Intel's $32 Call Soars 1700%; Coinbase's $350 Call Soars 443%; AMD Shows Bearish Sentiment
Wall Street's main indexes posted record-high closes on Thursday(Sep 18), a day after the U.S. Federal Reserve delivered a quarter-point interest rate cut, while chipmaker Intel rose after Nvidia decided to build a stake in the company.
Regarding the options market, a total volume of 73,784,641 contracts was traded on Thursday, up 19% from the previous trading day.
Top 10 Option Volumes
Source: Tiger Trade App
$Intel(INTC)$ soared 23% to $30.57 after $Nvidia(NVDA)$ said it would invest $5 billion in Intel at a purchase price of $23.28 a share as part of an agreement that will see the technology companies co-develop "multiple generations of custom data center and PC products."
A total number of 3.15M options related to $Intel(INTC)$ were traded on Thursday, 8 times higher than the previous trading day, of which call options accounted for 71%. Particularly high volume was seen for the $32 strike call option expiring Sept. 19, with 106,062 contracts trading. The $32 Intel strike call option expiring Sept. 19 surged 1700% on Thursday. $INTC 20250919 32.0 CALL$
Unusual Options Activity
Source: Market Chameleon
Shares of blockchain infrastructure company Coinbase $(COIN)$ jumped 7% on Thursday after CEO Brian Armstrong expressed strong optimism about an upcoming crypto regulation bill, calling it a 'freight train leaving the station.'
A total number of 596,207 options related to $(COIN)$ were traded on Thursday, up 284% from the previous trading day, of which call options accounted for 75%. Particularly high volume was seen for the $350 strike call option expiring Sep. 19, with 43,468 contracts trading. The $350 Coinbase strike call option expiring Sep. 19 surged 443% on Thursday. $COIN 20250919 350.0 CALL$
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 -2,608,754 shares of $Advanced Micro Devices(AMD)$ stock. The largest bearish delta came from selling calls. The largest delta volume came from the 19-Sep-25 175 Put, with traders getting short 1,324,786 deltas on the single option contract.
Source: Market Chameleon
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