The S&P 500 and the Nasdaq advanced for a fourth consecutive session on Monday (Jan. 26), as investors geared up for a slew of mega-cap earnings and a Federal Reserve update on interest rate policy later this week.
Regarding the options market, a total volume of 54,378,563 contracts was traded on Monday.
Top 10 Option Volumes
Top 10: NVIDIA, Tesla Motors, Apple, Intel, GameStop, Cboe Volatility Index, Advanced Micro Devices, Netflix, USA Rare Earth Inc., CoreWeave, Inc.
Tesla Motors stock eased lower on Monday as investors braced for a make‑or‑break earnings week that will test whether Elon Musk’s big autonomy promises really deliver.
A total number of 998.87K options related to Tesla Motors was traded on Monday, of which call options accounted for 57%. Particularly high volume was seen for the $440 strike call option expiring Jan 30, with 54,893 contracts trading. $TSLA 20260130 440.0 CALL$
Intel shares slid about 6% in Monday trading, extending losses after its latest earnings report, even as some analysts turned more constructive on a recovery in the personal computer market and early momentum in its contract chipmaking business.
A total number of 889.41K options related to Intel were traded on Monday, of which call options accounted for 61%. Particularly high volume was seen for the $42 strike put option expiring Jan 30, with 23,821 contracts trading. $INTC 20260130 42.0 PUT$
Unusual Options Activity
Shares of GameStop rallied on Monday after Michael Burry, the money manager made famous by The Big Short, wrote that he has been buying the stock.
In a post on Substack, Burry expressed his confidence in the company’s chairman and chief executive officer, Ryan Cohen, who has tried a number of strategies to confront the challenges facing GameStop’s network of physical stores as online gaming becomes more popular.
A total number of 767.04K options related to GameStop were traded on Monday, of which call options accounted for 90%. Particularly high volume was seen for the $25 strike call option expiring Jan 30, with 90,027 contracts trading. $GME 20260130 25.0 CALL$
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.
Top 10 bullish stocks: ServiceNow, Strategy, Adobe, Apple, NVIDIA, Peloton Interactive, Inc., AT&T Inc, Netflix, T-Mobile US, Snowflake
Top 10 bearish stocks: Microsoft, Coinbase Global, Inc., Nike, PDD Holdings Inc, Salesforce.com, Pfizer, Meta Platforms, Inc., Target, Eos Energy Enterprises Inc., Duolingo, Inc.
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