Nasdaq-100 Index quarterly rebalancing

The Nasdaq-100 Index quarterly rebalancing goes into effect before the market opens on Monday, June 22, 2026. This adjustment introduces five new AI infrastructure and aerospace technology companies while removing five existing constituents to align with updated index methodology and market capitalization rankings. 

Additions to the Nasdaq-100

The following five companies will be added to the index, which will trigger buying pressure from institutional index-tracking funds:

• Astera Labs, Inc. (Nasdaq: ALAB)
• CoreWeave, Inc. (Nasdaq: CRWV)
• Nebius Group N.V. (Nasdaq: NBIS)
• Rocket Lab Corporation (Nasdaq: RKLB)
• Teradyne, Inc. (Nasdaq: TER) 

Removals from the Nasdaq-100

The following five companies will be removed from the index, resulting in forced selling from passive investment vehicles tracking the benchmark: 

• Charter Communications, Inc. (Nasdaq: CHTR)
• Cognizant Technology Solutions Corporation (Nasdaq: CTSH)
• Insmed Incorporated (Nasdaq: INSM)
• Verisk Analytics, Inc. (Nasdaq: VRSK)
• Zscaler, Inc. (Nasdaq: ZS) 

 

Unusual Options Activity Thur 5/22/25

The following options are exhibiting notable trading, potentially indicating changing sentiment toward the underlying stocks, and/or potentially representing positioning for increased volatility.

Bullish Call Activity

• CRWV Weekly May23 110 calls are seeiing interst with the underlying stock up 5% (volume: 9.3K, open int: 4.1K, implied vol: ~143%, prev day implied vol: 121%). Aston Martin Aramco unveiled partnership with CoreWeave as Official AI Cloud Computing Partner. Stock was initiated with a Market Perform at Citizens JMP. Co is expected to report earnings mid-August.
• AI Weekly May23 24 calls (volume: 10.4K, open int: 21.6K, implied vol: ~80%, prev day implied vol: 68%). 10K traded in a single transaction. Co is confirmed to report earnings May 28 after the close.
• DECK Weekly May23 130 calls are seeing interest ahead of earnings tonight (volume: 4.8K, open int: 550, implied vol: ~72%, prev day implied vol: 62%).
• GAP Weekly May23 29 calls are seeiing interst with the underlying stock up 5% (volume: 15.8K, open int: 220, implied vol: ~66%, prev day implied vol: 62%). Co is confirmed to report earnings May 29 after the close.
  

Bearish Put Activity

• RUN Weekly May23 6 puts are seeing interest with the underlying stock down 40% (volume: 2.5K, open int: 380, implied vol: ~99%, prev day implied vol: 94%). Solar stocks are showing weakness following passage of the large reconciliation bill, which includes a phaseout of green energy tax credits beginning in 2028. Co is expected to report earnings late July.
  

Sentiment: The CBOE Put/Call ratio is currently: 0.90, VIX: (20.32, -0.55, -2.6%).
June 20 is options expiration -- the last day to trade June equity options.