Whale Moves | NVDA $125 Put Open Interest Spike, VIX Calls Surge Amidst Volatility Hedge Demand

Top 20 Stocks with Most Traded Options

SPDR S&P 500 ETF (SPY) was today's most traded option, with the stock moving +2.63% on a volume of 2.36M options and an open interest of 23.22M.

NVIDIA (NVDA) experienced a +2.63% increase, with 2.36M options traded and an open interest of 23.22M. Notably, the $125 put expiring August 23, 2024, saw a significant increase in open interest, reflecting potential hedging activity from investors.

Invesco QQQ Trust (QQQ) saw a +0.42% movement, with 1.38M options traded and an open interest of 7.05M.

Tesla (TSLA) slightly decreased by -0.03%. It had an option volume of 1.17M and an open interest of 6.79M.

Intel (INTC) recorded a -2.20% decline, with 1.07M options traded and an open interest of 5.20M.

Super Micro Computer (SMCI) rose significantly by +13.32% with an option volume of 889.74K and an open interest of 3.15M.

KraneShares CSI China Internet ETF (KWEB) increased by +3.81%, trading 790.97K options with an open interest of 2.98M.

iShares 20+ Year Treasury Bond ETF (TLT) was up by +0.53%, with 643.16K options traded and an open interest of 5.46M.

Apple (AAPL) gained +1.27%, with an option volume of 600.13K and an open interest of 4.43M.

Palantir (PLTR) increased by +1.06%, with options traded at 555.39K and an open interest of 3.28M.

Alibaba (BABA) saw a +4.34% rise, with 535.87K options traded and an open interest of 2.62M.

iShares Russell 2000 ETF (IWM) had a slight decrease of -0.08%, with an option volume of 534.91K and an open interest of 10.12M.

Industrial Select Sector SPDR Fund (XLI) dropped by -0.25%, trading 527.04K options with an open interest of 609.24K.

Strategy (MSTR) recorded a +3.94% increase, with 513.38K options traded and an open interest of 1.94M.

iShares China Large-Cap ETF (FXI) rose by +2.58% with 486.21K options traded and an open interest of 4.14M.

SoFi Technologies (SOFI) increased by +6.71%, with options volume reaching 445.99K and an open interest of 2.77M.

Meta Platforms (META) was up by +1.11%, with 437.50K options traded and an open interest of 1.88M.

iShares Silver Trust (SLV) saw a -0.51% drop, with an option volume of 431.56K and an open interest of 6.02M.

Advanced Micro Devices (AMD) gained +1.15%, with options traded at 399.62K and an open interest of 3.74M.

SoundHound AI (SOUN) experienced a significant decline of -28.10%, with 385.45K options traded and an open interest of 736.60K.

Other Notable Moves

VIX options saw substantial open interest increases, notably the $30 call expiring May 21, 2025, with an increase of 20.13K, and the $16 call expiring February 19, 2025, with an increase of 19.39K. These changes suggest growing investor interest in volatility hedges.