【December 12th US Stock Options Rankings】
$Meta(META)$ Call transaction amount $ 6.51 billion, accounting for 99.6%, as institutions use options to replace spot trading/restructure positions. The stock price surged to 711 during the day before retreating to 645, with significant volatility. Recently, the market has been more critical of Meta's AI investment returns, while the EU has launched an antitrust investigation into WhatsApp's AI usage, and regulatory discounts remain. Strategy: bullish but do not chase naked Calls, prioritize long-term bull spreads/calendar spreads; use a Collar (sell Call + buy Put) to lock in volatility.
$Merck(MRK)$ Call transaction amount $ 8913 million (Put:Call = 1:∞), net active purchase $ 1797 million (B:S 4.7:1), with clear capital betting on favorable realization. The company announced that WINREVAIR received positive opinions from CHMP in the EU (for indication expansion), which is considered high-certainty regulatory catalyst for pharmaceutical companies. Strategy: mildly bullish using bull call spreads (to guard against retracement); existing positions can slightly sell OTM Calls for yield enhancement.
$Strategy(MSTR)$ Put transaction amount $ 1.58 billion (Put accounting for 88.8%), net active purchase $ 1263 million (B:S 7.2:1), a typical "buy protection first". Reuters mentioned that it faces a controversy over its inclusion in the NASDAQ 100 annual adjustment, and if excluded, it may trigger passive fund rebalancing, compounded by BTC volatility, making the stock more event-driven. Strategy: during periods of uncertainty, use Put spreads/hedged straddles for more stability; avoid naked selling of Puts or naked buying of deep OTM.
