Whale Moves | SPY Put Surge with Notable Open Interest Increases in $543 and $539 Strikes
2min read Top 20 Stocks with Most Traded Options
The most traded option today is SPDR S&P 500 ETF (SPY), which fell by 2.66% with a massive option volume of 6.20 million and open interest of 17.79 million. Notably, SPY saw a significant increase in open interest for puts expiring March 21, 2025, with the $543 and $539 puts increasing by 25.22K and 23.37K, respectively.
NVIDIA experienced a 5.07% drop, with an option volume of 3.62 million and open interest at 22.70 million. Despite the high trading volume, there were no significant open interest changes highlighted.
Tesla plummeted by 15.43%, with an option volume of 3.59 million and open interest of 7.84 million, but no major open interest changes were observed.
Invesco QQQ Trust fell 3.88% with a trading volume of 3.42 million and open interest of 8.06 million. Similar to tesla, no notable open interest changes were noted.
iShares Russell 2000 ETF declined by 2.52%, with 1.77 million options traded and open interest of 11.61 million. The trading activity did not translate to notable open interest shifts.
Ishares Iboxx $ High Yield Corporate Bond ETF witnessed a slight decrease of 0.38%, trading 1.19 million in options, with no significant open interest changes.
Apple saw a 4.85% drop, trading 1.17 million options with an open interest of 4.65 million, and no noteworthy open interest increase was reported.
Palantir Technologies plunged 10.05% with 827.12K options traded. Despite the volume, there were no highlighted changes in open interest.
Amazon decreased by 2.36% with a trading volume of 713.85K options, and similar to others, did not show significant changes in open interest.
Other stocks such as Strategy, iShares Bitcoin Trust, Robinhood, ProShares UltraPro QQQ ETF, Alphabet-A, Meta Platforms, iShares 20+ Year Treasury Bond ETF, Financial Select Sector SPDR Fund, Advanced Micro Devices, SoFi Technologies, and Alibaba faced declines but had no notable shifts in open interest that aligned with their high trade volumes.
Other Notable Moves
XLF saw a substantial open interest increase with the $44 put expiring April 17, 2025, increasing by 21.53K, and the $50 put expiring January 16, 2026, by 20.00K. Furthermore, the $55 call expiring December 19, 2025, increased by 15.02K, highlighting investor interest in this financial sector ETF.
XLI's $137 call expiring April 17, 2025, saw a significant open interest increase of 60.03K, suggesting notable bullish sentiment.
VIX experienced multiple open interest increases across different strikes and expiries, such as the $20 put and $25 call expiring March 18, 2025, which increased by 23.12K and 15.19K, respectively, indicating heightened volatility expectations.
XLE's $55 put expiring January 15, 2027, saw an open interest increase of 14.00K, indicating a bearish sentiment in the energy sector.
SPXW saw substantial open interest increases in multiple put options across different expiries and strikes, such as the $4600 put expiring March 11, 2025, by 15.12K.
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