Option Movers | TSLA Sees 65% Call Options; MARA, MSTR, COIN, and RIOT Show Strong Bullish Sentiment

Market Overview

Wall Street's main indexes notched record high closes on Monday (Nov. 11), lifted by stocks expected to benefit from Republican President-elect Donald Trump's potential fiscal policies.

Regarding the options market, a total volume of 50,822,164 contracts was traded, down 10% from the previous trading day.

Top 10 Option Volumes

Top 10: $TSLA(TSLA)$, $NVDA(NVDA)$, $PLTR(PLTR)$, $MARA(MARA)$, $SOFI(SOFI)$, $COIN(COIN)$, $MSTR(MSTR)$, $AAPL(AAPL)$, $RIOT(RIOT)$, $GME(GME)$

Source: Tiger Trade App

$Tesla(TSLA)$ shares jumped another 9% on Monday as postelection rally continues. Gains left Tesla stock up about 39% since the Nov. 5 presidential election, and up 41% year to date. The postelection rally has created almost $320 billion in stock market value, pushing Tesla’s market capitalization to about $1.1 trillion. Shares haven’t closed above $350 since April 2022.

There are 4.01 million Tesla option contracts traded on Monday, down 48% from the previous trading day. Call options account for 65% of overall option trades. Particularly high volume was seen for the $350 strike call option expiring November 15, with 158,861 contracts trading. TSLA 20241115 350.0 CALL

$Palantir(PLTR)$ shares gains another 3.2% to a new record on Monday. The data analytics firm raised its annual revenue forecast for the third time last week, bolstering investor confidence that the AI frenzy was fueling demand for its services. Palantir is among the biggest winners of the generative artificial intelligence boom, with its stock price more than 250% in value this year.

There are 1.06 million Palantir option contracts traded on Monday, down 16% from the previous trading day. Call options account for 61% of overall option trades. Particularly high volume was seen for the $65 strike call option expiring November 15, with 50,739 contracts trading. PLTR 20241115 65.0 CALL

Unusual Options Activity

Source: Market Chameleon

Bitcoin’s record-breaking rally took the digital asset past $89,000 and lifted the overall value of the crypto market above its pandemic-era peak as traders bet on a boom under President-elect Donald Trump. Crypto stocks surged on Monday. $Marathon Digital(MARA)$ rose 30%; $MicroStrategy(MSTR)$ rose 26%; $Coinbase(COIN)$ rose 20%; $Riot Platforms(RIOT)$ rose 17%.

There are 912.4K Marathon Digital option contracts traded on Monday, up 152% from the previous trading day. Call options account for 80% of overall option trades. Particularly high volume was seen for the $25 strike call option expiring November 15, with 57,290 contracts trading. MARA 20241115 25.0 CALL

There are 816.9K MicroStrategy option contracts traded on Monday, up 51% from the previous trading day. Call options account for 70% of overall option trades. Particularly high volume was seen for the $330 strike call option expiring November 15, with 40,372 contracts trading. MSTR 20241115 330.0 CALL

There are 825.2K Coinbase option contracts traded on Monday, up 65% from the previous trading day. Call options account for 76% of overall option trades. Particularly high volume was seen for the $325 strike call option expiring November 15, with 34,122 contracts trading. COIN 20241115 325.0 CALL

There are 547.1K Riot Platforms option contracts traded on Monday, up 170% from the previous trading day. Call options account for 88% of overall option trades. Particularly high volume was seen for the $15 strike call option expiring March 21, 2025, with 51,274 contracts trading. RIOT 20250321 15.0 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.

Top 10 bullish stocks: $ACHR(ACHR)$, $AMC(AMC)$, $AFRM(AFRM)$, $CLSK(CLSK)$, $MSTR(MSTR)$, $TSLA(TSLA)$, $RIOT(RIOT)$, $MARA(MARA)$, $GME(GME)$, $HOOD(HOOD)$

Source: Market Chameleon

Top 10 bearish stocks: $V(V)$, $AAPL(AAPL)$, $PFE(PFE)$, $NGD(NGD)$, $MRNA(MRNA)$, $HPE(HPE)$, $RSI(RSI)$, $AMZN(AMZN)$, $GRAB(GRAB)$; $AAL(AAL)$

Source: Market Chameleon

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