Hottest Options Today

Here’s a quick rundown of the hottest options so far today:

• AMC calls are on fire today. The stock is back to the 7th-most traded name in the option market after falling off last week. It has more option premium traded than QQQ, Apple, and Alibaba today.

Volatility Alerts @watchoutshorts

$60 $AMC calls expiring on Friday are the most-traded AMC option today

Here are the most-traded AMC calls, according to Vigtec:

• Tesla calls are even hotter than AMC. $1.4 billion in Tesla options have already been traded today, more than $1 billion of which is from calls. The $700 and $690 calls expiring this Friday are the most-traded.

• Chinese EV maker NIO is also seeing huge option activity. It’s the 13th-most traded option name today, including indices. With over $116 million in options traded and a low 0.37 put/call ratio, things are looking very bullish for NIO.