Option Movers | Intel's Volume Surges 165%; ServiceNow's $85 Put Surges 172%; Avis Budget's $200 Put Soars 678%

Market Overview

U.S. stocks fell in choppy trading on Thursday (Apr. 23) as hopes dimmed for a quick end ​to the Iran war, while investors grappled with a mixed bag of earnings reports as concerns resurfaced about AI-driven disruption across the software sector.

Regarding the options market, a total volume of 63,564,838 contracts was traded, up 15% from the previous trading day.

Top 10 Option Volumes

Top 10: $TSLA(TSLA)$, $NVDA(NVDA)$, $MSFT(MSFT)$, $INTC(INTC)$, $AAPL(AAPL)$, $AMZN(AMZN)$, $AMD(AMD)$, $PLTR(PLTR)$, $MU(MU)$, $MSTR(MSTR)$

Source: Tiger Trade App

$Intel(INTC)$ forecast ​second-quarter revenue above Wall Street expectations on Thursday, underscoring booming demand for the company's server processors used for artificial intelligence in data centers. Shares of Intel surged almost 20% in ‌extended trading.

Traders made a bet on Intel before earnings. There are 923.21K option contracts traded on Thursday, up 165% from the previous trading day. Put options account for 55% of overall option trades. Particularly high volume was seen for the $60 strike put option expiring April 24, with 47,064 contracts trading. INTC 20260424 60.0 PUT

Unusual Options Activity

Source: Market Chameleon

$ServiceNow(NOW)$ reported that delays in closing several large government deals ‌in the Middle East hurt first-quarter subscription revenue growth, sending its shares down 17.8% on Thursday.

There are 923.21K ServiceNow option contracts traded on Thursday, up 165% from the previous trading day. Call options account for 61% of overall option trades. Particularly high volume was seen for the $85 strike put option expiring April 24, with 9,648 contracts trading. NOW 20260424 85.0 PUT

$Avis Budget(CAR)$ shares plummeted 48% and triggered multiple trading halts on Thursday, deepening a selloff that wiped out nearly 70% of the company's value in the past two days and marking an abrupt end to an advance that began late last month.

There are 923.21K Avis Budget option contracts traded on Thursday, up 70% from the previous trading day. Put options account for 72% of overall option trades. Particularly high volume was seen for the $200 strike put option expiring April 24, with 35,979 contracts trading. CAR 20260424 200.0 PUT

If you are interested in options and you want to:

• Share experiences and ideas on options trading.

• Read options-related market updates/insights.

• Learn more about options trading if you are a beginner in this field.

Please click to join Tiger Options Club