In a notable surge of activity, Thursday's options trading saw a total volume of 57.3 million contracts, contributing to substantial growth in open interest. Specifically, the market experienced an increase of 7.79 million in call options and 6.15 million in put options.
NVIDIA (NVDA) emerged as a prominent player in this activity, alongside firms like Tesla (TSLA), MicroStrategy (MSTR), and Hertz Global Holdings (HTZ, Financial). Among the most notable new positions, 61,000 contracts of NVIDIA's (NVDA) 4/25 weekly 106 calls were established. Additionally, there were significant activities in other NVIDIA positions, with 55,000 contracts for NVDA's 4/25 weekly 107 calls and 46,000 for the 117 calls.
Meanwhile, Tesla (TSLA) saw 55,000 new positions in the 4/21 weekly 135.01 puts, while SoFi Technologies (SOFI) reported 82,000 new May-25 13 call positions, marking these as among the top five new entries in the options market on that day.
