Option Movers｜Nvidia Sees 60% Call Options; Snap's $4.5 Call Soars 750%
Market Overview
Wall Street ended sharply higher on Tuesday(Mar 31), lifted by speculation about a potential de-escalation in the Middle East conflict that has sent oil prices soaring and fueled fears of global inflation in recent weeks.
Regarding the options market, a total volume of 59,113,563 contracts was traded.
Top 10 Option Volumes
Source: Tiger Trade App
$NVIDIA(NVDA)$ jumped 6% on Tuesday after the company announced a $2 billion strategic investment in custom chip maker Marvell Technology and an expanded partnership to develop artificial intelligence infrastructure.
There are 2.48M $NVIDIA(NVDA)$ option contracts traded on Tuesday. Call options account for 60% of overall option trades. Particularly high volume was seen for the $170 strike call option expiring Apr 1, 2026, with 94,266 contracts trading.
Unusual Options Activity
Source: Market Chameleon
$Snap Inc(SNAP)$ 's stock surged 14% after activist investor Irenic Capital Management said that Snap could be worth at least five times as much as today's valuation but needs to cut costs, optimize its portfolio and use artificial intelligence better.
There are 295,665 $Snap Inc(SNAP)$ option contracts traded on Tuesday. Call options account for 81% of overall option trades. Particularly high volume was seen for the $4.5 strike call option expiring Apr 2, 2026, with 46,712 contracts trading.
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
$(NVDA)$ $(SNAP)$Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
