Wall Street ended sharply lower on Friday(Mar 20), with the S&P 500 closing at its lowest in six months, as the U.S.-Israeli war against Iran entered its fourth week, deepening worries about inflation and the potential for higher interest rates.
Regarding the options market, a total volume of 70,266,044 contracts was traded on Friday.
Top 10 Option Volumes
Source: Tiger Trade App
Shares of NVIDIA fell 3% to $172.70 on Friday, dipping below their 200-day moving average of $178.44. Through Thursday, Nvidia’s stock had closed above the 200-day moving average for 214 straight trading days, according to Dow Jones Market Data. The DeepSeek scare and uncertainty about tariffs caused shares to slip below the line from January to May of last year — but prior to that, Nvidia had closed above the 200-day moving average for a record of 509 straight days.
A total number of 3.28 million options related to NVIDIA were traded on Friday, of which put options accounted for 57%. Particularly high volume was seen for the $150 strike put option expiring Mar 27, with 108,756 contracts trading. $NVDA 20260327 150.0 PUT$
Unusual Options Activity
Source: Market Chameleon
SUPER MICRO COMPUTER INC said the U.S. Attorney’s Office for the Southern District of New York unsealed an indictment of three individuals associated with the company over an alleged conspiracy to commit export-control violations. Super Micro tumbled 33% on Friday.
A total number of 1.31 million options related to SUPER MICRO COMPUTER INC were traded on Friday, four times higher from the previous trading day, of which put options accounted for 49%. Particularly high volume was seen for the $20 strike put option expiring Mar 27, with 63,557 contracts trading. $SMCI 20260327 20.0 PUT$
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