Option Movers | Netflix Sees 80% Call Options; ServiceNow's $110 Call Soars 439%

Option Movers54 minutes ago

Market Overview

The Nasdaq and ‌the benchmark S&P 500 closed ​lower on Monday (May 18) as ​investors took some profits in technology stocks while surging Treasury yields and high oil prices fueled concerns that inflation and borrowing costs could stay elevated.

Regarding the options market, a total volume of 62,226,960 contracts was traded, down 17.5% from the previous trading day.

Top 10 Option Volumes

Top 10: NVDA, TSLA, VIX, MSFT, AAPL, AMZN, MU, INTC, NFLX, META

Source: Tiger Trade App

The world's most valuable company, NVIDIA, ​is scheduled to report results on Wednesday. The chipmaker was the S&P 500's biggest index-point drag on Monday, falling 1.3%. Expectations are high for the company, whose shares have risen sharply from a March low, while the Philadelphia SE Semiconductor Index has surged this year on strong demand for AI-related chips.

There are 3.94 million Nvidia option contracts traded on Monday, down 15% from the previous trading day. Call options account for 67% of overall option trades. Particularly high volume was seen for the $222.5 strike call option expiring May 18, with 315,804 contracts trading. NVDA 20260518 222.5 CALL

Netflix shares gained 3% on Monday. BofA Securities reiterated a Buy rating and $125.00 price target on Netflix stock.

There are 445.16K Netflix option contracts traded on Monday, down 12% from the previous trading day. Call options account for 80% of overall option trades. Particularly high volume was seen for the $90 strike put option expiring May 22, with 57,754 contracts trading. NFLX 20260522 90.0 CALL

Unusual Options Activity

Source: Market Chameleon

Shares of ServiceNow surged 8.8% on Monday, leading the S&P 500 for the session. Bank of America reinstated coverage of ServiceNow with a Buy rating and $130 price target, writing that while AI is disrupting the software landscape it thinks ServiceNow stands to benefit from AI solutions.

There are 420,467 ServiceNow option contracts traded on Monday, up 17% from the previous trading day. Call options account for 83% of overall option trades. Particularly high volume was seen for the $110 strike call option expiring May 22, with 63,258 contracts trading. NOW 20260522 110.0 CALL

Chevron shares jumped 3% on Monday. Chevron is trading ex-dividend on May 19th, 2026. Shareholders of record on May 19th, 2026 will receive 0.2293 CAD dividend per share on June 17th, 2026. The ex-dividend date is May 19th, 2026.

There are 174,000 Chevron option contracts traded on Monday, up 190% from the previous trading day. Call options account for 92% of overall option trades. Particularly high volume was seen for the $170 strike call option expiring June 26, with 31,337 contracts trading. CVX 20260626 170.0 CALL

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