The Nasdaq ended higher on Friday(Oct 25), driven by megacap shares, as investors awaited quarterly results from some of Wall Street's biggest companies next week.
Regarding the options market, a total volume of 48,771,379 contracts was traded on Friday.
Top 10 Option Volumes
Top 10: $Tesla(TSLA)$; $Nvidia(NVDA)$; $Apple(AAPL)$; $MicroStrategy(MSTR)$; $Palantir(PLTR)$; $Trump Media & Technology(DJT)$ ; $AMD(AMD)$; $Amazon(AMZN)$; $SoFi Technologies(SOFI)$; $Super Micro Computer(SMCI)$
Source: Tiger Trade App
$NVIDIA Corp(NVDA)$ rose 0.8% to $141.54. The stock had closed at a record high of $143.71 on Monday. The chip maker trails only Apple on the list of largest U.S. companies by market cap.
A total number of 4.68 million options related to Nvidia was traded, up 77% from the previous trading day. Call options account for 65% of overall option trades. A particularly high trading volume was seen for the $155 strike call options expiring Nov 1, with 176,453 options contracts trading. $NVDA 20241101 155.0 CALL$
Unusual Options Activity
Source: Market Chameleon
Shares of Donald Trump’s social media venture jumped 11% on Friday, which have more than tripled in the five weeks since they bottomed out after the expiration of a lockup period that prevented insiders from selling the stock.
A total number of 539.53K options related to DJT was traded, up 132% from the previous trading day. Call options account for 57% of overall option trades. A particularly high trading volume was seen for the $12 strike Put options expiring Nov 15, with 25,841 options contracts trading. $DJT 20241115 12.0 PUT$
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 2,422,758 shares of AAPL stock. The largest bullish delta came from buying calls. The largest delta volume came from the 25-Oct-24 Put, with traders getting long 2,036,760 deltas on the single option contract.
Source: Market Chameleon
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