Option Movers | Micron's $350 Put Shows High Put Open Interest; AST SpaceMobile's $100 Call Sees High Volume

Option_Movers
03-04 18:44

U.S. stocks ended sharply lower on Tuesday as investors worried the Middle East ​conflict may persist long enough to ramp up inflation.

Regarding the options market, a total volume of 60,286,087 contracts was traded on Tuesday, of which 54% were call options.

Top 10 Option Volumes

Top 10: $NVDA(NVDA)$, $TSLA(TSLA)$, $MSFT(MSFT)$, $AAPL(AAPL)$, $PLTR(PLTR)$, $AMZN(AMZN)$, $NFLX(NFLX)$, $MU(MU)$, $AMD(AMD)$, $SOFI(SOFI)$

Shares of $Micron Technology(MU)$ pulled back sharply after a strong prior rally, underscoring heightened volatility in AI-linked semiconductor names.

The stock closed Tuesday at $379.68, down roughly 8% on the day, or $32.99 from the previous session. The retreat appears tied to a broader valuation reset in AI memory plays, profit-taking by institutional investors, and weakness across the semiconductor sector.

Investors are closely monitoring supply-demand dynamics and pricing trends for HBM and DDR5 products. Options activity has intensified in recent sessions, with elevated volatility signaling a more cautious near-term tone.

There are 469.23K MU option contracts traded on Tuesday, of which 60% were call options. IV percentile soars to 95.62%, meaning current IV levels exceed roughly 95% of historical readings. The $350 put open interest reaches 9,344 contracts, indicating strong perceived downside support.

Unusual Options Activity

$AST SpaceMobile(ASTS)$ rose 6.6% on Tuesday. TELUS and AST SpaceMobile said Tuesday they have signed a deal to bring space-based cellular broadband service to rural Canada.

Under the deal, TELUS will invest in ground-based satellite infrastructure and become an equity stakeholder in $AST SpaceMobile(ASTS)$, the companies said.

There are 193,209 ASTS option contracts traded on Tuesday, 1.8 times higher than the 90-day average trading volume.

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