Option Movers｜Micron Sees 69% Call Options; Virgin Galactic's $7 Call Soars 433%
U.S. stocks advanced on Monday(Apr 6) as investors looked for signs of progress toward a U.S.-Iran ceasefire deal and evaluated President Donald Trump's progressively heated threats of escalation should Iran fail to reopen the Strait of Hormuz.
Regarding the options market, a total volume of 44,426,493 contracts was traded on Monday.
Top 10 Option Volumes
Source: Tiger Trade App
$Micron Technology(MU)$ stock rose 3% after a KeyBanc analyst reiterated his price target and rating, citing continued demand for memory.
A total number of 437.25K options related to $Micron Technology(MU)$ were traded on Monday, of which call options accounted for 69%. Particularly high volume was seen for the $400 strike call option expiring Apr. 10 with 32,303 contracts trading. $MU 20260410 400.0 CALL$
Unusual Options Activity
Source: Market Chameleon
$Virgin Galactic(SPCE)$ ’s stock soared by 24.80% on Monday. The update came amid broader sector momentum, with reports that SpaceX was preparing a potential IPO targeting a $1.75 trillion valuation, fueling optimism across the space industry.
A total number of 167,313 options related to $Virgin Galactic(SPCE)$ were traded on Monday, up 149% from the previous trading day, of which call options accounted for 91%. Particularly high volume was seen for the $7 strike call option expiring Jul. 17 with 19,747 contracts trading. $SPCE 20260717 7.0 CALL$
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