On this episode of The Hot Options Report, Mark Longo provides a rundown of the most active options contracts for Wednesday, September 10, 2025. Despite a mixed market day, options volume was surprisingly high. The report covers major indices like VIX, SPY, SPX, IWM, and QQQ, noting significant call and put activity and the prevalence of spreads. The second half of the show is a countdown of the top 10 single-name stocks with the most options volume, featuring a wide range of companies from technology and utilities to a surprise showing from Oracle following a strong earnings report. The report highlights specific strikes, prices, and volumes for the most traded options in each name.

• 0:00 - Welcome to the show

• 1:25 - VIX

• 2:40 - SPY

• 3:25 - SPX

• 4:10 - IWM

• 4:50 - QQQ

• 5:35 - Single Names - A look at the top 10 single-name stocks with the most options activity.

• 6:00 - #10 OPEN

• 6:55 - #9 AVGO

• 8:10 - #8 AMZN

• 9:20 - #7 AMD

• 10:15 - #6 PCG

• 11:15 - #5 PLTR

• 12:20 - #4 AAPL

• 13:20 - #3 ORCL

• 14:35 - #2 TSLA

• 15:55 - #1 NVDA

• 17:00 - Mark wraps up the show and previews the next episode.

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All investing involves risk. Brokerage services for US listed securities, options and bonds in a self-directed brokerage account are offered by Open to the Public Investing Inc, member FINRA & SIPC. Not investment advice. Options trading entails significant risk and is not appropriate for all investors. Customers must read and understand the Characteristics and Risks of Standardized Options before considering any options strategy. Options investors can rapidly lose the value of their investment in a short period of time and incur permanent loss by expiration date. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount, and are only available for qualified customers. Index options have special features and fees that should be carefully considered, including settlement, exercise, expiration, tax, and cost characteristics. See Fee Schedule for all options trading fees. There are additional costs associated with option strategies that call for multiple purchases and sales of options, such as spreads, straddles, among others, as compared with a single option trade. Rebate rates vary monthly from $0.06-$0.18 and depend on the particular security, whether the trade was placed via API, as well as your current and prior month’s options trading volume. Review Options Rebate Terms here. Rates are subject to change. Go to public.com/optionsbrief to learn more.

In this episode, hosts Mark Longo and Dan Passarelli dive into the world of Asian options, a type of exotic option. They explain how these options differ from standard "vanilla" options by basing their payoff on the average price of an underlying asset over a specific period, rather than its price at a single expiration date. The hosts break down the two main types: fixed-strike and average-strike options, providing clear examples of how their payoffs are calculated. They also discuss the historical origins of the name "Asian options" in the Singaporean commodity markets. The episode highlights the primary use case for these options: reducing volatility and hedging against wild price swings, making them particularly useful for industries like commodities, energy, and foreign exchange. The show also includes the popular "Mail Call" segment, where the hosts answer a listener's question about options flow and market volume statistics for August.

[0:00] Intro and episode overview

[2:50] Introduction to Exotic Options

[4:05] What are Asian Options?

[7:00] Average-Strike Asian Options

[10:15] Fixed-Strike Asian Options

[14:00] Use Cases for Asian Options

[17:30] Mail Call: The hosts open the mailbag to answer a listener question about options flow and market volume in Q3.

[29:00] Final Thoughts and Conclusion

This episode of The Hot Options Report provides an overview of a day of options trading activity on September 9, 2025. Mark Longo first details the activity in major indices, including VIX, SPY, SPX, IWM, and QQQ, before counting down the top 10 most active single-name equity options. The report highlights significant volume in names like Nvidia, Apple, and Tesla, with notable call activity across the board and a rare put-dominated day for Open.

• 3:15 - VIX

• 4:00 - SPY

• 4:50 - SPX

• 5:45 - IWM

• 7:00 - NASDAQ (QQQ)

• 8:00 - 10. JD.com (JD)

• 9:35 - 9. Alphabet Class A (GOOGL)

• 10:45 - 8. Open (OPEN)

• 11:55 - 7. Robinhood (HOOD)

• 12:55 - 6. Advanced Micro Devices (AMD)

• 14:05 - 5. UnitedHealth Group (UNH)

• 15:40 - 4. Palantir (PLTR)

• 16:45 - 3. Tesla (TSLA)

• 17:50 - 2. Apple (AAPL)

• 19:10 - 1. Nvidia (NVDA)

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All investing involves risk. Brokerage services for US listed securities, options and bonds in a self-directed brokerage account are offered by Open to the Public Investing Inc, member FINRA & SIPC. Not investment advice. Options trading entails significant risk and is not appropriate for all investors. Customers must read and understand the Characteristics and Risks of Standardized Options before considering any options strategy. Options investors can rapidly lose the value of their investment in a short period of time and incur permanent loss by expiration date. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount, and are only available for qualified customers. Index options have special features and fees that should be carefully considered, including settlement, exercise, expiration, tax, and cost characteristics. See Fee Schedule for all options trading fees. There are additional costs associated with option strategies that call for multiple purchases and sales of options, such as spreads, straddles, among others, as compared with a single option trade. Rebate rates vary monthly from $0.06-$0.18 and depend on the particular security, whether the trade was placed via API, as well as your current and prior month’s options trading volume. Review Options Rebate Terms here. Rates are subject to change. Go to public.com/optionsbrief to learn more.