Market Overview
U.S. stocks lost steam on Tuesday (Mar. 10), with the S&P 500 giving up early gains to skid into negative territory as investors weighed fading hopes for an earlier-than-expected end to the U.S.-Israeli war on Iran against a backdrop of renewed military threats and ongoing worries of economic stagflation.
Regarding the options market, a total volume of 54,141,943 contracts was traded, down 12% from the previous trading day.
Top 10 Option Volumes
Top 10: NVDA, TSLA, VIX, MSFT, ORCL, AAPL, NIO, AMZN, MU, INTC
Source: Tiger Trade App
Oracle on Tuesday predicted that the AI data center boom will power its revenue above Wall Street estimates well into 2027, sending its shares up 8.7% in extended trading.
Traders made a bet on ahead of Oracle earnings. There are 612.67K option contracts traded on Tuesday, up 133% from the previous trading day. Call options account for 63% of overall option trades. Particularly high volume was seen for the $160 strike call option expiring March 13, with 31,561 contracts trading. ORCL 20260313 160.0 CALL
Unusual Options Activity
Source: Market Chameleon
NIO shares surged 15.4% on Tuesday. The Chinese electric-vehicle maker reported its first-ever quarterly profit, reaching a milestone that follows a decade of cash burn and lifting the company’s listed shares.
There are 558.43K NIO option contracts traded on Tuesday, up 250% from the previous trading day. Call options account for 80% of overall option trades. Particularly high volume was seen for the $5.5 strike call option expiring March 13, with 73,197 contracts trading. NIO 20260313 5.5 CALL
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