Market Overview
The S&P 500 and Nasdaq closed down by more than 1% on Wednesday (June 17), as traders bet that the Federal Reserve's next move would be a rate hike after new Fed Chair Kevin Warsh highlighted the need to tame inflation and other policy makers projected rising interest rates later this year.
Regarding the options market, a total volume of 68,561,100 contracts was traded, up 18% from the previous trading day.
Top 10 Option Volumes
Top 10: $TSLA(TSLA)$, $NVDA(NVDA)$, $SPCX(SPCX)$, $AAPL(AAPL)$, $MSFT(MSFT)$, $HOOD(HOOD)$, $META(META)$, $AMZN(AMZN)$, $SOFI(SOFI)$, $MU(MU)$
Source: Tiger Trade App
$SpaceX(SPCX)$ dropped 4.95% on Wednesday. The rocket and AI company’s stock has surged since its trading debut on Friday, although investors could face a reckoning when a lockup period for shares ends.
There are 1.45M SpaceX option contracts traded on Wednesday, down 16% from the previous trading day. Call options account for 51% of overall option trades. Particularly high volume was seen for the $200 strike call option expiring June 18, with 93,841 contracts trading. SPCX 20260618 200.0 CALL
$Robinhood(HOOD)$ shares rose 8.78% on Wednesday. On the news front, reports emerged that the SEC is considering allowing tokenized stocks under a proposed innovation exemption, which would enable blockchain-based versions of traditional equities to trade 24/7 with near-instant settlement. Robinhood, as a crypto-enabled brokerage, stands to benefit directly from such regulatory shifts.
There are 1.02M Robinhood option contracts traded on Wednesday, up 255% from the previous trading day. Call options account for 71% of overall option trades. Particularly high volume was seen for the $110 strike call option expiring June 18, with 64,077 contracts trading. HOOD 20260618 110.0 CALL
Unusual Options Activity
Source: Market Chameleon
$Marvell Technology(MRVL)$ shares rose 3.9% on Wednesday, driven by momentum from the March NVLink Fusion partnership with Nvidia and Nvidia's $2 billion investment. The upcoming addition to the S&P 500 is also expected to boost index-related demand and increase visibility among large-cap investors.
There are 314,414 Marvell option contracts traded on Wednesday, down 18% from the previous trading day. Call options account for 52% of overall option trades. Particularly high volume was seen for the $170 strike put option expiring June 26, with 23,686 contracts trading. MRVL 20260626 170.0 PUT
Shares of digital banking platform $Nu Holdings Ltd.(NU)$ jumped 1.34% on Wednesday. The rally was fueled by the firm’s launch of two new AI-powered financial models, growing investor enthusiasm for its AI credit platform, and its $1 billion stock repurchase program.
There are 222,937 Nu Holdings option contracts traded on Wednesday, up 55% from the previous trading day. Call options account for 78% of overall option trades. Particularly high volume was seen for the $13 strike call option expiring July 17, with 64,254 contracts trading. NU 20260717 13.0 CALL
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$Robinhood(HOOD)$ $SpaceX(SPCX)$ $Nu Holdings Ltd.(NU)$ $(MRVL)$ $T-REX 2X Long HOOD Daily Target ETF(ROBN)$ $Leverage Shares 2X Long HOOD Daily ETF(HOOG)$ $Defiance Daily Target 2X Short HOOD ETF(HOOZ)$ $Roundhill HOOD WeeklyPay™ ETF(HOOW)$ $Direxion Daily HOOD Bull 2X ETF(HODU)$ $Defiance Daily Target 2X Long HOOD ETF(HOOX)$ $YieldMax HOOD Option Income Strategy ETF(HOOY)$ $GraniteShares YieldBOOST HOOD ETF(HOYY)$ $Defiance Leveraged Long + Income HOOD ETF(HOOI)$ $REX HOOD Growth & Income ETF(HOII)$ $Leverage Shares 2X Long SPCX Daily ETF(SPCH)$ $Leverage Shares 2X Short SPCX Daily ETF(SSPC)$ $GraniteShares 2x Short SpaceX Daily ETF(SNK)$ $ProShares Ultra SpaceX(SPCF)$ $Defiance Daily Target 2X Long SpaceX ETF(SPCU)$ $GraniteShares 2x Long SpaceX Daily ETF(SPAL)$ $TRADR 2X SHRT SPACEX DAILY ETF(SPCG)$ $Direxion Daily SpaceX Bull 2X ETF(LOFF)$ $Defiance Daily Target 2X Short SpaceX ETF(SPCQ)$ $T-REX 2X Long SpaceX Daily Target ETF(SPAX)$ $Tradr 2X Long SpaceX Daily ETF(SPCM)$ $Leverage Shares 2x Long NU Daily ETF(NUG)$ $GraniteShares 2X Long MRVL Daily ETF(MVLL)$ $Direxion Daily MRVL Bull 2X ETF(MRVU)$
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