Option Movers｜Intel's $110 Call Jumps Ten Times; Micron's $700 Call Jumps Eight Times

The S&P 500 and Nasdaq notched record high closes on Tuesday(May 5), lifted by Intel ​and other AI-related stocks, as a U.S.-Iran ceasefire held firm and investors focused on strong quarterly earnings.

Regarding the options market, a total volume of 54,794,767 contracts was traded.

Top 10 Option Volumes

Apple has held exploratory discussions about using​ Intel and Samsung Electronics to produce the main ‌processors for its devices, Bloomberg News reported on Monday, citing people familiar with the deliberations. U.S.-listed shares of Intel rose 13% on Tuesday.

There are 1.47M option contracts traded on Tuesday, up 119% from the previous trading day. Put options account for 50% of overall option trades. Particularly high volume was seen for the $110 strike call option expiring May 8, with 58,874 contracts trading. $INTC 20260508 110.0 CALL$

Unusual Options Activity

Micron Technology's stock jumped 11% on Tuesday following a report from IDC that indicated the memory-chip market could break from its historical cyclical patterns.

There are 1.08M option contracts traded on Tuesday, up 61% from the previous trading day. Call options account for 58% of overall option trades. Particularly high volume was seen for the $700 strike call option expiring May 8, with 36,987 contracts trading. $MU 20260508 700.0 CALL$

If you are interested in options and you want to:

• Share experiences and ideas on options trading.

• Read options-related market updates/insights.

• Learn more about options trading if you are a beginner in this field.

Please click to join Tiger Options Club