Market Watch column provides a thorough analysis of stock market fluctuations and expert ratings.

Whale Moves | NVIDIA Call Options Surge with Significant Open Interest Increases

Market BriefMonday, Oct 21, 2024 8:00 pm ET

2min read

NVDA -0.11% QETH -- TSLA -3.21%

【Top 20 Stocks with Most Traded Options】

SPDR S&P 500 ETF (SPY) decreased by 0.16% with an option volume of 6.45M and open interest of 18.31M.

Invesco QQQ Trust (QQQ) increased by 0.19%, showing an option volume of 3.89M and open interest of 8.14M.

NVIDIA (NVDA) saw a significant rise of 4.14% with an option volume of 3.57M and open interest of 25.19M. Notably, open interest for the $142 call expiring October 25, 2024, increased by 109.58K, and the $148 call expiring on the same date increased by 92.92K.

iShares Russell 2000 ETF (IWM) declined by 1.57%, with an option volume of 1.29M and open interest of 10.47M.

Tesla (TSLA) fell by 0.84%, with an option volume of 746.45K and open interest of 6.14M.

iShares 20+ Year Treasury Bond ETF (TLT) dropped by 1.75%, with an option volume of 694.84K and open interest of 5.11M.

iShares Silver Trust (SLV) increased by 0.69%, with an option volume of 693.59K and open interest of 5.20M.

iShares China Large-Cap ETF (FXI) decreased by 1.34%, with an option volume of 558.05K and open interest of 7.76M.

Apple (AAPL) rose by 0.63%, with an option volume of 492.94K and open interest of 5.50M.

Amazon (AMZN) saw a slight increase of 0.04%, with an option volume of 344.63K and open interest of 3.53M.

SoFi Technologies (SOFI) jumped by 2.16%, with an option volume of 328.33K and open interest of 2.92M.

SPDR Gold ETF (GLD) had a minor decrease of 0.02%, with an option volume of 320.38K and open interest of 2.55M.

Advanced Micro Devices (AMD) gained 1.24%, with an option volume of 318.74K and open interest of 2.69M.

Super Micro Computer (SMCI) increased by 1.14%, with an option volume of 309.74K and open interest of 3.77M.

iShares MSCI Emerging Markets ETF (EEM) decreased by 0.70%, with an option volume of 289.28K and open interest of 9.25M.

Ishares Iboxx $ High Yield Corporate Bond ETF (HYG) fell by 0.40%, with an option volume of 254.41K and open interest of 4.04M.

MARA Holdings (MARA) dropped by 0.90%, with an option volume of 247.66K and open interest of 1.33M.

Palantir (PLTR) decreased by 0.63%, with an option volume of 242.02K and open interest of 2.78M.

Centene (CNC) fell by 1.64%, with an option volume of 240.75K and open interest of 91.62K.

MicroStrategy (MSTR) increased by 1.48%, with an option volume of 239.76K and open interest of 1.78M.

【Other Notable Moves】

Sirius XM (SIRI) saw substantial open interest increases across several options, including the $3.50 call expiring January 16, 2026, by 91.73K, and the $3.50 put expiring January 17, 2025, by 86.45K.

VIX saw notable open interest increases in its $15 put expiring November 20, 2024, by 60.18K, and the $14 put expiring December 18, 2024, by 20.95K.

JetBlue Airways (JBLU) observed an open interest increase of 36.56K for the $8 call expiring October 25, 2024.

PDD had an open interest increase of 18.55K for the $140 call expiring November 8, 2024.

Comments

Add a public comment...

Post

falcongrinder

10/22

Global chip stocks continue to tank as ASML's sales forecast falls short, with potential US export restrictions on the horizon, causing chaos in the global chip market. Key Points European and Asian chip stocks took a hit this Wednesday, following a disheartening sales outlook from Dutch-based semiconductor equipment provider ASML, sending shockwaves through global chip stocks. In the European scene, ASML's shares extended losses into the second day, dropping 4% of its value, while in Asia, Japan's Tokyo Electron logged the biggest losses, dropping nearly 10%. ASML's CEO Christophe Fouquet expressed caution among customers in the company's early released results, stating that the recovery is 'more gradual than previously expected.' This grim outlook sent shockwaves through global chip stocks, with ASML's shares plummeting 16% on Tuesday, losing a staggering $53.6 billion from its market capitalization. The decline in ASML's shares dragged other European semiconductor firms into the red on Wednesday, including ASMI, whose shares fell 2.3%, and fellow Dutch-based chip equipment maker BE Semionductor, whose shares dropped 1.9%. Meanwhile, in the Asian region, Tokyo Electron of Japan saw its shares shed nearly 10%, while Renesas Electronics and Advantest, a testing equipment supplier, both fell over 3% and 0.8%, respectively. Taiwan Semiconductor Manufacturing Company and Hon Hai Precision Industry, known as Foxconn, saw their shares drop by 3.3% and 1.6%, respectively, while Samsung, the world's largest DRAM chip maker, saw its shares dip 1.9%. This downturn in the semiconductor sector also had a ripple effect on major stock indexes, with Japan's Nikkei 225 losing more than 2%, South Korea's Kospi dipping 0.6%, and the Taiwan Weighted Index sliding 0.7%. ASML's early report on Tuesday painted a bleak picture for the future, with the company projecting net sales for 2025 to be between 30 billion euros and 35 billion euros ($32.7 billion and $38.1 billion), at the lower half of the range they had previously provided. Their net bookings for the September quarter came in at 2.6 billion euros ($2.83 billion), significantly below the consensus estimate of 5.6 billion euros. Despite this, ASML's net sales managed to beat expectations, coming in at 7.5 billion euros, according to the company. Their CEO's warning of cautiousness among customers and the 'more gradual' recovery compared to earlier expectations sent a wave of anxiety through the market, with ASML's 16% drop sending other global chipmakers reeling as well. Nvidia saw its shares fall 4.7%, while AMD lost 5.2%, and Bloomberg reported on Tuesday that the Biden administration was considering limiting sales of advanced AI chips from Nvidia to certain countries in the interest of national security, further dampening investor sentiment in the semiconductor sector. ASML is facing a more challenging business outlook in China due to US and Dutch export restrictions on its shipments, and CFO Roger Dassen said on Tuesday that he expects the company's China business to 'come in at around 20% of our total revenue for next year.' ASML's June-quarter earnings presentation revealed that 49% of its sales come from China, and while Eugene Hsiao, head of China equity strategy at Macquarie Capital, said on CNBC's "Squawk Box Asia" on Wednesday, 'it makes a lot of sense' for ASML to continue working with China from the "economic perspective", there are 'broader issues between governments going into economic problems.'

joe4942

Is trading really more beneficial than investing in a successful stock like NVIDIA? I've been trading for a couple of months now and have managed to achieve an average return of 20% during this period. However, I often find myself questioning the value of putting in all the effort to trade, when I could simply invest in a steadily growing stock like NVIDIA and see similar returns. Additionally, I'm no economist or investment expert, which makes me feel incredibly lucky with my successes so far. I wonder if this luck will hold true in the long run.

NoAd7400

Got any companies you'd like to short? I'm on the lookout for stocks that could see 70-100% growth in 2024. Like most folks, I've set up an index ETF portfolio, and I'm looking to protect it against the risk of a "doom scenario." We've been preparing for this since 2021. Of course, we all have our own opinions on which companies are great and which stocks to buy, but I'm more interested in easy short ideas. To me, that means looking for stocks with no growth potential, high regulatory risk, and sky-high valuations. I'm also keeping an eye on stocks with excessive media attention, as this can quickly change the narrative. A couple of ideas I've come across recently include Tesla (although who knows if they'll actually deliver), Walmart (given the growing popularity of digital), and Uber (as a discretionary spending option during a recession). Additionally, I've noticed that Uber's stock tends to spike up when Tesla's stock falls, which makes me uncomfortable as I prefer to base my investments on a company's own merits rather than the failure of others. Lastly, I've heard some people mention Vici as a potential short, citing their exposure to casinos, hotels, and resorts during a recession. However, I'll leave it up to you to "murder me" if you disagree with this assessment, as I know there are many different opinions out there.

Relevations

TL;DR | 16 Oct 2024 - A roundup of today's announcements affecting the market. TODAY'S HEADLINES Apple (AAPL) - Announces new features and updates to its iPhone and iPad lineup. Microsoft (MSFT) - Reports strong earnings and outlines new business strategies. Tesla (TSLA) - Delays the release of its highly anticipated Cybertruck. Amazon (AMZN) - Launches a new line of Echo devices and expands its Prime membership benefits. Alphabet (GOOGL) - Unveils new AI capabilities for Google Search and launches a beta version of its Health Services app.

Alert-Reveal5217

Why You Should Be Watching Grandmaster OBI on YouTube Right Now: Tesla Price Predictions, Game-Changing Stock Alerts, and Dominating the Market Why You Should Be Watching Grandmaster OBI on YouTube Right Now: Tesla Price Predictions, Game-Changing Stock Alerts, and Dominating the Market Holy moly, folks! Did you hear about the incredible 1,930% gain that $DRUG delivered after OBI called it in premarket trading? That's insane, and it's just one example of how OBI consistently finds winning plays before everyone else. And speaking of winning, remember when OBI alerted STEC for an entry price of just $0.33? In just 48 hours, it shot up to $4.69, earning a staggering 1,321% gain. That's right - no other YouTuber or financial advisor is delivering results like OBI. But here's the thing: OBI doesn't just predict winners, he predicts them before anyone else does. That's why people are starting to compare him to Roaring Kitty, the legendary trader who dominated the market just a few years ago. So if you want to be in the know about the next big stock winners, you need to be watching OBI right now.

Zhukov-74

$TSLA it's frustrating to see the amount of political nonsense on this stock forum. I mean, come on, everyone here is supposed to be interested in stocks, right? But no, we have to deal with liberal bs as well. Fuckin' demoncrats suck, all of em.

SuperNewk

One day, $NVDA could reach a share price of 300.

No More Comment