 14.84% from the previous trading day. IREN signed a transmission interconnection agreement for an 800-megawatt data center campus in Australia.
Today's Options Opportunity Preview $Broadcom (AVGO.US)$ The stock plunged sharply in pre-market trading, acting as today’s sentiment anchor for the AI chip supply chain,$NVIDIA (NVDA.US)$ 、 $Marvell Technology (MRVL.US)$ 、 $Advanced Micro Devices (AMD.US)$ leading other AI hardware names to pull back in tandem in the short term. The company’s Q2 revenue and earnings were not weak—AI semiconductor revenue continued to grow at a rapid pace—but what disappointed the market was the lack of a meaningful upward revision to its AI revenue guidance. For a leading AI ASIC name that had seen substantial gains over recent months, investors had already priced in an exceptionally strong growth trajectory. Consequently, any near-term outlook from management that fails to significantly exceed expectations can easily trigger a valuation correction in the stock price. On the options front, implied volatility typically drops quickly after earnings, but given the significant pre-market decline, short-term put activity may remain elevated. $IonQ Inc (IONQ.US)$ 、 $D-Wave Quantum (QBTS.US)$ 、 $Rigetti Computing (RGTI.US)$Quantum computing-related stocks declined in pre-market trading, $Quantinuum (QNT.US)$ priced at $60, it will list on U.S. markets Thursday with a sizable offering, likely drawing some thematic capital toward the new listing in the short term, potentially pressuring already-listed quantum...
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。
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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