Option Movers｜Meta Sees 68% Call Options; Alphabet's $300 Call Rockets 136%; Coinbase Shows Bullish Sentiment

U.S. stocks ended a choppy session higher on Wednesday(Nov 19), bouncing off recent losses as technology stocks rose ahead of Nvidia's quarterly results.

Regarding the options market, a total volume of 51,072,408 contracts was traded on Wednesday.

Top 10 Option Volumes

Source: Tiger Trade App

Yann LeCun, one of the founding figures of modern artificial intelligence and a pivotal force at $Meta Platforms(META)$ META.O, said on Wednesday he plans to leave the company at the end of the year to launch a new AI startup. Meta shares dipped 1%.

A total number of 533.56K options related to $Meta Platforms(META)$ were traded on Wednesday, of which call options accounted for 68%. Particularly high volume was seen for the $600 strike call option expiring Nov. 21, with 18,960 contracts trading. $META 20251121 600.0 CALL$

Unusual Options Activity

Source: Market Chameleon

$Alphabet(GOOG)$’s shares climbed 3% to $292.99, for a record closing high. The tech giant’s Gemini 3 AI model debuted Tuesday to generally positive reception. Google andAlphabetCEO Sundar Pichai called it the “most intelligent model” yet.

A total number of 544.81K options related to $Alphabet(GOOG)$ were traded on Wednesday, up 107% from the previous trading day, of which call options accounted for 59%. Particularly high volume was seen for the $300 strike call option expiring Nov. 21, with 33,560 contracts trading. $GOOG 20251121 300.0 CALL$

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 bought a net equivalent of 4,671,372 shares of $Coinbase Global, Inc.(COIN)$ stock. The largest bullish delta came from selling puts. The largest delta volume came from the 21-Nov-25 520 Put, with traders getting long 3,425,000 deltas on the single option contract.

Source: Market Chameleon

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