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Option Mover The Moo
wrote a column · Jun 29 17:48

Daily Options Outlook | Memory capacity expansion benefits semiconductor equipment stocks; AMAT rises in pre-market trading. Is the chip sector too crowded, offering tech giants a prime entry opportunity?

Today's Options Opportunity Preview
$Applied Materials (AMAT.US)$ The stock rose 4.13% in pre-market trading. A major Korean memory manufacturer’s plan for large-scale capacity expansion directly benefits the semiconductor equipment supply chain. As a leader in deposition, materials engineering, and advanced process equipment, AMAT is one of the most direct beneficiaries.
$Lam Research (LRCX.US)$ The stock rose 3.41% in pre-market trading. The catalyst also stems from Korean memory capacity expansion. Lam Research holds a core position in etching and thin-film deposition equipment and stands to benefit particularly from DRAM and advanced packaging-related capacity expansions. Today, AMAT and Lam Research are trading on order visibility and capital expenditure (Capex) certainty. Ultimately, AI-driven memory capacity expansion must translate into wafer fab equipment purchases, positioning equipment makers closer to the 'picks and shovels' play than chip design firms.
Today's Options Opportunity Preview $Applied Materials (AMAT.US)$ The stock rose 4.13% in pre-market trading. A major Korean memory manufacturer’s plan for large-scale capacity expansion directly benefits the semiconductor equipment supply chain. As a leader in deposition, materials engineering, and advanced process equipment, AMAT is one of the most direct beneficiaries. $Lam Research (LRCX.US)$ The stock rose 3.41% in pre-market trading. The catalyst also stems from Korean memory capacity expansion. Lam Research holds a core position in etching and thin-film deposition equipment and stands to benefit particularly from DRAM and advanced packaging-related capacity expansions. Today, AMAT and Lam Research are trading on order visibility and capital expenditure (Capex) certainty. Ultimately, AI-driven memory capacity expansion must translate into wafer fab equipment purchases, positioning equipment makers closer to the 'picks and shovels' play than chip design firms. Wedbush and Goldman Sachs jointly stated, 'The chip sector is too crowded—tech giants now have a strategic opportunity to position themselves.' $Alphabet-A (GOOGL.US)$$Alphabet-A (GOOGL.US)$ The stock rose 1.05% in pre-market trading. The immediate catalyst comes from market repricing of AI platform companies, compounded by news that Google is limiting Gemini compute supply to Meta, which has heightened external focus on its in-house computing power, model capabilities, and control over cloud AI resources. $SpaceX (SPCX.US)$ The stock rose 1.24% in pre-market trading. The key catalyst is the company’s announcement that it expects July 7...
Wedbush and Goldman Sachs jointly stated, 'The chip sector is too crowded—tech giants now have a strategic opportunity to position themselves.' $Alphabet-A (GOOGL.US)$$Alphabet-A (GOOGL.US)$ The stock rose 1.05% in pre-market trading. The immediate catalyst stems from the market's repricing of AI platform companies, compounded by news that Google is restricting Gemini compute capacity supply to Meta, which has heightened investor focus on the company’s proprietary compute infrastructure, model capabilities, and control over cloud-based AI resources.
Today's Options Opportunity Preview $Applied Materials (AMAT.US)$ The stock rose 4.13% in pre-market trading. A major Korean memory manufacturer’s plan for large-scale capacity expansion directly benefits the semiconductor equipment supply chain. As a leader in deposition, materials engineering, and advanced process equipment, AMAT is one of the most direct beneficiaries. $Lam Research (LRCX.US)$ The stock rose 3.41% in pre-market trading. The catalyst also stems from Korean memory capacity expansion. Lam Research holds a core position in etching and thin-film deposition equipment and stands to benefit particularly from DRAM and advanced packaging-related capacity expansions. Today, AMAT and Lam Research are trading on order visibility and capital expenditure (Capex) certainty. Ultimately, AI-driven memory capacity expansion must translate into wafer fab equipment purchases, positioning equipment makers closer to the 'picks and shovels' play than chip design firms. Wedbush and Goldman Sachs jointly stated, 'The chip sector is too crowded—tech giants now have a strategic opportunity to position themselves.' $Alphabet-A (GOOGL.US)$$Alphabet-A (GOOGL.US)$ The stock rose 1.05% in pre-market trading. The immediate catalyst comes from market repricing of AI platform companies, compounded by news that Google is limiting Gemini compute supply to Meta, which has heightened external focus on its in-house computing power, model capabilities, and control over cloud AI resources. $SpaceX (SPCX.US)$ The stock rose 1.24% in pre-market trading. The key catalyst is the company’s announcement that it expects July 7...
$SpaceX (SPCX.US)$ The stock rose 1.24% in pre-market trading. The key catalyst is the company’s expected inclusion in the Nasdaq-100 on July 7, which market estimates could trigger approximately $4.3 billion in passive inflows. Additionally, ongoing talks with Charter regarding mobile communications collaboration further expand the commercial potential of satellite communications.
SPCX is trading today on the theme of 'certain capital inflows + consumer satellite communications access.' Anticipated buying pressure from index inclusion should provide near-term support for the share price, while a potential partnership with Charter would extend Starlink’s narrative beyond broadband services into the mobile communications market. In options, SPCX remains a high-volatility, newly listed name—suitable for light-position event-driven trades.
Options data recap from yesterday
Index Options
On June 26 Eastern Time, U.S. equity index options volume declined, with a total of 5.98 million contracts traded. The put/call volume ratio rose to 1.20.
Today's Options Opportunity Preview $Applied Materials (AMAT.US)$ The stock rose 4.13% in pre-market trading. A major Korean memory manufacturer’s plan for large-scale capacity expansion directly benefits the semiconductor equipment supply chain. As a leader in deposition, materials engineering, and advanced process equipment, AMAT is one of the most direct beneficiaries. $Lam Research (LRCX.US)$ The stock rose 3.41% in pre-market trading. The catalyst also stems from Korean memory capacity expansion. Lam Research holds a core position in etching and thin-film deposition equipment and stands to benefit particularly from DRAM and advanced packaging-related capacity expansions. Today, AMAT and Lam Research are trading on order visibility and capital expenditure (Capex) certainty. Ultimately, AI-driven memory capacity expansion must translate into wafer fab equipment purchases, positioning equipment makers closer to the 'picks and shovels' play than chip design firms. Wedbush and Goldman Sachs jointly stated, 'The chip sector is too crowded—tech giants now have a strategic opportunity to position themselves.' $Alphabet-A (GOOGL.US)$$Alphabet-A (GOOGL.US)$ The stock rose 1.05% in pre-market trading. The immediate catalyst comes from market repricing of AI platform companies, compounded by news that Google is limiting Gemini compute supply to Meta, which has heightened external focus on its in-house computing power, model capabilities, and control over cloud AI resources. $SpaceX (SPCX.US)$ The stock rose 1.24% in pre-market trading. The key catalyst is the company’s announcement that it expects July 7...
Single Stock Options
$Microsoft (MSFT.US)$ Microsoft closed up 5.71%, with 1.2965 million options contracts traded and the put/call volume ratio dropping to 0.49. Microsoft’s stock fell 18% this month, marking its worst June performance since 2000. Analysts attribute waning investor patience to unclear returns on AI investments.
Today's Options Opportunity Preview $Applied Materials (AMAT.US)$ The stock rose 4.13% in pre-market trading. A major Korean memory manufacturer’s plan for large-scale capacity expansion directly benefits the semiconductor equipment supply chain. As a leader in deposition, materials engineering, and advanced process equipment, AMAT is one of the most direct beneficiaries. $Lam Research (LRCX.US)$ The stock rose 3.41% in pre-market trading. The catalyst also stems from Korean memory capacity expansion. Lam Research holds a core position in etching and thin-film deposition equipment and stands to benefit particularly from DRAM and advanced packaging-related capacity expansions. Today, AMAT and Lam Research are trading on order visibility and capital expenditure (Capex) certainty. Ultimately, AI-driven memory capacity expansion must translate into wafer fab equipment purchases, positioning equipment makers closer to the 'picks and shovels' play than chip design firms. Wedbush and Goldman Sachs jointly stated, 'The chip sector is too crowded—tech giants now have a strategic opportunity to position themselves.' $Alphabet-A (GOOGL.US)$$Alphabet-A (GOOGL.US)$ The stock rose 1.05% in pre-market trading. The immediate catalyst comes from market repricing of AI platform companies, compounded by news that Google is limiting Gemini compute supply to Meta, which has heightened external focus on its in-house computing power, model capabilities, and control over cloud AI resources. $SpaceX (SPCX.US)$ The stock rose 1.24% in pre-market trading. The key catalyst is the company’s announcement that it expects July 7...
$Micron Technology (MU.US)$ Micron Technology closed down 6.69%, with 1.2131 million options contracts traded and the put/call volume ratio declining to 0.96. Micron reported record third-quarter earnings, with revenue of $41.46 billion, up 346% year-over-year, and a gross margin of 84.9%.
Today's Options Opportunity Preview $Applied Materials (AMAT.US)$ The stock rose 4.13% in pre-market trading. A major Korean memory manufacturer’s plan for large-scale capacity expansion directly benefits the semiconductor equipment supply chain. As a leader in deposition, materials engineering, and advanced process equipment, AMAT is one of the most direct beneficiaries. $Lam Research (LRCX.US)$ The stock rose 3.41% in pre-market trading. The catalyst also stems from Korean memory capacity expansion. Lam Research holds a core position in etching and thin-film deposition equipment and stands to benefit particularly from DRAM and advanced packaging-related capacity expansions. Today, AMAT and Lam Research are trading on order visibility and capital expenditure (Capex) certainty. Ultimately, AI-driven memory capacity expansion must translate into wafer fab equipment purchases, positioning equipment makers closer to the 'picks and shovels' play than chip design firms. Wedbush and Goldman Sachs jointly stated, 'The chip sector is too crowded—tech giants now have a strategic opportunity to position themselves.' $Alphabet-A (GOOGL.US)$$Alphabet-A (GOOGL.US)$ The stock rose 1.05% in pre-market trading. The immediate catalyst comes from market repricing of AI platform companies, compounded by news that Google is limiting Gemini compute supply to Meta, which has heightened external focus on its in-house computing power, model capabilities, and control over cloud AI resources. $SpaceX (SPCX.US)$ The stock rose 1.24% in pre-market trading. The key catalyst is the company’s announcement that it expects July 7...
Top list of options trading volume
Among the top 10 stocks by options trading volume,$Strategy (MSTR.US)$Strategy had the highest put/call volume ratio at 1.25. Strategy’s stock price fell to a 28-month low, prompting Rosen Law Firm to launch an investigation into potential securities claims against the company.
Today's Options Opportunity Preview $Applied Materials (AMAT.US)$ The stock rose 4.13% in pre-market trading. A major Korean memory manufacturer’s plan for large-scale capacity expansion directly benefits the semiconductor equipment supply chain. As a leader in deposition, materials engineering, and advanced process equipment, AMAT is one of the most direct beneficiaries. $Lam Research (LRCX.US)$ The stock rose 3.41% in pre-market trading. The catalyst also stems from Korean memory capacity expansion. Lam Research holds a core position in etching and thin-film deposition equipment and stands to benefit particularly from DRAM and advanced packaging-related capacity expansions. Today, AMAT and Lam Research are trading on order visibility and capital expenditure (Capex) certainty. Ultimately, AI-driven memory capacity expansion must translate into wafer fab equipment purchases, positioning equipment makers closer to the 'picks and shovels' play than chip design firms. Wedbush and Goldman Sachs jointly stated, 'The chip sector is too crowded—tech giants now have a strategic opportunity to position themselves.' $Alphabet-A (GOOGL.US)$$Alphabet-A (GOOGL.US)$ The stock rose 1.05% in pre-market trading. The immediate catalyst comes from market repricing of AI platform companies, compounded by news that Google is limiting Gemini compute supply to Meta, which has heightened external focus on its in-house computing power, model capabilities, and control over cloud AI resources. $SpaceX (SPCX.US)$ The stock rose 1.24% in pre-market trading. The key catalyst is the company’s announcement that it expects July 7...
The highest put/call open interest ratio is$Micron Technology (MU.US)$, reaching 1.40.
Implied volatility rankings (underlying market cap > $10 billion and options trading volume > 100,000)
$HIVE Digital Technologies (HIVE.US)$Implied volatilityHIVE Digital Technologies recorded the highest and fastest-growing implied volatility, reaching 140.48%—a 50.59% increase from the previous trading day. HIVE signed a 10-year letter of intent with a Swedish technology firm for high-performance computing hosting and issued $115 million in convertible notes to fund GPU purchases and data center development.
Today's Options Opportunity Preview $Applied Materials (AMAT.US)$ The stock rose 4.13% in pre-market trading. A major Korean memory manufacturer’s plan for large-scale capacity expansion directly benefits the semiconductor equipment supply chain. As a leader in deposition, materials engineering, and advanced process equipment, AMAT is one of the most direct beneficiaries. $Lam Research (LRCX.US)$ The stock rose 3.41% in pre-market trading. The catalyst also stems from Korean memory capacity expansion. Lam Research holds a core position in etching and thin-film deposition equipment and stands to benefit particularly from DRAM and advanced packaging-related capacity expansions. Today, AMAT and Lam Research are trading on order visibility and capital expenditure (Capex) certainty. Ultimately, AI-driven memory capacity expansion must translate into wafer fab equipment purchases, positioning equipment makers closer to the 'picks and shovels' play than chip design firms. Wedbush and Goldman Sachs jointly stated, 'The chip sector is too crowded—tech giants now have a strategic opportunity to position themselves.' $Alphabet-A (GOOGL.US)$$Alphabet-A (GOOGL.US)$ The stock rose 1.05% in pre-market trading. The immediate catalyst comes from market repricing of AI platform companies, compounded by news that Google is limiting Gemini compute supply to Meta, which has heightened external focus on its in-house computing power, model capabilities, and control over cloud AI resources. $SpaceX (SPCX.US)$ The stock rose 1.24% in pre-market trading. The key catalyst is the company’s announcement that it expects July 7...
$Cipher Digital (CIFR.US)$Cipher Digital posted the second-largest increase in implied volatility, rising to 110.89%—up 5.41% from the prior session. BTIG raised Cipher Digital’s price target from $25 to $35 while maintaining a Buy rating.
Today's Options Opportunity Preview $Applied Materials (AMAT.US)$ The stock rose 4.13% in pre-market trading. A major Korean memory manufacturer’s plan for large-scale capacity expansion directly benefits the semiconductor equipment supply chain. As a leader in deposition, materials engineering, and advanced process equipment, AMAT is one of the most direct beneficiaries. $Lam Research (LRCX.US)$ The stock rose 3.41% in pre-market trading. The catalyst also stems from Korean memory capacity expansion. Lam Research holds a core position in etching and thin-film deposition equipment and stands to benefit particularly from DRAM and advanced packaging-related capacity expansions. Today, AMAT and Lam Research are trading on order visibility and capital expenditure (Capex) certainty. Ultimately, AI-driven memory capacity expansion must translate into wafer fab equipment purchases, positioning equipment makers closer to the 'picks and shovels' play than chip design firms. Wedbush and Goldman Sachs jointly stated, 'The chip sector is too crowded—tech giants now have a strategic opportunity to position themselves.' $Alphabet-A (GOOGL.US)$$Alphabet-A (GOOGL.US)$ The stock rose 1.05% in pre-market trading. The immediate catalyst comes from market repricing of AI platform companies, compounded by news that Google is limiting Gemini compute supply to Meta, which has heightened external focus on its in-house computing power, model capabilities, and control over cloud AI resources. $SpaceX (SPCX.US)$ The stock rose 1.24% in pre-market trading. The key catalyst is the company’s announcement that it expects July 7...
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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