Overnight, tech stocks once again dragged down the market, while popular Chinese concept stocks continued to decline.
<h3>Overview of US Stock Options Trading</h3>
Top ten US stock options trading overnight: Tesla, Pfizer, NVIDIA, Intel, Palantir, Apple, Uber, Wells Fargo, American Electric Power (AEP), Shopify.
Among them:
Tesla fell nearly 2%, with options trading volume rising to 1.75 million contracts, with 55% being put options. Put options with a strike price of $170 expiring on May 10 traded 130,000 contracts, while call options with a strike price of $175 traded 110,000 contracts.
Pfizer rose nearly 2%, with options trading volume surging to 1.29 million contracts, with 96.8% being call options. Call options with a strike price of $27 expiring on May 10 traded 260,000 contracts, making it the hottest contract overnight. Call options with a strike price of $27 expiring on May 17 traded 230,000 contracts, while call options with a strike price of $26 traded 150,000 contracts.
NVIDIA edged lower, with options trading volume dropping to 930,000 contracts, with 62% being call options. Call options with a strike price of $900 expiring on May 10 traded 60,000 contracts.
Intel fell over 2%, with options trading volume doubling to 650,000 contracts, with 72.8% being put options.
Palantir rose nearly 1%, with options trading volume halving to 540,000 contracts, with 65% being call options.
Apple edged higher, with options trading volume halving to 530,000 contracts, with 61.7% being call options.
Uber fell nearly 6%, with options trading volume surging to 440,000 contracts, with call and put options evenly split.
Wells Fargo rose nearly 2%, with options trading volume surging to 430,000 contracts, with 95.6% being call options. Call options with strike prices of $50 and $55 expiring on May 17 both traded over 60,000 contracts.
American Electric Power (AEP) rose nearly 1%, with options trading volume surging to 420,000 contracts, with 99.8% being call options. Call options with a strike price of $77.5 expiring on May 17 traded 170,000 contracts.
Shopify plunged nearly 19%, with options trading volume surging to 410,000 contracts, with 51.3% being call options.
CVS saw unusual activity, with 80,000 contracts of put options with a strike price of $70 expiring on June 21 trading.
TFC saw unusual activity, with over 70,000 contracts of call options with a strike price of $37.5 expiring on May 17 trading.
Gilead Sciences saw unusual activity, with over 50,000 contracts of put options with a strike price of $72.5 expiring on May 17 trading

Pfizer's stock price rose nearly 2%, with options trading surging to 1.29 million contracts, with 96.8% being call options. The Pfizer call option expiring on May 10th with a strike price of $27 traded 260,000 contracts, making it the most active contract overnight. The Pfizer call option expiring on May 17th with a strike price of $27 traded 230,000 contracts, while the Pfizer call option with a strike price of $26 traded 150,000 contracts

LB Select

Tesla

Pfizer

NVIDIA

Intel

Palantir Tech

Apple

Uber Tech

Wells Fargo

American Electric Power

Shopify 

CVS Health

Truist Financial

Gilead Sciences

US Stock Options | Pfizer, Intel, Uber trading volume surges! Apple, Palantir trading volume halves