The S&P 500 closed at another record high on Wednesday (Aug 27), just ahead of Nvidia’s much-anticipated earnings release—seen as the key test for the AI-driven rally that has pushed valuations to lofty levels.
📊 Options Market Overview
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Total contracts traded: 41.4M
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Call ratio: 62%
Top 10 Option Volumes (Aug 27): $NVDA$, $TSLA$, $PLTR$, $NIO$, $AAPL$, $HOOD$, $AMD$, $INTC$, $MSTR$, $SOFI$
🔥 Spotlight: Palantir ($PLTR$)
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Total option volume: 761.7K
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Heavy action at the $160 strike call expiring Aug 30 → 29,855 OI
CNBC’s Jim Cramer once again highlighted his bullish view on Palantir, linking its upside potential to momentum in $MongoDB (MDB)$.
On X, Cramer argued that MongoDB’s strong earnings could spill over into Palantir, making it the “next big AI/data winner.”
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“You know they are going to buy Palantir off of MongoDB.”
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Reiterated $200 price target (~24% upside).
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“Bears didn’t see Mongo coming… Think this stock isn’t headed to $200? Think again.”
📈 Unusual Options Activity: Alibaba ($BABA$)
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Earnings: Aug 29 (Q1 FY2026)
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Expected revenue: 252.9B yuan (+4% YoY)
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Options imply a ±$7.17 move (≈6%), setting a range of $112.5–126.8
Alibaba is expected to highlight its AI push, after investing billions over the past three years. AI is positioned as a key driver of future revenue.
Cloud division estimates (Apr–Jun 2025):
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Revenue: 31.4B yuan ($4.4B)
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Growth: +18% YoY, but only +4.3% QoQ → signaling slowing momentum.
📊 Bullish & Bearish Stocks by Delta Volume
Delta volume converts option trades into stock-equivalent flows, showing net bullish or bearish pressure.
Top 10 Bullish Stocks: $NVDA$, $PG$, $UNH$, $ON$, $TTD$, $CCL$, $PSKY$, $MRNA$, $ABNB$, $DAL$
Top 10 Bearish Stocks: $WBA$, $TSLA$, $PLTR$, $WMT$, $F$, $WFC$, $GOOGL$, $GOOG$, $T$, $AMZN$
📌 Takeaway
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PLTR $160 calls show strong speculative interest, with Cramer backing a $200 target.
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Alibaba could swing ±6% post-earnings, with cloud + AI growth under the spotlight.
💬 Your Turn: Which happens first—PLTR hitting $200 or BABA breaking below $115 after earnings?
$(PLTR)$ $(BABA)$
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