Notable Tuesday Option Activity: NVDA, AAPL, AVGO

NVIDIA Corp (NVDA) experienced notable options trading volume during Tuesday's session, leading significant activity among S&P 500 components alongside Apple Inc (AAPL) and Broadcom Inc (AVGO). NVIDIA registered approximately 1.6 million options contracts traded, representing about 163.4 million underlying shares. This volume represented 126.8% of the company's average daily trading volume over the trailing month, which sits at 128.9 million shares. Traders heavily focused on the $230 strike call options expiring September 9, 2026, where volume reached 109,217 contracts, equivalent to 10.9 million underlying shares. Heavy call options volume was also recorded across other major semiconductor and technology peers. Apple saw 487,131 options contracts trade, or 122.8% of its one-month average daily volume, driven primarily by the $320 strike call option expiring September 9, 2026. Broadcom recorded 281,447 contracts, equaling 120% of its average daily volume, with strong interest centered around the $370 strike call option. This concentrated derivatives activity indicates elevated positioning and heightened short-term speculative interest in mega-cap technology and chip equities.