Market Overview
U.S. stocks ended mostly higher on Monday (June 8), led by gains in the Nasdaq and chipmakers as investors sought bargains after Friday's sharp selloff.
Regarding the options market, a total volume of 60,667,966 contracts was traded, down 36.2% from the previous trading day.
Top 10 Option Volumes
Top 10: TSLA, NVDA, AAPL, MSFT, VIX, AMZN, INTC, MU, META, NOK
Source: Tiger Trade App
Apple stocks down 1.89% after the company announced the Siri revamp at its annual Worldwide Developers Conference at its Cupertino, California, headquarters. Investors may be having a "sell-on-the-news" response, said Bruce Zaro, managing director at Granite Wealth Management in Plymouth, Massachusetts.
There are 2.18M Apple option contracts traded on Monday, up 16% from the previous trading day. Call options account for 59% of overall option trades. Particularly high volume was seen for the $300 strike put option expiring June 8, with 90,177 contracts trading. AAPL 20260608 300.0 PUT
Intel shares gained 11.2% after news website the Information reported that Alphabet's Google had placed an order to manufacture more than 3 million tensor processing units in 2028.
There are 696.47K Intel option contracts traded on Monday, down 26% from the previous trading day. Call options account for 69% of overall option trades. Particularly high volume was seen for the $120 strike call option expiring June 12, with 31,139 contracts trading. INTC 20260612 120.0 CALL
Unusual Options Activity
Source: Market Chameleon
Marvell Technology jumped 9.6% as the chipmaker was set to join the benchmark S&P 500 before the start of trading on June 22.
There are 415,823 Marvell option contracts traded on Monday, down 12% from the previous trading day. Call options account for 73% of overall option trades. Particularly high volume was seen for the $300 strike call option expiring June 12, with 25,184 contracts trading. MRVL 20260612 300.0 CALL
Galaxy Digital Holdings stock surged Monday after its chief executive said the company expects to have all the capacity at its West Texas data center leased within the next few months.
There are 114,267 GLXY option contracts traded on Monday, up 135% from the previous trading day. Call options account for 92% of overall option trades. Particularly high volume was seen for the $31 strike call option expiring June 26, with 15,831 contracts trading. GLXY 20260626 31.0 CALL
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