Option Movers | Micron's $350 Put Shows High Put Open Interest; AST SpaceMobile's $100 Call Sees High Volume
U.S. stocks ended sharply lower on Tuesday as investors worried the Middle East conflict may persist long enough to ramp up inflation.
Regarding the options market, a total volume of 60,286,087 contracts was traded on Tuesday, of which 54% were call options.
Top 10 Option Volumes
Top 10: $NVDA(NVDA)$, $TSLA(TSLA)$, $MSFT(MSFT)$, $AAPL(AAPL)$, $PLTR(PLTR)$, $AMZN(AMZN)$, $NFLX(NFLX)$, $MU(MU)$, $AMD(AMD)$, $SOFI(SOFI)$
Shares of $Micron Technology(MU)$ pulled back sharply after a strong prior rally, underscoring heightened volatility in AI-linked semiconductor names.
The stock closed Tuesday at $379.68, down roughly 8% on the day, or $32.99 from the previous session. The retreat appears tied to a broader valuation reset in AI memory plays, profit-taking by institutional investors, and weakness across the semiconductor sector.
Investors are closely monitoring supply-demand dynamics and pricing trends for HBM and DDR5 products. Options activity has intensified in recent sessions, with elevated volatility signaling a more cautious near-term tone.
There are 469.23K MU option contracts traded on Tuesday, of which 60% were call options. IV percentile soars to 95.62%, meaning current IV levels exceed roughly 95% of historical readings. The $350 put open interest reaches 9,344 contracts, indicating strong perceived downside support.
Unusual Options Activity
$AST SpaceMobile(ASTS)$ rose 6.6% on Tuesday. TELUS and AST SpaceMobile said Tuesday they have signed a deal to bring space-based cellular broadband service to rural Canada.
Under the deal, TELUS will invest in ground-based satellite infrastructure and become an equity stakeholder in $AST SpaceMobile(ASTS)$, the companies said.
There are 193,209 ASTS option contracts traded on Tuesday, 1.8 times higher than the 90-day average trading volume.
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