Options Market Statistics: Super Micro Computer Stock Shot Up After Snagging a Coveted S&P 500 Slot
News Highlights
$NVIDIA(NVDA.US$ shares rose by 3.6%, closing at $852.37. Its options trading volume is 2.09 million. Call contracts account for 60.5% of the total trading volume. The most traded calls are contracts of $900 strike price that expire on Mar 8th. The total volume reaches 89,192 with an open interest of 7,718. The most traded puts are contracts of a $800 strike price that expires on Mar 8th; the volume is 51,702 contracts with an open interest of 5,211.
$Super Micro Computer(SMCI.US$ shares rose by 18.65%, closing at $1074.34. Its options trading volume is 0.41 million. Call contracts account for 59.1% of the total trading volume. The most traded calls are contracts of $1200 strike price that expire on Mar 8th. The total volume reaches 19,471 with an open interest of 1,734. The most traded puts are contracts of a $1000 strike price that expires on Mar 8th; the volume is 9,858 contracts with an open interest of 69.
Super Micro Computer's stock soared above the clouds after the S&P Dow Jones indices awarded it a coveted spot in the S&P 500.
After the news broke early on Monday, the 31-year-old server and computer infrastructure company hit a record rally, with shares popping more than 25% in trading, adding over $220 per share. Super Micro — which trades as SMCI on the Nasdaq — currently has a market capitalization of roughly $63 billion. The median market cap for S&P 500 companies is $33.7 billion.
Since the year began, the San Jose, California-based company has watched its stock practically erupt, fueled by the industrywide AI boom. In just over two months — or 64 days, to be precise — Super Micro's stock has gained $842 per share, or a 295% increase.
$NIO Inc(NIO.US$ shares fell by 7.79%, closing at $5.33. Its options trading volume is 0.51 million. Call contracts account for 55.6% of the total trading volume. The most traded calls are contracts of $12.5 strike price that expire on June 21st. The total volume reaches 31,695 with an open interest of 44,292. The most traded puts are contracts of a $5 strike price that expires on Mar 8th; the volume is 35,863 contracts with an open interest of 8,044.
Unusual Stock Options Activity
Some notable put activity is being seen in $Patterson-UTI Energy(PTEN.US$, which is primarily being driven by activity on the April 19th put. Volume on this contract is 34,361 versus open interest of 123.
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Daily Active Index & Sector ETF Options
Source: Barchart, Unusual Whales, Barron's, The Motley Fool
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