Whale Moves | SPY and VIX See Major Put Open Interest Surge; SNAP and SMCI Options Plummet

Top 20 Stocks with Most Traded Options

Today's most traded option is SPDR S&P 500 ETF (SPY), which rose by 0.04% with an option volume of 4.40 million and open interest of 16.11 million. Notably, there was an increase in open interest for the $530 put expiring May 16, 2025, by 15,750 contracts.

NVIDIA (NVDA) experienced a slight decline of 0.09%, with an option volume of 2.39 million and open interest of 21.84 million.

Tesla (TSLA) saw a significant drop of 3.38%, with 2.21 million options traded and open interest at 8.90 million.

Invesco QQQ Trust (QQQ) decreased marginally by 0.01% with 2.13 million options traded. The open interest increased for the $447 put expiring May 16, 2025, by 10,570 contracts, and the $444 put for the same expiry by 8,030 contracts.

iShares Russell 2000 ETF (IWM) fell by 0.63%, with an option volume of 1.27 million and open interest of 11.35 million. The $170 put expiring September 19, 2025, saw an increase in open interest by 5,040 contracts.

Palantir (PLTR) gained 2.03%, with options trading at 734,160 and open interest at 3.33 million.

ProShares Bitcoin ETF (BITO) dropped by 1.40%, with 730,840 options traded and open interest of 581,530.

Super Micro Computer (SMCI) witnessed a sharp decline of 11.50%, with an option volume of 713,060 and open interest of 2.45 million.

Ishares Iboxx $ High Yield Corporate Bond ETF (HYG) decreased by 0.53%, with 551,300 options traded and open interest of 7.67 million.

Meta Platforms (META) dropped 0.98%, with an option volume of 511,870 and open interest of 2.09 million.

Robinhood (HOOD) fell by 0.53%, with 483,500 options traded and open interest at 1.98 million.

Snap Inc (SNAP) saw a significant decrease of 12.43%, with 434,970 options traded and open interest of 1.78 million.

SoFi Technologies (SOFI) dropped by 5.73%, with an option volume of 403,890 and open interest of 3.26 million.

iShares 20+ Year Treasury Bond ETF (TLT) fell by 0.81%, with 399,680 options traded and open interest of 5.66 million.

Strategy (MSTR) experienced a slight decline of 0.35%, with an option volume of 399,480 and open interest of 2.17 million.

Amazon (AMZN) decreased by 1.58%, with 394,810 options traded and open interest of 4.09 million.

Apple (AAPL) rose by 0.61%, with 389,160 options traded and open interest of 4.80 million.

Microsoft (MSFT) increased by 0.31%, with an option volume of 388,710 and open interest of 2.00 million.

ProShares UltraPro QQQ ETF (TQQQ) had a minimal increase of 0.02%, with 353,090 options traded and open interest of 1.15 million.

iShares Silver Trust (SLV) dropped by 0.77%, with an option volume of 335,190 and open interest of 6.30 million.

Other Notable Moves

The CBOE Volatility Index (VIX) saw significant open interest increases in various contracts, including a $15 put expiring November 19, 2025, up by 30,020 contracts, and a $26 call expiring July 16, 2025, up by 23,050 contracts.

SPXW displayed notable increases in open interest for the $4,250 put expiring June 13, 2025, by 30,580 contracts, and the $4,300 put for the same expiry by 30,540 contracts.

XLB saw an increase in open interest for the $86 call expiring May 30, 2025, by 22,500 contracts.