Market Overview
Wall Street's main indexes closed higher on Wednesday (March 25) as oil prices fell while Iran reviewed a U.S. proposal to end the war in the Middle East, feeding investor hopes for de-escalation in the fourth week of a war that has disrupted global energy flows and stoked inflation concerns.
Regarding the options market, a total volume of 50,507,152 contracts was traded, up 4% from the previous trading day.
Top 10 Option Volumes
Top 10: $TSLA(TSLA)$, $NVDA(NVDA)$, $AMD(AMD)$, $MSFT(MSFT)$, $VIX(VIX)$, $MU(MU)$, $AMZN(AMZN)$, $AAPL(AAPL)$, $INTC(INTC)$, $META(META)$
Source: Tiger Trade App
Shares of $Intel(INTC)$ and $AMD(AMD)$ both surged more than 7% on Wednesday following a report the companies are raising chip prices.
There are 783.81K AMD option contracts traded on Wednesday, up 122% from the previous trading day. Call options account for 52% of overall option trades. Particularly high volume was seen for the $220 strike call option expiring March 27, with 48,052 contracts trading. AMD 20260327 220.0 CALL
There are 526.05K Intel option contracts traded on Wednesday, up 94% from the previous trading day. Call options account for 65% of overall option trades. Particularly high volume was seen for the $65 strike call option expiring April 17, with 18,896 contracts trading. INTC 20260417 65.0 CALL
Unusual Options Activity
Source: Market Chameleon
U.S.-listed shares of $Arm(ARM)$ rallied 16.4% after the company unveiled a new AI data center chip that is expected to bring billions of dollars in revenue.
There are 231.08K Arm option contracts traded on Wednesday, up 345% from the previous trading day. Call options account for 64% of overall option trades. Particularly high volume was seen for the $200 strike call option expiring April 17, with 9,324 contracts trading. ARM 20260417 200.0 CALL
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