Daily Options Outlook | Intel up 1.37% in pre-market trading; SK Hynix evaluating Intel's foundry solution for HBM4E base chips. Waller strikes a hawkish tone, weighing on the broader market; QQQ down 0.13% in pre-market trading.

Today's Options Opportunity Outlook

On a macro level,$Invesco QQQ Trust (QQQ.US)$Down 0.13% in pre-market trading,$SPDR S&P 500 ETF (SPY.US)$Down 0.17% in pre-market trading. Fed Governor Waller delivered hawkish signals at the Jackson Hole symposium, emphasizing that inflation risks outweigh employment concerns, pushing the probability of a September rate hike to nearly 60%. The S&P 500 has recently seen extremely low volatility, with no daily drop exceeding 1% for 22 consecutive trading sessions. Investors are watching Friday's non-farm payrolls data and Broadcom's earnings report for potential market impact. Options market data shows SPY's put/call volume ratio fell to 1.03 in the previous trading session,implied volatility(IV) reached 14.31%.

At the individual stock level,$Intel (INTC.US)$Up 1.37% in pre-market trading; SK Hynix is evaluating Intel's foundry solution for HBM4E base chips. Options market data shows the stock's put/call volume ratio rising to 0.52, with implied volatility reaching 57.92%.

$NVIDIA (NVDA.US)$Up 0.67% in pre-market trading; Samsung is developing an 8-layer HBM4E product targeting NVIDIA's NVHBM supply chain. Options market data shows the stock's put/call volume ratio rising to 0.59, with implied volatility reaching 35.88%.

Options Market Recap for Yesterday

Index Options

On August 28 (US Eastern Time), trading volume in the US equity index options market increased, with a total of 6.92 million contracts traded. The put/call volume ratio rose to 0.99.

In the upcoming expiration cycle,$S&P 500 Index (.SPX.US)$ The distribution of options trading volume shows the following characteristics: peak put option volume at the 7,680 strike price, and peak call option volume at the 7,700 strike price.

Individual stock options

$Amazon (AMZN.US)$Closed up 3.97%, with 1.6452 million options contracts traded; the put/call volume ratio dropped to 0.51. Amazon expanded its AWS GovCloud AI model selection, adding mainstream large language model services from OpenAI, Meta, and others.

$IREN Ltd (IREN.US)$Closed down 12.53%, with 803,100 options contracts traded; the put/call volume ratio rose to 0.66. IREN reported Q4 revenue of $137 million, missing expectations, while AI cloud service revenue grew 110% to $70.5 million. The company secured $2.4 billion in GPU financing for the expansion of its Canadian data centers.

Top Option Volume Rankings

Among the top 10 stocks by option volume,$Tesla (TSLA.US)$Recorded the highest put/call volume ratio, reaching 0.69. Tesla plans to hold its Cybercab launch event in Austin on September 3 and will introduce a simplified version of the Model 3 in Hong Kong and Macau with a starting price of 175,900 yuan.

The highest put/call open interest ratio belongs to$Micron Technology (MU.US)$Reaching 1.08. Micron Technology's stock declined due to broader adjustments in the memory chip industry, although SK Hynix forecasts that memory shortages will persist until 2030.

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

$Hyperliquid Strategies (PURR.US)$Recorded the highest implied volatility and the largest increase, reaching 103.94%, though it decreased by 0.60% compared to the previous trading session. Hyperliquid Strategies announced a net profit of $305.5 million for fiscal year 2026; Chardan and Maxim raised their target prices to $17 and $20, respectively.

$C3.ai (AI.US)$Recorded the second-largest increase in implied volatility, reaching 83.01%, though it decreased by 0.91% compared to the previous trading session. C3.ai is scheduled to release its earnings report on September 2; the former president's compensation for 2026 reached $36.17 million.

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 pricesto 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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