Wall Street closed higher on Friday(Nov 22), with all three major indexes posting weekly gains, as investors took comfort from data pointing to robust economic activity in the world's biggest economy.
Regarding the options market, a total volume of 54,133,080 contracts was traded on Friday.
Top 10 Option Volumes
Top 10: $NVDA(NVDA)$; $TSLA(TSLA)$; $SMCI(SMCI)$; $MSTR(MSTR)$; $PLTR(PLTR)$; $AAPL(AAPL)$; $MARA(MARA)$; $AMZN(AMZN)$; $SOFI(SOFI)$; $AMD(AMD)$
Source: Tiger Trade App
Shares of the electric-vehicle maker added 3.8% on Friday, closing at $352.56. Through Friday trading, Tesla stock was up by more than $100 a share since the Nov. 5 election, adding some $325 billion to its market value.
A total number of 3.4M options related to Tesla was traded, up 112% from previous trading day, of which 62% were call options.
Unusual Options Activity
Source: Market Chameleon
$SUPER MICRO COMPUTER INC(SMCI)$ gained 12%. Shares of the server maker jumped 15% on Thursday. Super Micro announced at the beginning of the week that it had a plan for filing late earnings reports and had hired a new auditor.
A total number of 1.34M options related to $Super Micro(SMCI)$ was traded, of which 69% were call options. A particularly high volume was seen for the $40 strike call option expiring Dec 20, with 27,634 contracts trading as of Friday. $SMCI 20241220 40.0 CALL$
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 sold a net equivalent of -6,527,588 shares of NVDA stock. The largest bearish delta came from selling calls. The largest delta volume came from the 22-Nov-24 Call, with traders getting short 4,322,270 deltas on the single option contract.
Top 10 bullish stocks: AAPL, SMCI, BAC, BA, TSLA, TGT, MRNA, INTC, CRM, ABNB
Top 10 bearish stocks: NVDA, AMZN, GOOGL, GOOG, WMT, META, T, C, CAG, F
Source: Market Chameleon
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
$(TSLA)$ $(SMCI)$ $(NVDA)$
Comments