Options Market Statistics: Nike Rises 4.6% on Tim Cook's $2.9M Stock Purchase
$Nike(NKE)$ entered the actives as a new addition with a bearish put/call ratio of 0.97 and an IV rank of 11.89%, reflecting protective sentiment as volume hit 0.49 million contracts against 1.66 million in open interest. Shares climbed 4.6% after disclosures revealed Apple CEO and Nike board member Tim Cook acquired $2.9 million worth of company stock, signaling confidence in the athletic brand's turnaround efforts.
$NVIDIA(NVDA)$ ranked second with a neutral put/call ratio of 0.59 and a low IV rank of 1.06%, indicating subdued volatility bets as volume reached 1.15 million contracts versus 17.61 million in open interest. Shares edged down 0.3% amid reports of a licensing deal with AI startup Groq, granting Nvidia access to its technology for potential integration into future designs.
$Intel(INTC)$ saw balanced activity with a bearish put/call ratio of 0.89 and an IV rank of 17.76%, suggesting downside caution as volume totaled 0.25 million contracts against 5.96 million in open interest. Shares slipped 0.5% following Reuters coverage that Nvidia evaluated but ultimately passed on using Intel's manufacturing process for chip production.
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