Options Market Statistics: NVDA Pops 16% After AI-fueled Bumper Earnings, Options Pop
News Highlights
$NVIDIA(NVDA.US$ shares rose by 16.40%, closing at $785.38. Its options trading volume is 2.49 million. Call contracts account for 61.1% of the total trading volume. The most traded calls are contracts of $800 strike price that expire on Feb 23rd. The total volume reaches 115,183 with an open interest of 20,516. The most traded puts are contracts of a $750 strike price that expires on February 23rd; the volume is 38,495 contracts with an open interest of 1,498.
Nvidia shares closed up 16% on Thursday, a day after the chip giant posted bumper earnings that beat Wall Street estimates.
The U.S. tech giant reported revenue of $22.10 billion for its fiscal fourth quarter, a rise of 265% year on year, while net income surged by 769%, as the company continues to see a boost from excitement over artificial intelligence.
Nvidia chips are used to train huge AI models such as those developed by Microsoft and Meta
$Super Micro Computer(SMCI.US$ shares surged by 32.87%, closing at $975.52. Its options trading volume is 0.57 million. Call contracts account for 60.0% of the total trading volume. The most traded calls are contracts of $1000 strike price that expire on Feb 23rd. The total volume reaches 34,666 with an open interest of 4,349. The most traded puts are contracts of a $800 strike price that expires on February 23rd; the volume is 16,788 contracts with an open interest of 1,177.
Unusual Stock Options Activity
Some notable call activity is being seen in $Cameco(CCJ.US$, which is primarily being driven by activity on the March 1st Call. Volume on this contract is 18,072 versus open interest of 203.
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Daily Active Index & Sector ETF Options
Source: Barchart, Unusual Whales, Barron's, The Motley Fool
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