Options Market Statistics: Nvidia Announces 10-for-1 Stock Split in Latest Earnings Report, Shares Rise and Options Pop
News Highlights
$NVIDIA(NVDA.US$ shares ended 0.46% lower. Its options trading volume was 1.09 million. Call contracts account for 57.9% of the total trading volume. The $950 calls expiring May 24 were traded most actively.
Nvidia announced a 10-for-1 forward stock split in its fiscal first-quarter earnings report on Wednesday. The shares will begin trading on a split-adjusted basis at market open on June 10, according to a release.
Nvidia investors have enjoyed a historic rally over the past five years, with the stock price soaring by 25-fold. The company was long known as the primary maker of advanced graphics processing units (GPUs) for video games, but has emerged of late as the central hardware player in the artificial intelligence boom.
Revenue in Nvidia's fiscal first quarter soared 262% from the year earlier period, marking the third straight quarter of growth in excess of 200%.
$Starbucks(SBUX.US$ shares ended 3.86% higher. Its options trading volume was 0.42 million. Call contracts account for 55.1% of the total trading volume. The $92.5 puts expiring June 21 were traded most actively.
$Intel(INTC.US$ shares ended 1.01% lower. Its options trading volume was 0.36 million. Call contracts account for 30.8% of the total trading volume. The $36 calls expiring June 28 were traded most actively.
Unusual Stock Options Activity
There was a noteworthy activity in $Warner Bros Discovery(WBD.US$, where multiple calls have topped volume to open interest ranking. The highes volume over open interest ratio reaches 476.7x with nearly 106,305 contracts.
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Daily Active Index & Sector ETF Options
Source: Barchart, Unusual Whales, The Guardian, Bloomberg
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