U.S. stocks rallied to close out the trading week on Friday(Dec 20) after two lackluster sessions as a cooler-than-expected inflation report and comments from Federal Reserve officials eased worries about the path of interest rates.
Regarding the options market, a total volume of 63,008,624 contracts was traded on Friday.
Top 10 Option Volumes
Top 10: NVDA; TSLA; VIX; Palantir Technologies Inc. ; AAPL; Broadcom ; MSTR; AMD; AMZN; Microsoft ; MU
Source: Tiger Trade App
Palantir Technologies Inc. said it has extended a major U.S. Army artificial intelligence contract worth $619 million. Palantir will join the Nasdaq 100 effective Dec. 23. Palantir stock rallied 8,5% on Friday.
A total number of 1.36 million options related to Palantir Technologies Inc. was traded, up 74% from the previous trading day, of which 62% were call options. A particularly high option volume related to PLTR was seen for the $80 strike call option expiring Dec 27, with 39,329 contracts trading as of Friday. $PLTR 20241227 80.0 CALL$
Unusual Options Activity
Source: Market Chameleon
MicroStrategy will join the Nasdaq 100 effective Dec. 23. MicroSrategy’s market cap has swelled to nearly $89 billion this year, after its stock rallied 477%. The data mining company has transformed itself into a proxy for cryptocurrency bitcoin. Since 2020, it has amassed bitcoin holdings worth more than $41 billion at current market value, making it one of the world’s largest holders of the cryptocurrency. MicroStrategy rose 12% on Friday.
A total number of 794.86K options related to MicroStrategy was traded, of which 57% were call options. A particularly high option volume related to MSTR was seen for the $400 strike call option expiring Dec 27, with 20,682 contracts trading as of Friday. $MSTR 20241227 400.0 CALL$
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.
Based on option delta volume, traders bought a net equivalent of 3,497,816 shares of AAPL stock. The largest bullish delta came from buying calls. The largest delta volume came from the 20-Dec-24 Put, with traders getting long 717,981 deltas on the single option contract.
Top 10 bullish stocks: AAPL, NVDA, JCI, PLTR, PFE, TSLA, CCL, FCX, GOOG, ABT
Top 10 bearish stocks: AMD, AVGO, MSFT, MU, XOM, WMT, INTC, CSX, KO, WFC
Source: Market Chameleon
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