Option Movers｜Intel's $70 Call Jumps 100%; MP Materials' Volume Surges 270%
Market Overview
Major U.S. stock indexes mostly fell on Monday(Mar 30) as U.S. President Donald Trump's new warning to Tehran and a widening of the Middle East war offset optimism over his comments on U.S. discussions with Iran.
Regarding the options market, a total volume of 57,089,345 contracts was traded.
Top 10 Option Volumes
Source: Tiger Trade App
$Intel(INTC)$ shares fell 5% as a report emerged that took the IBOT(Intel Binary Optimization Tool) for a test drive, and the results did not exactly inspire confidence. Indeed, investors do not seem nearly as confident in Intel as they once were.
There are 504.08K $Intel(INTC)$ option contracts traded on Monday, up 32% from the previous trading day. Call options account for 65% of overall option trades. Particularly high volume was seen for the $70 strike call option expiring Apr 17, 2026, with 31,514 contracts trading. $INTC 20260417 70.0 CALL$
Unusual Options Activity
Source: Market Chameleon
$MP Materials Corp.(MP)$ shares tumbled 12% as traders grew wary of the hefty $1.25 billion price tag and execution risks tied to its new “10X” magnet manufacturing project in Texas. Sentiment darkened further after the company’s latest quarterly report showed a revenue miss and as broader market jitters over geopolitical tensions hit risk-sensitive names.
There are 63,334 $MP Materials Corp.(MP)$ option contracts traded on Monday, up 270% from the previous trading day. Call options account for 51% of overall option trades. Particularly high volume was seen for the $50 strike call option expiring Apr 10, 2026, with 5,324 contracts trading.
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