Option Movers | Circle's Volume Surges 275%; Applied Optoelectronics's $115 Call Soars 753%

Market Overview

Wall Street indexes lost ground in Tuesday (March 24)'s volatile session as investors swayed between fears of rising ​oil prices and hopes for a resolution to the U.S.-Israeli war on Iran as U.S. President Trump claimed progress in talks even as reports suggested that more American troops ‌were headed to the Middle East.

Regarding the options market, a total volume of 48,416,264 contracts was traded, down 16% from the previous trading day.

Top 10 Option Volumes

Top 10: TSLA, NVDA, MSFT, VIX, AAPL, MU, PLTR, META, AMZN, CRCL

Source: Tiger Trade App

Circle shares tumbled more than 20%, after a draft of the U.S. Clarity Act raised the prospect of strict limits on stablecoin yield.

There are 358.77K Circle option contracts traded on Tuesday, up 275% from the previous trading day. Call options account for 60% of overall option trades. Particularly high volume was seen for the $110 strike call option expiring March 27, with 15,481 contracts trading. CRCL 20260327 110.0 CALL

Unusual Options Activity

Source: Market Chameleon

Oil prices rose again on Tuesday following a steep drop on Monday. Initial relief over rumored talks between Washington and Tehran appeared to be waning. West Texas Intermediate, the standard for oil pricing in the U.S., rose 4.8% to $92.35. United States Oil Fund rose 3.6%.

There are 254.9K United States Oil Fund option contracts traded on Tuesday, down 36% from the previous trading day. Call options account for 51% of overall option trades. Particularly high volume was seen for the $100 strike put option expiring April 17, with 7,106 contracts trading. USO 20260417 100.0 PUT

Applied Optoelectronics shares jumped about 19% on Tuesday after the company announced it received a volume order exceeding $53 million from a major hyperscale customer for 800G single-mode data center transceivers.

There are 72.76K Applied Optoelectronics option contracts traded on Tuesday, up 88% from the previous trading day. Call options account for 68% of overall option trades. Particularly high volume was seen for the $115 strike call option expiring March 27, with 5,378 contracts trading. AAOI 20260327 115.0 CALL

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