[July 9th US Stock Options Leaderboard]

$NVIDIA(NVDA)$ Daily call transactions reached $175 million, with a net buying pressure of about $6 million; the 30-day implied volatility is 36.3%, with an IV Rank of 7.7%. As the market cap first touches $4 trillion, the historically low IV suggests there is still room for "catch-up Gamma" in the future.

$Oracle(ORCL)$ Call:Put transaction volume reached 815:1, yet there was a net sell of 22.89 million USD in Calls, a typical "high position sell Call to collect Theta" hedge. After the stock price reached new highs, the volatility surface continued to rise. If Gamma declines again, a technical cooling window may be approaching.

$Palantir(PLTR)$ 140 Call for September 25th at $65.69 million crowned; after doubling in stock price this year, it still reached a new high, with a P/S ratio of about 114× causing valuation divergence; on the options side, locking in positions first and then lifting, volatility is rising, short-term may enter a high volatility sideways pattern, and the diagonal convergence strategy is worth paying attention to.

Overall, the enthusiasm for the AI main line has not diminished, but the misalignment between valuation and volatility has become increasingly evident. For more details, see the poster, and feel free to share your insights in the comments!

#OptionsFlow