Daily Options Outlook | SpaceX rises 2.43% in pre-market trading, extends gains by nearly 3% in overnight session, maintaining its strong momentum; optical communications sector advances, with Applied Optoelectronics up 4.92% pre-market

Today's Options Opportunity Outlook

On a macro level,$Invesco QQQ Trust (QQQ.US)$Up 0.46% in pre-market trading,$SPDR S&P 500 ETF (SPY.US)$Up 0.16% in pre-market trading; weak U.S. July employment data significantly reduced market expectations for a Federal Reserve rate hike in September, driving the Nasdaq up 1.3% to a new record high. The optical communications sector led gains, supported by strong earnings from companies such as Applied Optoelectronics, while SpaceX rebounded 15.8%. Technology stocks broadly benefited from expectations of accommodative monetary policy. Options market data shows QQQ’s put/call volume ratio rose to 0.98 on the previous trading day,implied volatility(IV) reached 22.74%.

At the individual stock level,$SpaceX (SPCX.US)$Up 2.43% in pre-market trading, SpaceX extended gains by nearly 3% in overnight trading, maintaining momentum after surging 16% the previous day. Options market data shows the stock’s put/call volume ratio dropped to 0.7, with implied volatility at 89.38%.

For options expiring on August 14, 2026, the highest volume was recorded for the $320-strike call option, which rose by 12,400%.

$NVIDIA (NVDA.US)$Up 0.42% in pre-market trading, NVIDIA invested $3 billion in power infrastructure firm Lancium. Options market data shows the stock’s put/call volume ratio rose to 0.51, with implied volatility at 43.35%.

For options expiring on August 10, 2026, the highest volume was recorded for the $225-strike call option, which rose by 87.26%.

$Applied Optoelectronics (AAOI.US)$ Surged 4.92% in pre-market trading, as brokers forecast rising industry tailwinds for US optical communications firms. Options market data shows the stock’s put/call volume ratio stood at 0.58, with implied volatility reaching 121.35%.

Options Market Recap for Yesterday

Index Options

On August 7 (Eastern Time), US equity index options market volume increased, with a total of 5.7 million contracts traded. The put/call volume ratio declined to 0.98.

In the upcoming expiration cycle,$S&P 500 Index (.SPX.US)$ Options volume distribution showed the following characteristics: peak put option volume occurred at the 7,675 strike, while peak call option volume was at the 7,800 strike.

Individual stock options

$SpaceX (SPCX.US)$Closed up 15.83%, with 3.0066 million options contracts traded, and the put/call volume ratio fell to 0.70. SpaceX shares surged 23% over two days; analysts raised the price target to $248, and Musk projected Starlink’s annual revenue would exceed $1 trillion.

$Micron Technology (MU.US)$Closed down 0.44%, with 1.2242 million options contracts traded, and the put/call volume ratio declined to 0.79. Micron Technology saw active options trading on August 7, with daily volume reaching 1.22 million contracts.

Top Option Volume Rankings

Among the top 10 stocks by option volume,$Micron Technology (MU.US)$The put/call volume ratio was the highest, reaching 0.79.

The highest put/call open interest ratio belongs to$Micron Technology (MU.US)$, reaching 1.16.

Implied Volatility Rankings (underlying market cap > $1 billion and option volume > 100,000 contracts)

$Wolfspeed (WOLF.US)$Implied volatility was the highest, reaching 127.12%, down 5.40% from the previous trading day. Wolfspeed partnered with Lite-On Technology to develop an 800 VDC power solution supporting hyperscale AI data center deployments.

$NextNav (NN.US)$Implied volatility increased the most, reaching 106.35%, up 2.90% from the previous trading day.

Risk Warning

An option is a contract that gives the holder the right—but not the obligation—to buy or sell an underlying asset at a fixed price on or before a specific date. The price of an option is influenced by multiple 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 future price fluctuations over the life of an option. It is derived by back-solving from the Black-Scholes option pricing model and is generally viewed as an indicator of market sentiment. When investors anticipate greater volatility, they may be willing to pay higher prices for options to hedge risk, leading to elevated implied volatility.

Traders and investors use implied volatility to assessOption priceto assess attractiveness, identify potential mispricings, and manage risk exposure.

Disclaimer
This content does not constitute an offer, solicitation, recommendation, advice, opinion, or any form of guarantee regarding any securities, financial products, or instruments. The risk of loss in trading options can be substantial. In certain circumstances, your losses may exceed the initial margin deposit you made. Even if you place contingent orders, such as 'stop-loss' or 'limit' orders, there is no assurance these will prevent losses. Market conditions may render such orders unexecutable. You may be required to deposit additional margin funds on very short notice. If you fail to meet such a margin call within the specified timeframe, your open positions may be liquidated. Nevertheless, you remain liable for any resulting deficit in your account. Therefore, you should thoroughly research and understand options before trading and carefully consider whether such transactions are suitable for you based on your financial condition and investment objectives. If you trade options, you should be familiar with the procedures for exercising options and handling expirations, as well as your rights and obligations upon exercise or expiration. Options trading involves substantial risk and is not appropriate for all investors. Investors should carefully read"Characteristics and Risks of Standardized Options"。

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