U.S. stocks ended down last Friday (March 13), capping a week in which erratic crude oil prices whipsawed equities, as investors gauged how the war in Iran was affecting the global oil supply.
Regarding the options market, a total volume of 65,025,840 contracts was traded last Friday.
Top 10 Option Volumes
Top 10: NVIDIA, Tesla Motors, Cboe Volatility Index, Meta Platforms, Inc., Microsoft, Apple, Strategy, Micron Technology, Merck, Palantir Technologies Inc.
Meta Platforms, Inc. stock tumbled 3.8% last Friday on a report that the Facebook and Instagram parent was delaying the release of its upcoming AI model after it failed to perform as well as rivals. Meta may even consider temporarily licensing Google’s Gemini for use in its products, the New York Times reported, citing unnamed sources.
A total number of 860.29K options related to Meta Platforms, Inc. were traded last Friday, of which call options accounted for 63%. Particularly high volume was seen for the $620 strike call option expiring Mar 13, with 35,659 contracts trading.
NVIDIA shares slid 2% last Friday.
A total number of 3.42 million options related to NVIDIA were traded last Friday, of which call options accounted for 61%. Particularly high volume was seen for the $185 strike call option expiring Mar 13, with 283,794 contracts trading.
Unusual Options Activity
Shares of Micron Technology rallied 5% last Friday.
A total number of 760.21K options related to Micron Technology were traded last Friday, of which call options accounted for 54%. Particularly high volume was seen for the $425 strike call option expiring Mar 13, with 52,177 contracts trading.
TOP Bullish & Bearish Single Stocks
This report shows stocks with the highest volume of bullish and bearish activity by option delta volume, which converts option volume to an equivalent stock volume (bought or sold).
If we take the total positive option delta volume and subtract the total negative option delta volume, we will get the net imbalance. If the net imbalance is positive, there is more bullish pressure. If the net is negative, there is more bearish pressure.
Top 10 bullish stocks: Microsoft, Tesla Motors, Amazon.com, Circle Internet Corp., Plug Power, Pfizer, Palantir Technologies Inc., Norwegian Cruise Line, Calumet Specialty Products Partners LP, Ondas Holdings Inc.
Top 10 bearish stocks: First Horizon National, Compass Therapeutics, Inc., Core Scientific, Inc., Coterra Energy Inc., IBM, Cipher Mining Inc., Rivian Automotive, Inc., Ford, Advanced Micro Devices, Coeur Mining
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