Options Market Statistics: Meta Gains 3.4% Amid Metaverse Cost-Cutting Plans
$NVIDIA(NVDA)$ led overall volume with a neutral put/call ratio of 0.64 and a low IV rank of 14.50%, indicating subdued engagement as volume reached 2.50 million contracts versus 20.65 million in open interest. Shares climbed 2.12% amid reports suggesting a proposed rule prioritizing U.S. customers for AI chips over international ones is unlikely to be included in the annual defense bill, easing concerns about potential supply constraints for Nvidia and similar firms.
$Meta Platforms, Inc.(META)$ ranked first with a neutral put/call ratio of 0.55 and a low IV rank of 5.46%, suggesting steady trader interest as volume totaled 0.95 million contracts against 3.21 million in open interest. Shares gained 3.43% following Bloomberg's report that the Facebook parent is preparing to reduce its Metaverse spending by up to 30%, with possible layoffs starting as early as January 2026 in the division overseeing Meta Horizon Worlds and Quest VR operations.
$Intel(INTC)$ ranked fourth in options activity with a neutral put/call ratio of 0.52 and an IV rank of 21.48%, reflecting balanced volatility bets as volume hit 0.76 million contracts against 6.64 million in open interest. Shares dropped 7.45% after the company backed away from plans to spin off or sell its network division, stating it believes the unit can thrive internally, a move that disappointed investors hoping for a more aggressive restructuring.
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