The S&P 500 ended lower on Thursday(May 7), with Intel and other chip stocks retreating after a recent rally, while uncertainty around U.S.-Iran peace talks weighed on the wider market.
Regarding the options market, a total volume of 68,023,617 contracts was traded.
Top 10 Option Volumes
Source: Tiger Trade App
Qualcomm gained 5% on Thursday. The upward movement in Qualcomm's stock appears to be driven by a confluence of positive developments, primarily centered around its expanding presence in the artificial intelligence sector and new product introductions. Investors are reacting favorably to the company's strategic diversification beyond its traditional smartphone segment.
There are 548.65K option contracts traded on Wednesday, up 133% from the previous trading day. Call options account for 75% of overall option trades. Particularly high volume was seen for the $220 strike call option expiring May 8, with 27,787 contracts trading. $QCOM 20260508 220.0 CALL$
Unusual Options Activity
Source: Market Chameleon
CoreWeave Inc raised the lower end of its annual capital expenditure forecast on Thursday, citing a rise in the prices of components, sending the cloud infrastructure technology company's shares down more than 6% in premarket trading.
There are 397,650 option contracts traded on Wednesday, up 76% from the previous trading day. Put options account for 58% of overall option trades. Particularly high volume was seen for the $105 strike put option expiring May 15, with 26,047 contracts trading. $CRWV 20260515 105.0 PUT$
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