Daily Options Outlook | SpaceX up 10% in pre-market trading, options expected to list today; Qualcomm up 4.4% pre-market; Micron Technology rose 10.84% yesterday, with investment banks raising its price target to $1,500, citing strong AI-driven memory demand through 2027

Today's Options Market Outlook

On the individual stock level, $SpaceX (SPCX.US)$ Continuing post-listing momentum, shares rose 10.4% in pre-market trading, bringing its total market cap to $2.53 trillion; options are expected to begin trading today.

$Qualcomm (QCOM.US)$ Up 4.4% in pre-market trading, Qualcomm is in talks to acquire Tenstorrent at a potential valuation of $8–10 billion. Options data shows a put/call volume ratio of 0.41, implied volatility (IV) at 81.73%, and an IV percentile of 94%, indicating the market is betting on a near-term upside for Qualcomm.

$Western Digital (WDC.US)$ Up 6.35% in pre-market trading, Western Digital benefits from Morgan Stanley research forecasting that HDD shortages will 'worsen through at least 2028,' with suppliers pricing significantly above current levels. Options data shows a put/call volume ratio of 1.15, implied volatility (IV) at 90.78%, and an IV percentile of 97%, as investors buy puts to hedge against expected volatility.

Review of yesterday's options market

Index Options

On June 15 Eastern Time, U.S. equity index options volume declined, with a total of 6.46 million contracts traded. The put/call volume ratio rose to 1.16.

As the upcoming expiration date approaches,$S&P 500 Index (.SPX.US)$ The options volume distribution exhibits the following characteristics: put options peaked at the 7,500 strike, while call options peaked at the 7,600 strike.

Single Stock Options

$Micron Technology (MU.US)$Micron Technology rose 10.84%, with 769,100 options contracts traded, and the put/call volume ratio increased to 0.92. Micron Technology's share price surged over 10%, prompting multiple investment banks to sharply raise their price targets to USD 1,500, as analysts expect AI-driven memory demand to remain robust through 2027.

$Tesla (TSLA.US)$It gained 1.16%, with 3,161,100 options contracts traded, and the put/call volume ratio rose to 0.69.

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, reaching 0.92.

The highest put/call open interest ratio is$Micron Technology (MU.US)$, reaching 1.36.

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

$POET Technologies (POET.US)$Implied volatilityrecorded the highest and fastest-growing implied volatility, surging 159.09%—an 11.18% increase from the previous trading day. POET Technologies secured USD 400 million in institutional investment, driving its implied volatility to a record high of 143.10%.

$Fermi (FRMI.US)$posted the second-largest increase in implied volatility, reaching 145.07%—a 3.93% rise from the prior trading day. Fermi’s board urged shareholders to support the white consent revocation card and oppose the special shareholder meeting initiated by the former CEO.

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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