The Dow Jones Industrial Average (DJI) and tech-heavy Nasdaq Composite (IXIC) are both up triple digits this afternoon, tapping record highs alongside the S&P 500 Index (SPX). The chip sector is giving markets a boost, as anticipation grows surrounding new 'framework' for U.S. and China's trade talks. Eyes are also on Wednesday's Federal Reserve meeting, where investors expect another rate cut.

Joining today's semiconductor melt up is Qualcomm Inc (Nasdaq: QCOM), last seen 18% higher at $200, adding to its already 29% year-to-date gain and earlier hitting a record-high $205.95. So far today, 212,000 calls and 73,000 puts have crossed the tape, 18 times the volume typically seen at this point. The most active contract is the weekly 10/31 180- and 200-strike calls, with new positions opening at both.

One of the best stocks on the New York Stock Exchange (NYSE) today, Lemonade Inc (NYSE: LMND) is eyeing a third-straight pop and pressuring the $55 level. Though the catalyst for today's lift is unclear, it will be adding to the already 50% year-to-date lead, with extra support stemming from the ascending 100-day moving average.

Coeur Mining Inc (NYSE: CDE) shares were last seen down 7.5% at $17.25, pushing it to one of the worst names on the NYSE, as mining stocks suffer a major setback amid a drop in gold prices. CDE is headed for its lowest close since Sept. 18, but remains more than 200% higher for 2025.

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