Monday, the three major U.S. stock indexes closed slightly higher. As of the close, the Dow rose 0.09% to 51,078.88 points; the Nasdaq gained 0.42% to 27,086.81 points; the S&P 500 advanced 0.26% to 7,599.97 points.
Total options market volume reached 66,356,593 contracts, with call options accounting for 64%.
Top 10 Option Volumes
$NVIDIA(NVDA)surged over 6% overnight, with 4.81 million options contracts traded; June 1st expiration $222.50 strike call options saw particularly heavy volume, with 383,212 contracts changing hands.
Nvidia is entering the personal-computer market with a new chip push aimed at challenging Intel’s long-standing dominance and accelerating the modernization of AI-era PCs.
Speaking at a recent industry event, Nvidia CEO Jensen Huang said that starting this fall, the company’s new RTX Spark “superchip” will debut across notebooks and desktops from major PC makers including Dell and Lenovo. The chip combines a microprocessor and graphics processor, was co-developed with MediaTek, and is designed to run Microsoft Windows on an Arm-based architecture.
$MicronTechnology(MU)jumped over 6% overnight, with options volume hitting 800,000 contracts. June 5 expiry $1,200 strike call options saw outsized activity, with 29,112 contracts changing hands.
Wall Street analysts are lifting Micron (MU) price targets: the core thesis is that AI-led memory demand keeps expanding, while the HBM market remains effectively an oligopoly dominated by Micron, SK hynix, and Samsung. High barriers to entry—new rivals need a 2–3 year fab build-out cycle—cement pricing power. Analysts expect the supply–demand crunch to persist through FY2027–2028, with Nvidia’s next-gen chips adding incremental HBM/DRAM pull.
Unusual Options Activity
$Oracle(ORCL)surged over 9% overnight, with options volume hitting 770,000 contracts—2.2 times the 90-day average. June 5 expiry $250 strike call options saw particularly heavy volume, with 37,228 contracts changing hands.
$CoreWeave(CRWV)jumped nearly 14% overnight, with options volume hitting 510,000 contracts—2.3× the 90-day average. June 18 expiry $117 strike call options saw particularly heavy volume, with 30,204 contracts changing hands.