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: $TSLA(TSLA)$, $NVDA(NVDA)$, $MSFT(MSFT)$, $VIX(VIX)$, $AAPL(AAPL)$, $MU(MU)$, $PLTR(PLTR)$, $META(META)$, $AMZN(AMZN)$, $CRCL(CRCL)$
Source: Tiger Trade App
$Circle(CRCL)$ 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. $United States Oil Fund(USO)$ 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
$Applied Optoelectronics(AAOI)$ 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 $115 strike call option expiring March 27, with 5,378 contracts trading. AAOI 20260327 115.0 CALL
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$(CRCL)$ $(AAOI)$ $(USO)$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.
