Daily Options Opportunities Preview | Marvell surges over 25% in pre-market trading; Jensen Huang says Marvell could become the next trillion-dollar company; Oracle rises 9.91%, partnering with OpenAI to build a data center in Michigan

Today's Options Opportunity Preview

On the individual stock level, $Marvell Technology (MRVL.US)$Marvell surged more than 25% at one point during pre-market trading. This follows Jensen Huang’s announcement of a deep collaboration with Marvell and his statement that Marvell could become the next trillion-dollar company. Options market signals show Marvell’s put/call volume ratio stands at 0.53, with implied volatility (IV) at 85.82% and IV percentile at 93%, indicating investors are buying call options to bet on further upside in the stock price.

$Nokia Oyj (NOK.US)$ Nokia rose 4.24% in pre-market trading. Morgan Stanley previously maintained its buy rating on Nokia. The options market shows Nokia’s put/call volume ratio is 0.18, open interest ratio is 0.28, and IV percentile stands at 97%, suggesting some degree of further upside expectations from the market.

$NVIDIA (NVDA.US)$ NVIDIA rose 1.9% in pre-market trading. CEO Jensen Huang stated that the Vera CPU will become a new major growth driver, with N2X and N3X already under development. The options market shows NVIDIA’s put/call volume ratio at 0.39, implied volatility at 46.16%, and IV percentile at 60%. Following Jensen Huang’s unveiling of NVIDIA’s DSX computing ecosystem, options traders are betting on further stock price appreciation.

Review of yesterday's options market

Index Options

On June 1, Eastern Time, U.S. equity index options market volume declined, with a total of 5.14 million contracts traded. The put/call volume ratio rose to 0.99.

As the upcoming expiration date approaches,$S&P 500 Index (.SPX.US)$ The options volume distribution shows the following characteristics: put option volume peaked at the 7,450 strike, while call option volume peaked at the 7,650 strike.

Single Stock Options

$Oracle (ORCL.US)$Up 9.91%, with 780,300 options contracts traded, the put/call volume ratio rose to 0.30. Oracle surged 9% after announcing a collaboration with OpenAI to build a data center in Michigan.

$Meta Platforms (META.US)$Down 5.07%, with 1,134,300 options contracts traded, the put/call volume ratio rose to 0.39. RBC Capital maintained its buy rating on Meta Platforms with a price target of $810, while Meta shares fell 3.06% amid concerns over AI-related capital expenditures.

Top list of options trading volume

Among the top 10 stocks by options trading volume,$Micron Technology (MU.US)$recorded the highest put/call volume ratio at 1.07. Micron’s stock price surpassed $1,000 for the first time, giving it a market capitalization exceeding $1.17 trillion and making it the world’s 12th-largest company.

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)

$HYPERLIQUID STRATEGIES INC (PURR.US)$Implied volatilityreached the highest level at 172.20%, up 18.02% from the previous trading day. Driven by HYPE hitting a record high, HYPERLIQUID STRATEGIES INC’s pre-market share price jumped nearly 20% to $12.

$AMC Entertainment (AMC.US)$recorded the largest increase in implied volatility, rising to 156.72%, up 47.77% from the previous trading day. AMC Entertainment reported May attendance of 25.5 million, the highest for the same period since 2019.

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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