Option Movers|Nvidia Sees 60% Call Options; Snap's $4.5 Call Soars 750%

Option Movers
04/01

Market Overview

Wall Street ended ​sharply higher on Tuesday(Mar 31), lifted by speculation about a potential de-escalation in the Middle East conflict that has sent oil prices soaring and ‌fueled fears of global inflation in recent weeks.

Regarding the options market, a total volume of 59,113,563 contracts was traded.

Top 10 Option Volumes

Source: Tiger Trade AppSource: Tiger Trade App

NVIDIA jumped 6% on Tuesday after the company announced a $2 billion strategic investment in custom chip maker Marvell Technology and an expanded partnership to develop artificial intelligence infrastructure.

There are 2.48M NVIDIA option contracts traded on Tuesday. Call options account for 60% of overall option trades. Particularly high volume was seen for the $170 strike call option expiring Apr 1, 2026, with 94,266 contracts trading.

Unusual Options Activity

Source: Market ChameleonSource: Market Chameleon

Snap Inc 's stock surged 14% after activist investor Irenic Capital Management said that Snap could be worth at least five times as much as today's valuation but needs to cut costs, optimize its portfolio and use artificial intelligence better.

There are 295,665 Snap Inc option contracts traded on Tuesday. Call options account for 81% of overall option trades. Particularly high volume was seen for the $4.5 strike call option expiring Apr 2, 2026, with 46,712 contracts trading.

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