Amazon surges 11.47% premarket as AWS growth hits 37%, fastest in five years
In premarket trading, the Invesco QQQ Trust rose 1.35% and the SPDR S&P 500 ETF rose 0.55%. Microsoft’s Azure cloud revenue jumped 43%, and its full-year revenue could exceed $100 billion, helping drive a strong rebound in AI infrastructure stocks. Micron Technology, SK hynix and AI data-center operators such as CoreWeave also rallied sharply on the positive sentiment, as confidence in the AI capital-spending cycle partially recovered. Options data showed that QQQ’s put-to-call trading-volume ratio rose to 1.16 in the previous session, while implied volatility was 27.57%. Amazon surged 11.47% in premarket trading. The company released its second-quarter results on July 30, reporting AWS revenue of $42.2 billion, up 37% from a year earlier—the fastest growth rate in five years. Options-market data showed the stock’s put-to-call trading-volume ratio falling to 0.54, with implied volatility at 49.76%. Among options expiring July 31, 2026, the $250 call had the most active trading and rose 270.46%. Microsoft edged down 0.65% before the market opened. The company reported its fourth-quarter results, with Azure cloud growth of 43%, exceeding market expectations. Its put-to-call trading-volume ratio fell to 0.4, while implied volatility was 34.66%. Among options expiring July 31, 2026, the $460 call had the highest trading volume and rose as much as 453.61%. On July 30, Eastern time, trading volume in U.S. equity-index options increased to 6.76 million contracts. The put-to-call trading-volume ratio fell to 0.99. For upcoming expirations, S&P 500 index-options volume was concentrated around a peak of 7,450 for puts and 7,500 for calls. IREN Ltd. closed 30.54% higher, with 569,400 options contracts traded and its put-to-call trading-volume ratio rising to 0.89. IREN’s stock jumped 27% as strong Microsoft earnings helped trigger a rebound in AI infrastructure stocks. Meta Platforms closed 7.95% lower, with 1,027,600 options contracts traded and its put-to-call trading-volume ratio rising to 0.58. Meta’s second-quarter results fell short of expectations, while a surge in AI infrastructure spending caused free cash flow to plunge 91% to $784 million. Among the 10 stocks with the highest options volume, Apple had the highest put-to-call trading-volume ratio, at 0.90. Apple’s third-quarter results exceeded expectations, but its fourth-quarter guidance was below Wall Street expectations because of supply-chain constraints and rising memory costs. Micron Technology had the highest put-to-call open-interest ratio, at 1.22. Its stock surged 18% on expectations that Amazon had raised capital spending to $220 billion and that memory demand would remain strong. The source also includes headings for the top 10 stocks and top 10 indexes by options volume, without providing the underlying lists. In the implied-volatility rankings for companies with market capitalizations above $1 billion and options volume above 100,000 contracts, Fermi had the highest implied volatility and the largest increase, at 159.56%, up 4.31% from the previous session. Mizuho Securities maintained a buy rating on Fermi but sharply cut its price target from $27 to $11. Bitdeer Technologies Group had the second-largest increase in implied volatility, reaching 135.54%, up 2.92% from the previous session. A KBW analyst cut the price target for Bitdeer Technologies Group from $17 to $14 and maintained a hold rating.
Options data showed that QQQ’s put-to-call trading-volume ratio rose to 1.16 in the previous session, while implied volatility was 27.57%.
Amazon surged 11.47% in premarket trading. The company released its second-quarter results on July 30, reporting AWS revenue of $42.2 billion, up 37% from a year earlier—the fastest growth rate in five years. Options-market data showed the stock’s put-to-call trading-volume ratio falling to 0.54, with implied volatility at 49.76%. Among options expiring July 31, 2026, the $250 call had the most active trading and rose 270.46%.
Microsoft edged down 0.65% before the market opened. The company reported its fourth-quarter results, with Azure cloud growth of 43%, exceeding market expectations. Its put-to-call trading-volume ratio fell to 0.4, while implied volatility was 34.66%. Among options expiring July 31, 2026, the $460 call had the highest trading volume and rose as much as 453.61%.
On July 30, Eastern time, trading volume in U.S. equity-index options increased to 6.76 million contracts. The put-to-call trading-volume ratio fell to 0.99.
For upcoming expirations, S&P 500 index-options volume was concentrated around a peak of 7,450 for puts and 7,500 for calls.
IREN Ltd. closed 30.54% higher, with 569,400 options contracts traded and its put-to-call trading-volume ratio rising to 0.89. IREN’s stock jumped 27% as strong Microsoft earnings helped trigger a rebound in AI infrastructure stocks.
Meta Platforms closed 7.95% lower, with 1,027,600 options contracts traded and its put-to-call trading-volume ratio rising to 0.58. Meta’s second-quarter results fell short of expectations, while a surge in AI infrastructure spending caused free cash flow to plunge 91% to $784 million.
Among the 10 stocks with the highest options volume, Apple had the highest put-to-call trading-volume ratio, at 0.90. Apple’s third-quarter results exceeded expectations, but its fourth-quarter guidance was below Wall Street expectations because of supply-chain constraints and rising memory costs.
Micron Technology had the highest put-to-call open-interest ratio, at 1.22. Its stock surged 18% on expectations that Amazon had raised capital spending to $220 billion and that memory demand would remain strong.
The source also includes headings for the top 10 stocks and top 10 indexes by options volume, without providing the underlying lists.
In the implied-volatility rankings for companies with market capitalizations above $1 billion and options volume above 100,000 contracts, Fermi had the highest implied volatility and the largest increase, at 159.56%, up 4.31% from the previous session. Mizuho Securities maintained a buy rating on Fermi but sharply cut its price target from $27 to $11.
Bitdeer Technologies Group had the second-largest increase in implied volatility, reaching 135.54%, up 2.92% from the previous session. A KBW analyst cut the price target for Bitdeer Technologies Group from $17 to $14 and maintained a hold rating.