Option Movers | Micron Sees 64% Call Options; Tesla Shows Highest Bullish Sentiment

Option Movers04-02 19:09

Wall Street ended higher on Wednesday (Apr. 1), with strong gains in Alphabet and other heavyweights, after U.S. President Donald Trump suggested an end to the Middle East conflict could be close. Lisa Bernhard reports.

Regarding the options market, a total volume of 59,165,346 contracts was traded on Wednesday.

Top 10 Option Volumes

Top 10: Tesla Motors, NVIDIA, Meta Platforms, Inc., Microsoft, Micron Technology, Intel, Amazon.com, Nike, Apple, Strategy

Nike stock down 16% on Wednesday.

A total number of 665.42K options related to Nike were traded on Wednesday, of which put options accounted for 47%. Particularly high volume was seen for the $45 strike put option expiring Apr. 2, with 28,974 contracts trading.

Unusual Options Activity

Micron Technology stock up 9% on Wednesday.

A total number of 890.16K options related to Micron Technology were traded on Wednesday, of which call options accounted for 64%. Particularly high volume was seen for the $380 strike call option expiring Apr. 2, with 25,574 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: Tesla Motors, AdaptHealth Corp., Transocean, NVIDIA, Core Scientific, Inc., AGNC Investment Corp, Apple, Unity Software Inc., Edwards Lifesciences, Blue Owl Capital Inc.

Top 10 bearish stocks: SUPER MICRO COMPUTER INC, ONEOK Inc, Intel, ImmunityBio, Inc., Rivian Automotive, Inc., Hims & Hers Health Inc., GameStop, STMicroelectronics NV, FLEX LNG ORD, nLIGHT

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