Options Market Statistics: Nvidia Drops Nearly 17% Amid Pressure From Chinese AI Startup DeepSeek

News Highlights

1. $NVIDIA (NVDA.US)$'s shares plunged almost 17% in Monday's trading, with the most traded calls are contracts of $130 strike price that expire on Jan 31 and the total volume reaching 229,046 with the open interest of 4,662, while the most traded puts are contracts of $120 strike price that expire on Jan 31.

US tech giant Nvidia lost over a sixth of its value after the surging popularity of a Chinese artificial intelligence (AI) app spooked investors in the US and Europe.

DeepSeek, a Chinese AI chatbot reportedly made at a fraction of the cost of its rivals, launched last week but has already become the the most downloaded free app in the US.

AI chipmaker Nvidia and other tech firms connected to AI, including Microsoft and Google, saw their values tumble on Monday in the wake of DeepSeek's sudden rise.

Unusual Stock Options Activity

There was a noteworthy activity in $NVIDIA (NVDA.US)$, with $124 calls topping the highest volume to open interest ranking. The highest volume over open interest ratio reaches 317.0x with 63,078 contracts.

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Source: Barchart, Unusual Whales, The Guardian, Bloomberg, MarketWatch

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