【December 1st US Stock Options Leaderboard】
The market cooled slightly today after a strong rebound at the end of November, with the S&P 500 down 0.5% and the NASDAQ down 0.4%. Cryptocurrencies also adjusted, and high Beta assets shifted from 'offensive' back to 'protective'.
$Goldman Sachs (GS)$ topped the Call transaction volume list, with Call transactions around 280 million USD, accounting for nearly 100%. At the same time, it announced a 2 billion USD acquisition of active ETF issuer Innovator, strengthening its asset management and structured product layout. After a series of gains, the stock price corrected about 1.8% today, reflecting a trend of 'positive news landing + digesting gains'. Strategy: For those who benefit from the active ETF track in the long term, consider using slightly out-of-the-money bull call spreads with a 6–12 month maturity instead of increasing holdings in the underlying stock; for those with heavier positions, short-term covered calls to collect premiums are more suitable.
$Apple (AAPL)$ continued its rebound, closing near 283 USD, with a strong short-term trend. However, the biggest news recently is that AI head Giannandrea announced his retirement, with Amar Subramanya taking over the AI line. The market is looking forward to a 'Siri reboot' while also worrying about the pace of AI advancement. In the options market, Call transactions were about 69.16 million USD, with Calls accounting for nearly 68%, but there was a net sell-off of about 23.40 million USD, indicating that funds prefer to hedge valuation and execution risks through writing Calls during the rebound. Strategy: For those holding AAPL stock, consider using slightly out-of-the-money short-term covered calls or collars (selling Calls + buying protective Puts) to smooth out pullbacks; for those optimistic about a medium to long-term AI reversal, consider using bull call spreads expiring around 2026 instead of holding long Calls.
$Strategy (MSTR)$ experienced a single-day drop of over 3% against the backdrop of a significant decline in Bitcoin and the company's substantial downward adjustment of its full-year earnings guidance. However, a large order of approximately 55.14 million USD for the February 26, 165C appeared on the leaderboard, reflecting a typical 'bad news fully priced in, betting on recovery' mindset.
