Daily Options Outlook | SpaceX Continues Rally, Igniting Space Economy; Optical Communications and AI Chips Heat Up in Tandem, AMD Upgraded Ahead of Bell

Daily Options Opportunity Outlook

$Tesla (TSLA.US)$ The stock rose 1.38% in pre-market trading. SpaceX's successful listing has heightened overall market attention on Elon Musk’s ecosystem, and discussions around resource integration among SpaceX, xAI, and Tesla have added a sentiment premium to TSLA shares. Given that $SpaceX (SPCX.US)$ Its own options market has not yet officially opened, and limited liquidity in the early listing phase means even modest incremental capital flows could trigger noticeable volatility. Compared with SpaceX, Tesla has a mature and highly liquid options market, making it likely the primary vehicle for traders to express views on Musk’s ecosystem ahead of time.

$Advanced Micro Devices (AMD.US)$ The stock rose 4.88% in pre-market trading to $536.53. Citi upgraded AMD’s rating from 'Neutral' to 'Buy' and raised its price target, citing AMD’s growing credibility as a second source of supply in the AI GPU market, with GPU business poised to become a new growth engine alongside CPUs.

Market participants are trading whether the AI accelerator market can shift from $NVIDIA (NVDA.US)$ a single dominant supplier toward a multi-vendor landscape. Major cloud providers have incentives—driven by cost, supply security, and bargaining power—to onboard more GPU and custom chip suppliers, creating room for AMD to gain market share. However, the market has already largely priced in the upgrade news following the pre-market rally. If the stock opens with strong volume and holds the pre-market high, call-side momentum may persist; if it spikes higher only to retreat, short-term funds riding the upgrade may quickly take profits, and elevated implied volatility would reduce the attractiveness of chasing calls.

$Marvell Technology (MRVL.US)$ The stock rose 5.43% in pre-market trading to $294.90. The company is directly exposed to the expansion of AI computing—from individual chips to system-level clusters—through its coverage of custom AI chips, networking switches, optical communication DSPs, and high-speed interconnects. Earlier support from Jensen Huang and expectations of inclusion in the S&P 500 have already driven significant re-rating, and today’s gains reflect continued strength in the optical communications and AI chip sectors.

MRVL’s current advantage lies in having two concurrent growth vectors: ASICs and interconnects. The risk is that recent gains and market expectations are already elevated. With the stock approaching the psychological $300 level, options traders may intensify directional bets around a breakout versus a pullback. If the stock opens with strong volume and breaks above $300 while holding the level, it could attract trend-following call buyers. If it repeatedly fails to break through, attention should turn to profit-taking at highs and declining implied volatility. For traders bullish on the medium-term AI interconnect thesis, waiting for a pullback and confirmation typically offers better risk-reward than chasing the pre-market surge.

Review of yesterday's options market

Index Options

On June 12 (Eastern Time), U.S. equity index options volume declined, with a total of 6.47 million contracts traded. The put/call volume ratio rose to 1.06.

Single Stock Options

$Intel (INTC.US)$ The stock closed up 6.51%, with 1.208 million options contracts traded, and the put/call volume ratio dropped to 0.52. Bank of America upgraded Intel’s rating from 'Sell' all the way to 'Buy' and raised its price target from $96 to $135.

$Apple (AAPL.US)$ The stock closed down 1.52%, with 1.2732 million options contracts traded, and the put/call volume ratio fell to 0.63. Apple will continue using aluminum alloy bodies for the iPhone 18 Pro and will launch its first touchscreen MacBook Ultra.

Top list of options trading volume

Among the top 10 stocks by options trading volume, $Micron Technology (MU.US)$ had the highest put/call volume ratio at 0.87. Goldman Sachs analysts raised Micron Technology’s price target from $400 to $900 but maintained a 'Neutral' rating, noting investor positioning appears overly optimistic ahead of its June 24 earnings report.

The highest put/call open interest ratio is$Micron Technology (MU.US)$, reaching 1.32.

Implied volatility rankings (underlying market cap > $10 billion and options trading volume > 100,000)

$POET Technologies (POET.US)$Implied volatilityIt recorded the highest and fastest growth, reaching 143.10%, an increase of 8.30% from the previous trading day. POET Technologies secured $400 million in institutional investment, and its stock rose more than 3% among optical communication概念股.

$Cipher Digital (CIFR.US)$Implied volatility saw the second-largest increase, reaching 110.53%, up 5.51% from the previous trading day. Cipher Digital's subsidiary completed an $810 million bond issuance, and Bernstein assigned a buy rating with a price target of $32.

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。

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