Option Movers｜Nvidia's $170 Put Soars 122%; Lyft's $25 Call Soars 200%
The Nasdaq and the S&P 500 closed lower in choppy trading on Wednesday(Sep 17), after the U.S. Federal Reserve cut interest rates by an expected 25 basis points and Fed Chair Jerome Powell cited the weak job market.
Regarding the options market, a total volume of 61,924,019 contracts was traded on Wednesday, up 26% from the previous trading day.
Top 10 Option Volumes
Source: Tiger Trade App
$Nvidia(NVDA)$ fell 2.6% after a report from the Financial Times said China's internet regulator had banned the country's biggest tech companies from buying its artificial-intelligence chips. The Cyberspace Administration of China told TikTok parent ByteDance and e-commerce giant Alibaba, among others, to end testing and orders of Nvidia's tailored-made products for China, the Financial Times reported, citing people familiar with the matter.
A total number of 2.93M options related to $Nvidia(NVDA)$ were traded on Wednesday, up 122% from the previous trading day, of which call options accounted for 65%. Particularly high volume was seen for the $170 strike put option expiring Sept. 19, with 178,894 contracts trading. The $170 Nvidia strike put option expiring Sept. 19 surged 122% on Wednesday. $NVDA 20250919 170.0 PUT$
Unusual Options Activity
Source: Market Chameleon
$Lyft(LYFT)$ and Alphabet's Waymo announced they would be expanding their fully autonomous ride-hailing service to Nashville in 2026. Lyft shares surged 13%, while Alphabet declined 0.7%. Lyft's larger rival, $Uber Technologies(UBER)$, fell 5%.
A total number of 444.43K options related to $Lyft(LYFT)$ were traded on Wednesday, up 159% from the previous trading day, of which call options accounted for 73%. Particularly high volume was seen for the $25 strike call option expiring Oct. 17, with 26,828 contracts trading. The $25 Lyft strike call option expiring Oct. 17 surged 200% on Wednesday. $LYFT 20251017 25.0 CALL$
TOP Bullish & Bearish Single Stocks
This report shows stocks with the highest volume of bullish and bearish activity by option delta volume, which converts option volume to an equivalent stock volume (bought or sold).
If we take the total positive option delta volume and subtract the total negative option delta volume, we will get the net imbalance. If the net imbalance is positive, there is more bullish pressure. If the net is negative, there is more bearish pressure.
Based on option delta volume, traders sold a net equivalent of -797,647 shares of $Hewlett Packard Enterprise(HPE)$ stock. The largest bearish delta came from selling calls. The largest delta volume came from the 19-Sep-25 23 Call, with traders getting short 658,782 deltas on the single option contract.
Source: Market Chameleon
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$(NVDA)$ $(LYFT)$ $(HPE)$Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
