The Dow Jones Industrial Average closed higher on Thursday(May 9), the seventh straight daily advance for the benchmark, as all three major U.S. indexes gained after weekly jobless claims data offered fresh hope for interest-rate cuts.
Regarding the options market, a total volume of 39,285,367 contracts was traded, up 10% from the previous trading day.
Top 10 Option Volumes
Top 10: $TSLA(TSLA)$; $NVDA(NVDA)$; $AAPL(AAPL)$; $Amazon.com(AMZN)$ ; $Robinhood(HOOD)$ ; $Advanced Micro Devices(AMD)$ ; $ARM Holdings Ltd(ARM)$ ; $Palantir Technologies Inc.(PLTR)$ ; $Roblox Corporation(RBLX)$ ; $Intel(INTC)$
Arm Holdings gave a full-year revenue forecast on Wednesday that missed the expectations of investors who had sent the chip designer's shares soaring last September following its IPO on optimism around AI. Shares of Arm fell over 2% on Thursday.
A total number of 378.32K options related to ARM shares was traded, up 71% from the previous trading day, of which call options accounted for 53%. A particularly high trading volume was seen for the $100 strike put option expiring May 10, with a total number of 21,763 options contracts trading on Thursday.$ARM 20240510 100.0 PUT$
Unusual Options Activity
Roblox tumbled 22% after the videogame platform dialed back a financial forecast but saw bookings rise sharply from the year-ago quarter.
A total number of 371.50K options related to RBLX shares was traded, up 296% from the previous trading day, of which call options accounted for 58%. A particularly high trading volume was seen for the $40 strike call option expiring Jun 21, with a total number of 16,134 options contracts trading on Thursday.$RBLX 20240621 40.0 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 1,531,672 shares of Amazon stock. The largest bearish delta came from selling calls. The largest delta volume came from the 10-May-24 190 Put, with traders getting long 1,255,574 deltas on the single option contract.$AMZN 20240510 190.0 PUT$
Top 10 bullish stocks: AMZN, COP, UBER, SBUX, SYF, WMT, RTX, NEM, GILD, BSX
Top 10 bearish stocks: INTC, TSLA, AAPL, C, NVDA, PCG, WBD, UPS, WELL, WFC
If you are interested in options and you want to:
Share experiences and ideas on options trading.
Read options-related market updates/insights.
Learn more about options trading if you are a beginner in this field.
Please click to join Tiger Options Club
$(RBLX)$ $(ARM)$ $(AMZN)$
Comments