The S&P 500 and Nasdaq notched record high closes on Tuesday(May 5), lifted by Intel and other AI-related stocks, as a U.S.-Iran ceasefire held firm and investors focused on strong quarterly earnings.
Regarding the options market, a total volume of 54,794,767 contracts was traded.
Top 10 Option Volumes
Apple has held exploratory discussions about using Intel and Samsung Electronics to produce the main processors for its devices, Bloomberg News reported on Monday, citing people familiar with the deliberations. U.S.-listed shares of Intel rose 13% on Tuesday.
There are 1.47M option contracts traded on Tuesday, up 119% from the previous trading day. Put options account for 50% of overall option trades. Particularly high volume was seen for the $110 strike call option expiring May 8, with 58,874 contracts trading. $INTC 20260508 110.0 CALL$
Unusual Options Activity
Micron Technology's stock jumped 11% on Tuesday following a report from IDC that indicated the memory-chip market could break from its historical cyclical patterns.
There are 1.08M option contracts traded on Tuesday, up 61% from the previous trading day. Call options account for 58% of overall option trades. Particularly high volume was seen for the $700 strike call option expiring May 8, with 36,987 contracts trading. $MU 20260508 700.0 CALL$
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