Market Overview
U.S. stocks climbed on Wednesday (Apr. 22) to send the S&P 500 and Nasdaq to closing records, after U.S. President Donald Trump extended the ceasefire with Iran, with a round of solid corporate earnings providing additional support for optimism.
Regarding the options market, a total volume of 55,264,974 contracts was traded, down 5% from the previous trading day.
Top 10 Option Volumes
Top 10: NVDA, AAPL, TSLA, MSFT, AMD, MU, MSTR, AMZN, PLTR, META
Source: Tiger Trade App
AMD and Micron Technology shares both jumped to a new high on Wednesday on reignited AI chip demand.
There are 814.29K AMD option contracts traded on Wednesday, up 42% from the previous trading day. Call options account for 60% of overall option trades. Particularly high volume was seen for the $300 strike call option expiring March 27, with 47,480 contracts trading. AMD 20260424 300.0 CALL
There are 792.89K Micron option contracts traded on Wednesday, up 146% from the previous trading day. Call options account for 66% of overall option trades. Particularly high volume was seen for the $500 strike call option expiring March 27, with 56,480 contracts trading. MU 20260424 500.0 CALL
Unusual Options Activity
Source: Market Chameleon
Apple shares rallied 2.6% on Wednesday. The shares dropped 2.5% on Tuesday after the company said CEO Tim Cook would hand over the reins to longtime hardware boss John Ternus.
There are 1.67 million Apple option contracts traded on Wednesday, up 45% from the previous trading day. Call options account for 70% of overall option trades. Particularly high volume was seen for the $272.5 strike call option expiring April 22, with 189,711 contracts trading. AAPL 20260422 272.5 CALL
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