LB Select
2024.01.24 07:36
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US Stock Options | Market cools down, but BABA-SWR trading volume soars! AMD, Apple calls are in high demand.

Alibaba's options trading surged to 665,000 contracts, surpassing Nvidia and AMD to become the second largest overnight options trading volume, second only to Tesla. Among them, 85% of the options were bullish, with nearly 60,000 contracts for Alibaba calls with a strike price of $75.

Overnight, the three major U.S. stock indexes had mixed performances, with technology stocks and Chinese concept stocks generally rising.

Overview of U.S. Stock Options Trading

The top ten U.S. stock options trading on the day were: Tesla, Alibaba, Nvidia, AMD, Apple, Netflix, Amazon, Spirit Airlines, NIO-SW, and AT&T.

Among them:

Tesla saw a slight increase, with options trading falling to 1.17 million contracts, and the proportion of call options was 53.8%. Nearly 50,000 call options with a strike price of $215 and an expiration date of January 26 were traded.

Alibaba rose nearly 8%, with options trading surging to 665,000 contracts, and the proportion of call options was 85%. Nearly 60,000 call options with a strike price of $75 were traded.

Nvidia saw a slight increase, with options trading falling to 650,000 contracts, and the proportion of call options was 56.9%. Over 40,000 call options with a strike price of $600 were traded.

AMD saw a slight increase, with options trading falling to 640,000 contracts, and the proportion of call options was 64.6%. Over 90,000 call options with a strike price of $170 were traded.

Apple rose nearly 1%, with options trading falling to 600,000 contracts, and the proportion of call options was 64%. 65,000 call options with a strike price of $195 were traded.

Netflix rose over 1%, with options trading surging to 325,000 contracts, and the proportion of call options was 55.9%.

Both Amazon and Spirit Airlines had options trading exceeding 320,000 contracts, with call options being the dominant ones.

NIO-SW rose nearly 4%, with options trading increasing to 310,000 contracts, and the proportion of call options was 76%.

There was unusual activity in call options for Vale, with over 50,000 contracts traded for call options with a strike price of $14 and $15 and an expiration date of February 16.