Episode Details

It was a blood-red day across the markets as major tech giants faced a massive wave of selling. On this episode of The Hot Options Report, host Mark Longo breaks down an incredibly active and spicy session in the options pits, where traders aggressively loaded up on downside protection and faded recent high-flyers.

We dive into the data from the "Retail Giant" scan at TheHotOptionsReport.com to see where small-sized traders are focusing their capital, before counting down the top 10 most active chains on the tape.

Key Highlights:

• The Semiconductor Slide: Broadcom (AVGO) continues its post-earnings slide, while Micron (MU) experiences a mind-boggling triple-digit handle drop to the dark side. Plus, an inside look at a highly aggressive, deeply out-of-the-money put play in Intel (INTC).

• Breaking Key Levels: Tesla (TSLA) surrenders a crucial psychological level, triggering a massive wave of activity in the power puts.

• Big Tech Tech Tumbles: High-volume put action dominates the tape in Nvidia (NVDA), Microsoft (MSFT), Meta (META), and Amazon (AMZN).