Bullish Options Activity Surges Amid AI Trade Rebound
Options traders are showing strong bullish sentiment as the Nasdaq-100 index recorded its best day in six weeks. Despite rising interest rates and warnings from AI leaders about regulatory risks, market participants are increasingly buying call options on tech stocks like Intel, AMD, Crowdstrike, and SpaceX. Intel saw a significant spike in trading volume with over 1.3 million contracts traded—almost triple the monthly average—and most of it skewed toward calls. Similarly, AMD's options activity nearly doubled its usual levels as traders positioned for potential upside. Cybersecurity firm CrowdStrike also attracted attention due to strong performance and high call volumes. SpaceX experienced a surge in trading volume with over $1.5 billion in premium exchanged, though the majority was tied to put contracts. Despite this, large-scale put selling suggests some market participants are hedging or shorting at higher price levels.
Tickers: $AMD $CRWD $INTC $SKHYV
Topics: bullish positioning options trading tech stocks volatility index (VIX)