Wall Street indexes fell sharply on Thursday (Feb 12), with the technology-heavy Nasdaq slumping 2%, as investors intensified their selloff of tech shares and fled transport stocks amid worries about artificial intelligence disruption.
Regarding the options market, a total volume of 73,752,072 contracts was traded on Thursday, of which 50% were call options.
Top 10 Option Volumes
Top 10: NVDA, TSLA, AAPL, AMZN, PLTR, NFLX, MSTR, AMD, COIN, MU
Source: Tiger Trade App
Apple has struggled for over a year to roll out a more advanced version of its Siri personal assistant, and fears about even further delays are weighing on its stock.
The stock ended Thursday down 5%, leading to a loss of $202 billion in market capitalization on the day. It was the second-largest one-day decline for Apple ever, the data showed, behind only a $311 billion wipeout seen on April 3, 2025 in the face of tariff fears.
The stock selloff followed a Bloomberg News report that said the tech giant could postpone the rollout of long-awaited capabilities for Siri after running into issues during testing in recent weeks. Apple was reportedly planning to include new features for its virtual assistant in the upcoming iOS 26.4 operating system update in March but is now looking to release them incrementally. That could mean users have to wait for some updates in iOS 26.5, which is expected in May, and even more in the iOS 27 update in September.
A total number of 1.55 million Apple option contracts was traded on Thursday, 1.8 times higher than the 90-day average trading volume. Put options related to Apple showed huge gains on Thursday. For example, the $260 strike put options expiring this Frida soared 1,677.78% on Thursday.
Unusual Options Activity
Coinbase posted a surprise quarterly loss on Thursday, marking its first since the third quarter of 2023, as the cryptocurrency exchange was hit by weaker trading volumes during a period of broad digital-asset selloff.
Digital assets slumped in the final three months of 2025, retreating from early October record highs following U.S. President Donald Trump's new tariffs on Chinese imports and threatened export controls on critical software.
A total number of 718,931 COIN option contracts was traded on Thursday, 2.9 times higher than the 90-day average trading volume.
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