Market Overview
U.S. stocks ended higher on Friday (June 12) as investors held out hope for a peace deal between Iran and the United States and as SpaceX shares surged in their debut, making it Wall Street's biggest public listing in history.
Regarding the options market, a total volume of 73,629,407 contracts was traded, up 8% from the previous trading day.
Top 10 Option Volumes
Top 10: TSLA, NVDA, AAPL, INTC, MU, AMZN, VIX, MSFT, MSTR, HOOD
Source: Tiger Trade App
Tesla Motors gained 1.8% on Friday after the SpaceX debut. Musk is CEO of Tesla and SpaceX. It remains to be seen what company will be the crown jewel of Musk’s empire.
There are 3.62 million Tesla option contracts traded on Friday, up 7% from the previous trading day. Call options account for 61% of overall option trades. Particularly high volume was seen for the $450 strike call option expiring June 12, with 189,909 contracts trading. TSLA 20260612 450.0 CALL
NVIDIA gained 0.2% on Friday. The chip giant could be in line for a long-term boost if SpaceX makes a successful transition to public markets. Musk’s space and AI company is a big buyer of Nvidia hardware via its xAI unit and has plans to eventually put data centers in space, likely powered by Nvidia’s chips.
There are 3.16 million Nvidia option contracts traded on Friday, up 17% from the previous trading day. Call options account for 63% of overall option trades. Particularly high volume was seen for the $205 strike call option expiring June 12, with 392,280 contracts trading. NVDA 20260612 205.0 CALL
Unusual Options Activity
Source: Market Chameleon
Intel surged 6.51% on Friday after Bank of America sharply upgraded its stock rating from "Underperform" to "Buy" and substantially raised its price target. This move reflects analysts' growing confidence in Intel's long-term prospects, especially its capacity to meet the rising industry demand for advanced wafers and packaging, as well as its potential to expand presence in the AI CPU market. A string of other analysts also issued positive ratings or lifted price targets, jointly driving upbeat market sentiment.
There are 1,205,368 Intel option contracts traded on Friday, up 23% from the previous trading day. Call options account for 66% of overall option trades. Particularly high volume was seen for the $97.5 strike call option expiring September 18, with 63,836 contracts trading. INTC 20260918 97.5 CALL
Virgin Galactic tumbled 27% on Friday. Following the long-awaited IPO of SpaceX, investors have shifted focus away from smaller space-related stocks — including rocket and satellite firms — which had surged on IPO optimism. It indicates that market participants are rotating capital into Musk’s $1.8 trillion company, after previously trading these smaller space names as interim plays ahead of SpaceX’s listing.
There are 602,079 Virgin Galactic Technologies option contracts traded on Friday, up 85% from the previous trading day. Call options account for 57% of overall option trades. Particularly high volume was seen for the $4 strike put option expiring June 12, with 27,476 contracts trading. SPCE 20260612 4.0 PUT
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