Option Movers | Robinhood's $110 Call Soars 544%; Nu Sees 78% Call Options
Market Overview
The S&P 500 and Nasdaq closed down by more than 1% on Wednesday (June 17), as traders bet that the Federal Reserve's next move would be a rate hike after new Fed Chair Kevin Warsh highlighted the need to tame inflation and other policy makers projected rising interest rates later this year.
Regarding the options market, a total volume of 68,561,100 contracts was traded, up 18% from the previous trading day.
Top 10 Option Volumes
Top 10: $TSLA(TSLA)$, $NVDA(NVDA)$, $SPCX(SPCX)$, $AAPL(AAPL)$, $MSFT(MSFT)$, $HOOD(HOOD)$, $META(META)$, $AMZN(AMZN)$, $SOFI(SOFI)$, $MU(MU)$
Source: Tiger Trade App
$SpaceX(SPCX)$ dropped 4.95% on Wednesday. The rocket and AI company’s stock has surged since its trading debut on Friday, although investors could face a reckoning when a lockup period for shares ends.
There are 1.45M SpaceX option contracts traded on Wednesday, down 16% from the previous trading day. Call options account for 51% of overall option trades. Particularly high volume was seen for the $200 strike call option expiring June 18, with 93,841 contracts trading. SPCX 20260618 200.0 CALL
$Robinhood(HOOD)$ shares rose 8.78% on Wednesday. On the news front, reports emerged that the SEC is considering allowing tokenized stocks under a proposed innovation exemption, which would enable blockchain-based versions of traditional equities to trade 24/7 with near-instant settlement. Robinhood, as a crypto-enabled brokerage, stands to benefit directly from such regulatory shifts.
There are 1.02M Robinhood option contracts traded on Wednesday, up 255% from the previous trading day. Call options account for 71% of overall option trades. Particularly high volume was seen for the $110 strike call option expiring June 18, with 64,077 contracts trading. HOOD 20260618 110.0 CALL
Unusual Options Activity
Source: Market Chameleon
$Marvell Technology(MRVL)$ shares rose 3.9% on Wednesday, driven by momentum from the March NVLink Fusion partnership with Nvidia and Nvidia's $2 billion investment. The upcoming addition to the S&P 500 is also expected to boost index-related demand and increase visibility among large-cap investors.
There are 314,414 Marvell option contracts traded on Wednesday, down 18% from the previous trading day. Call options account for 52% of overall option trades. Particularly high volume was seen for the $170 strike put option expiring June 26, with 23,686 contracts trading. MRVL 20260626 170.0 PUT
Shares of digital banking platform $Nu Holdings Ltd.(NU)$ jumped 1.34% on Wednesday. The rally was fueled by the firm’s launch of two new AI-powered financial models, growing investor enthusiasm for its AI credit platform, and its $1 billion stock repurchase program.
There are 222,937 Nu Holdings option contracts traded on Wednesday, up 55% from the previous trading day. Call options account for 78% of overall option trades. Particularly high volume was seen for the $13 strike call option expiring July 17, with 64,254 contracts trading. NU 20260717 13.0 CALL
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$Robinhood(HOOD)$ $SpaceX(SPCX)$ $Nu Holdings Ltd.(NU)$ $(MRVL)$ $T-REX 2X Long HOOD Daily Target ETF(ROBN)$ $Leverage Shares 2X Long HOOD Daily ETF(HOOG)$ $Defiance Daily Target 2X Short HOOD ETF(HOOZ)$ $Roundhill HOOD WeeklyPay™ ETF(HOOW)$ $Direxion Daily HOOD Bull 2X ETF(HODU)$ $Defiance Daily Target 2X Long HOOD ETF(HOOX)$ $YieldMax HOOD Option Income Strategy ETF(HOOY)$ $GraniteShares YieldBOOST HOOD ETF(HOYY)$ $Defiance Leveraged Long + Income HOOD ETF(HOOI)$ $REX HOOD Growth & Income ETF(HOII)$ $Leverage Shares 2X Long SPCX Daily ETF(SPCH)$ $Leverage Shares 2X Short SPCX Daily ETF(SSPC)$ $GraniteShares 2x Short SpaceX Daily ETF(SNK)$ $ProShares Ultra SpaceX(SPCF)$ $Defiance Daily Target 2X Long SpaceX ETF(SPCU)$ $GraniteShares 2x Long SpaceX Daily ETF(SPAL)$ $TRADR 2X SHRT SPACEX DAILY ETF(SPCG)$ $Direxion Daily SpaceX Bull 2X ETF(LOFF)$ $Defiance Daily Target 2X Short SpaceX ETF(SPCQ)$ $T-REX 2X Long SpaceX Daily Target ETF(SPAX)$ $Tradr 2X Long SpaceX Daily ETF(SPCM)$ $Leverage Shares 2x Long NU Daily ETF(NUG)$ $GraniteShares 2X Long MRVL Daily ETF(MVLL)$ $Direxion Daily MRVL Bull 2X ETF(MRVU)$Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
