#options Tech News.
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The latest options news, distilled by AI into sharp ~100-word summaries. ByteBrief tracks options across dozens of tech sources and brings you only what matters, updated hourly. Tap any story for the full brief, or open the original source.
Chip stocks bounced 10% on Monday after Friday's $1.3 trillion rout, but put options on the VanEck Semiconductor ETF hit an all-time high of 1.7 million contracts. Traders are buying downside protection rather than betting on a collapse. Micron surged 10%, Marvell jumped 9% on S&P 500 addition news.
SpaceX is set to begin trading this Friday in what is described as the largest IPO in history. Investors may find a more actionable trade in Tesla, where a rotation out of the stock is anticipated. Tesla retail sales in China grew 22% year-over-year in May, ending a two-month decline.
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