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Luke Kawa6/26/25

Super Micro is ramping on waves of bullish option demand

Shares of AI server company Super Micro Computer are up about 5% today on no news and a boatload of call option buying. This comes on the heels of Wednesday’s S&P 500-leading 8.8% advance for the firm.

As of 3:11 p.m. ET, more than 593,000 call options had changed hands, the most in over a month and more than double its one-month average.

The last time we saw call demand really pick up like this was just ahead of the announcement that Super Micro booked a $20 billion deal to sell servers to Saudi Arabian data center company DataVolt.

There’s no real fundamental news to speak of with regard to Super Micro, but there was some fundamental news earlier this week that created a dip to buy:

Shares tumbled nearly 10% on Monday after the company announced a potentially dilutive convertible note offering, heading to the bottom of the range that’s prevailed since news of its aforementioned Middle East deal broke.

It seems traders were eager to look for a rebound in Super Micro and its continued exposure to the AI boom, as the offering was to “fund working capital for growth and business expansion.”

Shares are now up 8% on the week and 61% year to date.

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Opendoor has erased all the gains made since September leadership changes as enthusiasm premium fizzles

If you bought Opendoor Technologies when the online real estate company revealed that Shopify COO Kaz Nejatian was coming in to serve as CEO, with cofounders Keith Rabois and Eric Wu joining the board of directors, you are underwater on that purchase.

Shares closed at $5.83 on Monday, below where they ended on September 10 ($5.86) before these management changes were announced after the close. That revelation sparked the biggest one-day gain in Opendoor’s history, with the stock up nearly 80% the next session to hit its highest level since 2022.

Of course, it’s still early days. These new leaders haven’t even reported results for a full quarter in which they’ve been at the helm.

But in looking at the factors that buoyed Opendoor the stock, it seems clear that the enthusiasm (and speculative appetite) that was omnipresent from mid-July through September has petered out. While some of this may be a function of the typically slowed holiday season, trading volumes have dipped to an average of about 62 million over the past 21 sessions, a level not seen since May. Similarly, over the past 21 sessions, call volumes are running at their lowest level since July.

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Max Knoblauch1h

Nio climbs as China announces extension of its trade-in subsidy to boost EV buying

China’s trade-in subsidies intended to boost EV and low-emission vehicle purchases will be extended into 2026, according to a notice by Chinese officials on Tuesday. Shares of Chinese EV maker Nio climbed more than 6% on Tuesday morning.

Prior to the notice, China had signaled it would be pulling the plug on many subsidies for its maturing EV sector.

The extended trade-in subsidies will provide consumers up to $2,850 to scrap their older vehicles and purchase a qualifying new energy vehicle. The EV stimulus plan is part of a broader $8.94 billion program intended to boost the purchase of new consumer goods including refrigerators, smartphones, and washing machines.

Chinese EV Stocks Rise on Trade-In Subsidy Extension to 2026 | EV

Chinese EV Stocks Rise on Trade-In Subsidy Extension to 2026 | EV

The extended trade-in subsidies will provide consumers up to $2,850 to scrap their older vehicles and purchase a qualifying new energy vehicle. The EV stimulus plan is part of a broader $8.94 billion program intended to boost the purchase of new consumer goods including refrigerators, smartphones, and washing machines.

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Rani Molla, Jon Keegan1h

The flagship Apple Store, "The Cube", on 5th Avenue.

One of Dan Ives’ top 5 AI stocks for 2026 is Apple, despite its “invisible AI strategy”

Right now, investors like Apple because its AI strategy is different from other megacap tech companies.

Tasha Matsumoto

Big Tech drags down stocks

Precious metals also pulled back from record highs.

23 December 2020, Berlin: Shortly before Christmas, the polar bears Tonja and Hertha received a Christmas tree decorated with goodies in the zoo.

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