Market Overview
The three main U.S. stock indexes finished Monday (Mar 23)'s session up more than 1% as oil prices fell after President Donald Trump said he had ordered the military to postpone strikes against Iranian power plants following "productive conversations" with Tehran.
Regarding the options market, a total volume of 57,336,585 contracts was traded, down 18% from the previous trading day.
Top 10 Option Volumes
Top 10: TSLA, NVDA, VIX, AAPL, MSFT, AMZN, SMCI, PLTR, MU, META
Source: Tiger Trade App
Palantir shares jumped 6.7% on Monday, driven by several significant developments. A primary catalyst for the stock's performance was the Pentagon's official designation of Palantir's Maven AI system as a "program of record." Further contributing to the positive sentiment was the announcement of a new contract with the UK Financial Conduct Authority (FCA). Analyst sentiment also played a role, with firms like Wedbush reiterating an Outperform rating and maintaining a substantial price target for Palantir, citing the company's strong position in AI development and its expected success in securing additional federal government contracts.
There are 556.81K Palantir option contracts traded on Monday, down 11% from the previous trading day. Call options account for 61% of overall option trades. Particularly high volume was seen for the $160 strike call option expiring March 27, with 46,964 contracts trading. PLTR 20260327 160.0 CALL
Unusual Options Activity
Source: Market Chameleon
Super Micro Computer shares rallied 5.1% on Monday, after tumbling 33.3% on Friday. Analysts are divided, with some seeing a bargain after a 33% drop, while others cite past issues and potential relationship impacts.
There are 567.48K Super Micro option contracts traded on Monday, down 58% from the previous trading day. Call options account for 54% of overall option trades. Particularly high volume was seen for the $20 strike put option expiring March 27, with 25,147 contracts trading. SMCI 20260327 20.0 PUT
A possible de-escalation in the Middle East conflict rippled through markets, with oil falling. Brent dropped over 14% before trimming losses as Iran denied the discussions, but it closed below $100. United States Oil Fund LP sank about 9% on Monday.
There are 392.9K United States Oil Fund option contracts traded on Monday, up 3% from the previous trading day. Call options account for 50% of overall option trades. Particularly high volume was seen for the $100 strike put option expiring April 17, with 9,799 contracts trading. USO 20260417 100.0 PUT
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