[Publishing orders] The market is ups and downs, did your options make or lose?
Index Options
On February 12 Eastern Time, trading volume in the US stock index options market increased, with a total of 7.41 million contracts traded. The put-to-call ratio rose to 1.13.

As the upcoming expiration date approaches,$S&P 500 Index (.SPX.US)$The distribution of option trading volume shows the following characteristics: the peak trading volume of put options is at 6,225 points, and the peak trading volume of call options is at 6,935 points.

Single Stock Options
$Micron Technology (MU.US)$Closed up 0.88%, with 678,000 option contracts traded, and the put/call volume ratio rose to 0.62. Micron's CFO confirmed that HBM4 products have entered mass production one quarter ahead of schedule and started commercial shipments.

Observing unusual large options orders, major players are predominantly bearish.

$Coinbase (COIN.US)$Closed down 7.90%, with 720,800 option contracts traded, and the put/call volume ratio rose to 3.11. Coinbase reported an unexpected loss of $667 million in Q4, as a decline in cryptocurrency trading volume led to a 22% drop in revenue.

Observing the put orders expiring this Friday, multiple put orders doubled in gains.

Observing unusual large option orders, major investors are fiercely competing on both long and short positions.

Options Volume Leaderboard

Top 10 US stock options by trading volume

Top 10 US Stock ETF Options by Trading Volume

Implied volatility leaderboard (underlying market cap > $10 billion and option volume > 100,000)
$CoreWeave (CRWV.US)$The implied volatility was the highest, reaching 127.42%, an increase of 5.38% from the previous trading day. CoreWeave executives sold $15.99 million worth of shares, while ARK Investment increased its holdings by 1.45 million shares.

$NuScale Power (SMR.US)$The implied volatility increased the most, reaching 122.49%, a rise of 5.46% from the previous trading day. NuScale Power is collaborating with Oak Ridge National Laboratory to develop an AI-driven nuclear fuel management project.

Top 10 most volatile US stock options (underlying market cap > $10 billion and option trading volume > 100,000 contracts)

Top 10 US Stock ETFs by Implied Volatility (Criteria: Market Cap > $100 billion)

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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 at any time on or before a specific date. The price of an option is influenced by several 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 future volatility of an option over a certain period. It is data derived inversely from the BS option pricing model and is generally considered an indicator of market sentiment. When investors anticipate higher volatility, they may be willing to pay more for options to hedge risks, resulting in higher implied volatility.
Traders and investors use implied volatility to assess the attractiveness of option prices, identify potential mispricing, and manage risk exposure.
Disclaimer
This content does not constitute any offer, solicitation, recommendation, opinion, or guarantee for 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 prevent these orders from being executed. You might 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. Option trading involves extremely high risks and is not suitable for all investors. Investors should read carefully before engaging in any options trading strategy.Characteristics and Risks of Standardized Options。
This content does not constitute any offer, solicitation, recommendation, opinion, or guarantee for 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 prevent these orders from being executed. You might 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. Option trading involves extremely high risks and is not suitable for all investors. Investors should read carefully before engaging in any options trading strategy.Characteristics 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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