Options Market Statistics: Weak Jobs Data Boosts Rate Cut Expectations, Tech Giants Drive Nasdaq Rebound
$Alphabet(GOOGL)$ saw robust options activity with 1.72M contracts traded and a low put-call ratio of 0.49, indicating strong bullish sentiment at elevated IV Rank of 19.79%; shares soared 9.14% to close at $230.66—an all-time high—outpacing the broader market (S&P 500 +0.51%, Nasdaq +1.02%), following a federal judge's ruling on limited remedies in the U.S. government's antitrust case against Google, avoiding a breakup and allowing continued default search deals.
There was a noteworthy activity in $Alphabet(GOOGL)$ , with $225 puts topping the highest volume to open interest ranking. The highest volume over open interest ratio reaches 342.8x with 55,879 contracts.
$Apple(AAPL)$ attracted significant options flow with 1.19M contracts and a bullish put-call ratio of 0.43, signaling upside positioning amid IV Rank of 12.28%; the stock climbed 4.3% to $237.00, benefiting indirectly from the Google antitrust decision, which confirmed Google won't be barred from paying Apple approximately $20B annually to remain the default search provider on iOS devices, preserving a key revenue stream.
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