Option Movers | SpaceX Options Are Heavily Traded on First Day; CoreWeave's Volume Jumps 148%
Market Overview
The Nasdaq Composite and the S&P 500 finished lower on Tuesday (June 16) under pressure from technology stocks, while the Dow Jones Industrial Average marked its second straight record close.
Regarding the options market, a total volume of 58,218,495 contracts was traded, down 15% from the previous trading day.
Top 10 Option Volumes
Top 10: $TSLA(TSLA)$, $NVDA(NVDA)$, $SPCX(SPCX)$, $VIX(VIX)$, $AAPL(AAPL)$, $INTC(INTC)$, $NFLX(NFLX)$, $MU(MU)$, $AMZN(AMZN)$, $MSFT(MSFT)$
Source: Tiger Trade App
Investors were eager to trade $SpaceX(SPCX)$ options on their first day of trading Tuesday as the company’s shares gained 4.83% to $201.80, putting them 50% above the initial public offering price of $135 last week.
There are 1.72M SpaceX option contracts traded on Tuesday. Call options account for 59% of overall option trades. Particularly high volume was recorded on June 18 $220 and $380 strike call options, with 60,000 and more than 30,000 contracts traded respectively. SPCX 20260618 220.0 CALL SPCX 20260618 380.0 CALL
$NVIDIA(NVDA)$ shares down 2.37% on Tuesday as investors digested its plans to issue investment-grade debt for the first time in years. The stock wasn’t reacting much to news that digital infrastructure company Equinix intends to expand its partnership with both Nvidia and networking company Cisco.
There are 1.86M Nvidia option contracts traded on Tuesday, down 48% from the previous trading day. Call options account for 61% of overall option trades. Particularly high volume was seen for the $210 strike call option expiring June 17, with 151,504 contracts trading. NVDA 20260617 210.0 CALL
Unusual Options Activity
Source: Market Chameleon
$CoreWeave(CRWV)$ rose 9.67% on Tuesday after Cantor Fitzgerald reiterated its Overweight rating and maintained a $167 price target, saying recent disclosures point to stronger contract momentum and backlog growth than many investors may be factoring in.
There are 416,920 CoreWeave Technologies option contracts traded on Tuesday, up 118% from the previous trading day. Call options account for 70% of overall option trades. Particularly high volume was seen for the $120 strike call option expiring June 18, with 38,245 contracts trading. CRWV 20260618 120.0 CALL
$Marvell Technology(MRVL)$ shares fell 9.78% on Tuesday, a day after outgoing chief financial officer Willem Meintjes filed to sell a total of 211,329 common shares.
There are 384,096 Marvell option contracts traded on Tuesday, down 3% from the previous trading day. Call options account for 61% of overall option trades. Particularly high volume was seen for the $320 strike call option expiring June 18, with 22,459 contracts trading. MRVL 20260618 320.0 CALL
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