The S&P 500 and Nasdaq surged on Thursday (June 15th) to close at their highest in 14 months, as investors cheered economic data that fueled bets that the U.S. Federal Reserve is nearing the end of its aggressive interest-rate hike campaign.
Regarding the options market, a total volume of 48,254,737 contracts was traded, up 8% from the previous trading day.
Top 10 Option Volumes
Top 10: $SPY(SPY)$; $QQQ(QQQ)$; $Tesla(TSLA)$; $Apple(AAPL)$; $Nvidia(NVDA)$; $IWM(IWM)$; $Microsoft(MSFT)$; $AMD(AMD)$; $VIX(VIX)$; $Amazon(AMZN)$
Source: Tiger Trade APP
$Microsoft Corp(MSFT)$ shares rose to a new record high close on Thursday as market optimism about the prospects of artificial intelligence (AI) has helped buoy the technology giant to a record market capitalization of $2.59 trillion.
Microsoft is seen as a leader in the adoption of AI technology in the software industry owing to its huge investment in OpenAI, the San Francisco-based startup that owns the widely popular chatbot ChatGPT.
Microsoft's shares closed up 3.2 percent at $348.10 per share on Thursday. A total number of 884.8K options related to $Microsoft(MSFT)$ stock was traded, of which call options accounted for 64%. A particularly high trading volume was seen for the $350 strike call options expiring June 16, with a total number of 54,739 option contracts trading on Thursday.
In addition, $Apple Inc(AAPL)$ shares also achieved a record high close of $186.01 on Thursday, while shares of graphics chipmaker Nvidia set a fresh intraday record of $432.89.
A total number of 1.31 million options related to $Apple(AAPL)$ stock was traded, of which call options accounted for 65%. A particularly high trading volume was seen for the $185 strike call options expiring June 16, with a total number of 171,249 option contracts trading on Thursday.
Source: Market Chameleon
Most Active Options
1. Most Active Trading Equities Options:
Special %Calls >70%: $Alibaba(BABA)$; $Uber(UBER)$; $Intel(INTC)$; $C3.ai(AI)$; $Oracle(ORCL)$; $NIO(NIO)$; $Palantir(PLTR)$
Data From CBOE Trader Alert, as of 16 June 2023 EDT
2. Most Active Trading ETFs Options
Special % Calls >80%: $CSI China Internet ETF(KWEB)$; $iShares China Large-Cap ETF(FXI)$; $Nasdaq 100 Bear 3X ETF(SQQQ)$; $Bloomberg Natural Gas Bull 2X ETF(BOIL)$
Data From CBOE Trader Alert, as of 16 June 2023 EDT
Special %Puts >70%: $iShares iBoxx $ High Yield Corporate Bond ETF(HYG)$; $iShares MSCI EAFE ETF(EFA)$
Data From CBOE Trader Alert, as of 16 June 2023 EDT
Unusual Options Activity
Source: Market Chameleon
Shares of NIO have gained since Monday on the back of an announcement by the company it will cut vehicle prices to attract more buyers as well as Chinese media reports that the electric-vehicle maker is in talks with other brands to share its battery swap system. Shares rose as much as 8.18% to $9.79.
NIO's second-half electric vehicle delivery outlook is bright due to the company's plan to launch three new models, CGS-CIMB analyst Ray Kwok said in a note earlier in the week.
The analyst estimated that NIO's EV shipments will grow by 90% on year in the third quarter to 60,000 units, and 75% on year to 70,000 units in the fourth quarter amid new model launches.
A total number of 499,319 options related to $NIO(NIO)$ stock was traded, of which call options accounted for 73%. A particularly high trading volume was seen for the $10 strike call options expiring June 16, with a total number of 59,305 option contracts trading on Thursday.
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: $NU(NU)$; $AI(AI)$; $MSFT(MSFT)$; $CVNA(CVNA)$; $DAL(DAL)$; $WBD(WBD)$; $GM(GM)$; $AGNC(AGNC)$; $FFIE(FIE)$; $PLTR(PLTR)$
Top 10 bearish stocks: $NKLA(NKLA)$; $AAPL(AAPL)$; $TSLA(TSLA)$; $F(F)$; $PYPL(PYPL)$; $BAC(BAC)$; $DIS(DIS)$; $AMC(AMC)$; $BABA(BABA)$; $MANU(MANU)$
Source: Market Chameleon
Source: Market Chameleon
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Comments
Who needs a crystal ball when you've got these top 10 option volumes? It's like a stock market treasure hunt!
The options market is going bonkers with all these contracts being traded
Looks like the Fed's interest-rate hike campaign is finally running out of steam
SPY, QQQ, TSLA, AAPL, and the gang are partying like there's no tomorrow
Wow, the S&P 500 and Nasdaq are soaring like a rocket ship!