The S&P 500 .SPX closed higher on Monday(Feb 2), lifted by gains in chipmakers and other companies related to artificial intelligence, while smaller companies also rose sharply.

Regarding the options market, a total volume of 56,862,405 contracts was traded on Monday.

Top 10 Option Volumes

Source: Tiger Trade App

Robinhood Markets was the worst performer in the S&P 500 on Monday as declining cryptocurrency prices and a projected decline in prediction markets volume weighed on the brokerage stock. Shares fell 9.7% to $89.85. The stock has declined 21% in 2026, though sellers are likely notching big profits after its 200% jump last year.

A total number of 555.79K options related to Robinhood were traded on Monday, of which call options accounted for 65%. Particularly high volume was seen for the $95 strike call option expiring Feb 6, 2026, with 20,625 contracts trading. $HOOD 20260206 95.0 CALL$

Unusual Options Activity

Source: Market Chameleon

Apple shares jumped 4% on Monday as Morgan Stanley reiterates Apple as overweight. The firm says it walked away from Apple’s quarterly filing seeing a slew of positive catalysts.

A total number of 1.69M options related to Apple were traded on Monday, of which call options accounted for 70%. Particularly high volume was seen for the $270 strike call option expiring Feb 6, 2026, with 56,808 contracts trading. $AAPL 20260206 270.0 CALL$

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