The Options Insider Radio Network The Hot Options Report: 02-06-26
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Feb 6, 2026 A fast recap of a market reversal driven by collapsing volatility and massive options flow. Nvidia's 4.3M contract surge and 8% rally take center stage. Coverage of huge moves in MicroStrategy, Palantir, AMD, Apple, Tesla, Amazon and tech giants’ option strikes. A Top 10 rundown of where the paper was trading as markets turned green.
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Vol Crush Changes Options Tape
- Intraday volatility collapsed as the market rallied and VIX cratered, changing the tape's dominant flows.
- Mark Longo highlights that strong rallies don't always produce the same options volume as big sell-offs.
Meta's Expiring Bets Went Cold
- Meta sold off while the market rallied, producing 712,000 contracts and expiring short-dated options.
- Mark Longo notes many of those were expiring today and likely went out worthless for buyers.
Red Outsiders With Large Prints
- Alphabet and Palantir contrasted with the broader rally, each producing large option prints that expired that day.
- Mark Longo points out many of these were opening trades and often ended worthless for buyers.