KUALA LUMPUR, Nov 5 (Bernama) -- Bursa Malaysia closed higher, buoyed by Bank Negara Malaysia’s (BNM) decision to maintain the Overnight Policy Rate (OPR) at 2.75 per cent, alongside positive cues from Wall Street. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 19.30 points, or 1.19 per cent, to 1,635.86 from Wednesday’s close of 1,616.56. The benchmark index opened 6.72 points higher at 1,623.28, and fluctuated between an intraday high of 1,642.44 and a low of 1,622.62 during the trading session. However, market breadth was negative, with losers outnumbering gainers 723 to 497, while 466 counters were unchanged, 1,075 untraded and 10 suspended. Turnover rose to 3.74 billion units valued at RM3.61 billion compared with yesterday’s 2.81 billion units valued at RM2.57 billion.
Options Market Insight: Total Options Volume: 420,000 contracts Put-Call Ratio: 0.33 → Bullish sentiment More calls than puts = traders betting on upside Investor Read: Although preorder numbers were lower than the cheaper L60’s 60,000+ orders last year, the L90 was priced higher and followed a rocky L60 launch — so the bar was lower. This beat in expectations led to the price surge and options interest. Unusual Options Activity: NuScale Power (SMR.US) saw spikes in $38 put contracts Volume/Open Interest Ratio: 98.7x Contracts traded: 17,462 Suggests bearish positioning or hedging activity in SMR — worth watching. Takeaway for Traders: NIO is seeing bullish momentum both in shares and options , driven by optimism around the premium L90 model. Options traders are positioning for further upside short term — especially with the low put-call ratio. SMR shows unusual downside bets ...