Market Overview

U.S. stocks fell on Thursday(Mar 12), as Iranian strikes on two oil tankers sent crude prices surging toward $100 per barrel, further exacerbating inflation ‌fears and sending investors fleeing equity markets.

Regarding the options market, a total volume of 60,027,371 contracts was traded.

Top 10 Option Volumes

Ondas Holdings Inc. , a provider of private wireless, drone, and automated data solutions, closed Thursday at $10.33, up 5.09%. The stock moved higher after news of a partnership that will combine its autonomous robot technology with Palantir‘s AI platforms and World View’s balloon intelligence.

There are 481.04K Ondas Holdings Inc. option contracts traded on Thursday, up 115% from the previous trading day. Call options account for 71% of overall option trades. Particularly high volume was seen for the $5 strike put option expiring Jan 21, 2028 with 41,244 contracts trading.

Unusual Options Activity

United States Oil Fund LP shares surged 10% on Thursday as oil prices jumped back toward $100 a barrel Thursday after Iran's new leader said the Strait of Hormuz -- the main conduit for global supplies -- should remain closed.

There are 526,020 United States Oil Fund LP option contracts traded on Thursday, up 24% from the previous trading day. Call options account for 55% of overall option trades. Particularly high volume was seen for the $110 strike put option expiring Mar 13, with 15,611 contracts trading.

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