The S&P 500 and Nasdaq registered record closing highs for a fourth session in a row on Thursday (June 13) as technology shares extended their recent rally.
Top 10 Option Volumes
Top 10:$NVDA(NVDA)$; $TSLA(TSLA)$; $AAPL(AAPL)$; $GME(GME)$; $AMZN(AMZN)$; $AMD(AMD)$; $SMCI(SMCI)$; $META(META)$; $AMC(AMC)$; $MSFT(MSFT)$
Source: Tiger Trade App
$Tesla(TSLA)$ stock rose 2.9% to $182.47 on Thursday. Tesla shareholders approved CEO Elon Musk's $56 billion pay package, the electric vehicle-maker said on Thursday, a big thumbs-up to his leadership and an enticement for keeping his focus on his biggest source of wealth.
Separately, Tesla said it likely will raise the price of its Model 3 in Europe following new tariffs on electric vehicles made in China planned by the EU.
A total number of 2765.97K options related to $TSLA(TSLA)$ shares was traded, of which call options accounted for 65%. Tesla's OTM calls showed huge trading volume. The $190 strike call option expiring this Friday, with a total number of 173,516 option contracts trading as of Thursday.
Source: Market Chameleon
Unusual Options Activity
Source: Market Chameleon
$Nvidia(NVDA)$ shares rose 3.52% to $129.61 on Thursday. Fellow chip company $Broadcom(AVGO)$ underlined demand for artificial-intelligence processors in its earnings but also its intention to fight for market share in AI networking technology.
A total number of 5,625,282 options related to $NVDA(NVDA)$ shares was traded, 3.3 times higher than the 90-day average trading volume. A particularly high trading volume was seen for the $130 strike call option expiring this Friday, with a total number of 311,758 option contracts trading as of 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: $META(META)$; $NVDA(NVDA)$; $GME(GME)$; $CSCO(CSCO)$; $HPE(HPE)$; $XOM(XOM)$; $SMCI(SMCI)$; $SNOW(SNOW)$; $AIG(AIG)$; $BMY(BMY)$
Top 10 bearish stocks: $AMZN(AMZN)$; $TSLA(TSLA)$; $MO(MO)$; $AAPL(AAPL)$; $INTC(INTC)$; $MNST(MNST)$; $AAL(AAL)$; $DKS(DKS)$; $AMD(AMD)$; $SPCE(SPCE)$
Source: Market Chameleon
Based on option delta volume, traders bought a net equivalent of 8,006,580 shares of $Meta(META)$ stock.
The largest delta volume came from the 21-Jun-24 105 Call, with traders getting long 1,278,733 deltas on the single option contract.
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