The Dow Jones Industrial Average and S&P 500 chalked up record closing highs on Friday (Oct. 18), with the Nasdaq also in positive territory, as markets were boosted by an earnings-driven jump in Netflix shares and broader gains across technology stocks.
Regarding the options market, a total volume of 45,246,531 contracts was traded on Friday.
Top 10 Option Volumes
Top 10: $Nvidia(NVDA)$; $Tesla(TSLA)$; $Apple(AAPL)$; $MicroStrategy(MSTR)$; $Amazon(AMZN)$; $Netflix(NFLX)$; $Marathon Digital(MARA)$; $Super Micro Computer(SMCI)$; $AMD(AMD)$; $Coinbase(COIN)$
Bitcoin came close to $70,000 on Monday as a spurt of inflows into exchange-traded funds for the largest digital asset as well as optimism about the outlook for US regulations supported sentiment.
The cryptocurrency rose 1% before paring some of the gains to trade at $69,005 as of 7:20 a.m. in London.
US spot-Bitcoin ETFs lured almost $2.4 billion of net inflows in the six days through Oct. 18, data compiled by Bloomberg show, partly on bets that US crypto rules will become friendlier after the Nov. 5 presidential election.
A total number of 754.66K options related to $MicroStrategy(MSTR)$ was traded last Friday, up 214% from the previous trading day. A particularly high trading volume was seen for the $210 strike call options expiring Oct. 18, with 48,065 options contracts trading last Friday.
A total number of 547.65K options related to $Marathon Digital(MARA)$ was traded last Friday, of which 77% were call options. A particularly high trading volume was seen for the $19 strike call options expiring Oct. 18, with 95,416 options contracts trading last Friday.
Unusual Options Activity
$Trump Media(DJT)$'s shares dipped by 1.07% last Friday.
Last Friday, a group of four accounts wagered $30 million on a Trump victory on Polymarket, a decentralized betting platform tied to cryptocurrencies, The Wall Street Journal reported. That would help account for the lead Trump has established in betting markets in the past few weeks.
A total number of 210.79K options related to Trump Media was traded last Friday, of which 63% were call options. A particularly high trading volume was seen for the $30 strike call options expiring Oct. 18, with 16,551 options contracts trading on Friday.
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 sold a net equivalent of -1,171,516 shares of $Tesla Motors(TSLA)$ stock. The largest bearish delta came from selling calls. The largest delta volume came from the 18-Oct-24 Call, with traders getting short 3,115,038 deltas on the single option contract.
Top 10 bullish stocks: $ChargePoint(CHPT)$; $MicroStrategy(MSTR)$; $Netflix(NFLX)$; $JetBlue(JBLU)$; $Lyft(LYFT)$; $Coinbase(COIN)$; $Peloton(PTON)$; $NexGen Energy(NXE)$; $Amcor(AMCR)$; $Medical Properties(MPW)$
Top 10 bearish stocks: $Apple(AAPL)$; $GameStop(GME)$; $Amazon(AMZN)$; $First Majestic Silver(AG)$; $Tesla(TSLA)$; $SoFi Technologies(SOFI)$; $Pfizer(PFE)$; $Super Micro Computer(SMCI)$; $Applied Digital(APLD)$; $SoundHound AI(SOUN)$
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