Option Movers | Intel's $50 Call Expiring Next Month Sees Highest OI; AppLovin is Expected to Show a 14% Swing Post-Earnings

The S&P 500 and the Nasdaq closed lower on Tuesday while the Dow edged up to its third record close in a row, as investors digested disappointing retail sales figures and waited for a key labor market report.

Regarding the options market, a total volume of 48,026,725 contracts was traded on Tuesday, of which 57% were call options.

Top 10 Option Volumes

Top 10: TSLA, NVDA, AMZN, MSFT, INTC, PLTR, NFLX, SLB, AAPL, HOOD

Source: Tiger Trade App

Shares of chipmaker Intel fell about 6% on Wednesday, closing at $47.13. Over the past five trading sessions, the stock has trended lower amid choppy price action, with short-term volatility picking up.

The shares have come under pressure as investors reassess Intel’s earnings outlook and the expected return timeline for its heavy capital spending program. Valuation concerns, combined with technical and fund flow dynamics, have added to near-term volatility.

Potential upside catalysts could come from external policy support and progress on key operational milestones. Further implementation of semiconductor subsidy programs in the United States and Europe could help ease some of the company’s capital expenditure burden. In addition, greater traction at Intel Foundry Services (IFS)—including the signing of higher-quality customers and clearer disclosure on volume production timelines and revenue milestones—could prompt the market to re-evaluate the company’s long-term transformation prospects.

A total number of 586.75K INTC option contracts was traded on Tuesday, of which 65% were call options. Call open interests related to Intel amounted to​ 3,084,576 contracts as of Tuesday, while put ones totaled 2,597,095, indicating slightly bullish tilt for Intel stock. The highest open interest was seen for the $50 strike call option expiring March 20 this year.

Source: OptionCharts

Unusual Options Activity

Shares of mobile ad-tech firm AppLovin rose another 2.7% on Tuesday after a 13.2% rally on Monday. AppLovin Corporation will report its fourth-quarter results on February 11, 2026, Post Market. AppLovin Corporation’s current quarter outlook points to revenue of $1.60 billion, implying year-over-year growth of 26.50%, with estimated EPS of $2.93, and estimated EBIT of $1.24 billion.

Source: Tiger Trade App

The expected move for APP options expiring on Feb 13, 2026 (2 days) (w) is ±$66.43 (14.13%), with a price range of $403.83 - $536.69.

Source: OptionCharts

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