Options Market Statistics: Nvidia's Stock Breaks New Ground After Healthcare Partnerships and Ahead of CES, Options Pop
News Highlights
$NVIDIA(NVDA.US$ shares rose by 6.43%, closing at $522.53. Its options trading volume is 1.75 million. Call contracts account for 59.1% of the whole trading volume.The most traded calls are contracts of $520 strike price that expire on January 12th. The total volume reaches 59,836 with an open interest of 8,328. The most traded puts are contracts of a $500 strike price that expires on January 12th; the volume is 54,356 contracts with an open interest of 1,834.
Shares of Nvidia keep on rallying Monday, enough to enter record territory for the first time in nearly two months, after the semiconductor and artificial-intelligence play announced expanded partnerships in the drug-discovery space.
The stock's rally also comes ahead of the company's unveiling of new chips at the CES consumer-technology conference in Las Vegas, which takes place Jan. 9-12.
$Verizon(VZ.US$ shares fell by 0.25%, closing at $40.1. Its options trading volume is 1.54 million. Call contracts account for 97.7% of the whole trading volume.The most traded calls are contracts of $36 strike price that expire on January 19th. The total volume reaches 235,498 with an open interest of 28,576.
In early 2024, VZ stock won two upgrades to out-perform from Wolfe Research and KeyBanc Capital Markets.
Verizon's new strategy/management has reinvigorated its consumer group using simplified pricing, segmented go-to-market, and C-Band spectrum upgrades that are driving better churn and higher average revenue per user," said Oppenheimer analyst Tim Horan in a report. "We believe these trends will continue, with the network set to see a major improvement, including a 2.5 times increase in wireless capacity and improved coverage."
$AT&T(T.US$ shares fell by 0.86%, closing at $17.32. Its options trading volume is 1.13 million. Call contracts account for 97.9% of the whole trading volume.The most traded calls are contracts of $16 strike price that expire on January 19th. The total volume reaches 471,856 with an open interest of 92,121.
Unusual Stock Options Activity
Some notable put activity is being seen in $NVIDIA(NVDA.US$, which is primarily being driven by activity on the 12-Jan-2024 put. Volume on this contract is 35,086 versus open interest of 161.
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Daily Active Index & Sector ETF Options
Source: Barchart, Unusual Whales, CNBC
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