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Whale Moves | SPY $571 Put and IWM Puts See Major Open Interest Surge

Market BriefThursday, Oct 24, 2024 8:00 pm ET

2min read

【Top 20 Stocks with Most Traded Options】

SPDR S&P 500 ETF (SPY) saw a +0.22% increase with an options volume of 6.29M and open interest of 19.34M. Notably, the $571 put expiring October 24, 2024, observed an increase in open interest by 22.33K.

Tesla (TSLA) surged by +21.92% with options volume reaching 5.21M and open interest at 6.79M.

Invesco QQQ Trust (QQQ) gained +0.81% with 3.69M options traded and open interest standing at 8.81M.

NVIDIA (NVDA) experienced a +0.61% rise with 2.64M options traded and open interest at 26.43M.

iShares Russell 2000 ETF (IWM) increased by +0.22% with an options volume of 802.79K and open interest at 10.81M. The $208 put expiring November 15, 2024, saw a rise in open interest by 35.22K, and the $209 put with the same expiration increased by 22.68K.

SoFi Technologies (SOFI) climbed +4.89% with 767.11K options traded and open interest at 3.13M.

Apple (AAPL) had a slight dip of -0.08% with options volume of 518.00K and open interest at 5.85M. The $265 call expiring February 21, 2025, saw an open interest increase by 40.90K.

Industrial Select Sector SPDR Fund (XLI) fell -0.69% with options volume of 494.85K and open interest at 701.70K.

iShares 20+ Year Treasury Bond ETF (TLT) gained +0.64% with options volume of 464.68K and open interest at 5.50M.

MicroStrategy (MSTR) surged +10.25% with 453.37K options traded and open interest at 1.91M.

iShares Silver Trust (SLV) slightly decreased by -0.07% with options volume of 379.79K and open interest at 5.64M.

Ishares Iboxx $ High Yield Corporate Bond ETF (HYG) increased by +0.29% with options volume of 358.21K and open interest at 4.47M.

Super Micro Computer (SMCI) rose +1.92% with 329.06K options traded and open interest at 4.01M.

Advanced Micro Devices (AMD) edged up +0.35% with options volume of 327.79K and open interest at 2.89M.

Direxion Daily TSLA Bull 2X Shares (TSLL) jumped +43.73% with 315.79K options traded and open interest at 444.93K.

Amazon (AMZN) saw a +0.90% increase with options volume of 305.20K and open interest at 3.75M.

Palantir (PLTR) went up +2.28% with 302.91K options traded and open interest at 2.96M.

MARA Holdings (MARA) gained +0.83% with options volume of 282.22K and open interest at 1.48M.

Alibaba (BABA) declined -1.67% with 278.09K options traded and open interest at 2.66M.

Coinbase (COIN) rose +5.14% with options volume of 275.88K and open interest at 1.03M.

【Other Notable Moves】

Sirius XM (SIRI) saw significant open interest increases across various options, including the $3.50 call and put expiring January 17, 2025, with increases of 91.73K and 86.45K respectively. The $4.00 call expiring January 16, 2026, increased by 71.78K. Other notable increases include the $5.00 call expiring January 17, 2025, with 64.69K and the $7.00 call with 42.18K.

iShares MSCI Brazil ETF (EWZ) saw an increase in the $28 put expiring November 15, 2024, by 43.78K, and the $28.50 call expiring November 1, 2024, by 25.06K.

Maxeon Solar Technologies (MAXN) had an increase in the $0.50 call expiring January 16, 2026, by 35.49K.

Southwestern Energy (SWN) saw a rise in the $7.00 call expiring January 17, 2025, by 28.54K.

Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.