Option Movers | Micron Technology's $1200 Call Soars 159%; TeraWulf Sees 92% Call Options
Market Overview
Wall Street rallied on Monday (June 15), with the Nasdaq climbing 3% and the Dow marking a record-high close after the United States and Iran struck a preliminary agreement to end the Middle East war and reopen the Strait of Hormuz, leading to an easing of inflation fears as crude oil prices dropped.
Regarding the options market, a total volume of 68,117,736 contracts was traded, down 7% from the previous trading day.
Top 10 Option Volumes
Top 10: $NVDA(NVDA)$, $TSLA(TSLA)$, $AAPL(AAPL)$, $VIX(VIX)$, $MSFT(MSFT)$, $META(META)$, $MU(MU)$, $AMZN(AMZN)$, $INTC(INTC)$, $HOOD(HOOD)$
Source: Tiger Trade App
$NVIDIA(NVDA)$ stock rose 3.54% on Monday after the chip maker said it would offer investment-grade corporate bonds for the first time since 2021.
There are 3.52M Nvidia option contracts traded on Monday, up 11% from the previous trading day. Call options account for 67% of overall option trades. Particularly high volume was seen for the $212.5 strike call option expiring June 15, with 569,354 contracts trading. NVDA 20260615 212.5 CALL
$Micron Technology(MU)$ stock was rising sharply Monday amid a resurgence of the artificial-intelligence momentum trade, alongside reminders of the shortage in memory chips. Micron shares were up 10.1% at $1,081 with markets cheered by the prospect of a U.S.-Iran peace deal.
There are 769.09K Micron Technology option contracts traded on Monday, down 27% from the previous trading day. Call options account for 52% of overall option trades. Particularly high volume was seen for the $1200 strike call option expiring June 18, with 25,180 contracts trading. MSFT 20260618 1200.0 CALL
Unusual Options Activity
Source: Market Chameleon
$Marvell Technology(MRVL)$ stock rose 10% on Monday as investors continued to favor semiconductor and artificial intelligence-related stocks amid a broad market rally. The rally came as U.S. stock futures advanced following President Donald Trump’s announcement of a peace agreement with Iran, which sent crude oil prices lower and boosted sentiment toward growth stocks.
There are 394,796 Marvell option contracts traded on Monday, down 11% from the previous trading day. Call options account for 68% of overall option trades. Particularly high volume was seen for the $330 strike call option expiring June 18, with 20,268 contracts trading. MRVL 20260618 330.0 CALL
$TeraWulf Inc.(WULF)$ shares rose 8% after Bank of America initiated coverage of the company with a Buy rating and a $34 price objective, citing its transition from bitcoin mining to AI-focused high-performance computing infrastructure as a key value driver.
There are 334,877 TeraWulf Technologies option contracts traded on Monday, up 53% from the previous trading day. Call options account for 92% of overall option trades. Particularly high volume was seen for the $33 strike call option expiring July 17, with 80,144 contracts trading. WULF 20260717 33.0 CALL
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