Option Movers | Apple Shows Strongest Bullish Sentiment; Alphabet Sees 63% Call Option as Its Market Cap Surpasses Microsoft

Market Overview

U.S. stocks rallied on Friday (Nov. 21) as investors increased bets that the Federal Reserve will cut interest rates next month, while all three of the major indexes posted losses for the week amid concerns over lofty technology valuations.

Regarding the options market, a total volume of 81,685,018 contracts was traded, down 2% from the previous trading day.

Top 10 Option Volumes

Top 10: $NVDA(NVDA)$, $TSLA(TSLA)$, $AMD(AMD)$, $VIX(VIX)$, $PLTR(PLTR)$, $AAPL(AAPL)$, $MSTR(MSTR)$, $AMZN(AMZN)$, $SOFI(SOFI)$, $ORCL(ORCL)$

Source: Tiger Trade App

During the session on Friday, shares of $Nvidia(NVDA)$ briefly jumped after sources familiar with the matter said the Trump administration is considering green-lighting sales of the company's H200 artificial intelligence chips to China. The stock ended down 1%, still well off of its lows of the session.

There are 6.14 million Nvidia option contracts traded on Fiday, down 8% from the previous trading day. Call options account for 60% of overall option trades. Particularly high volume was seen for the $182.5 strike call option expiring November 21, with 400,406 contracts trading.

$Oracle(ORCL)$ continued its monthslong slump, falling 5.7% on Friday. The stock has succumbed to fears of a potential AI bubble in part because of thesizable debt loadOracleis accumulating to deliver on its eye-popping revenue forecasts.

There are 633.65K Oracle option contracts traded on Fiday, up 72% from the previous trading day. Call options account for 50% of overall option trades. Particularly high volume was seen for the $200 strike call option expiring November 21, with 29,348 contracts trading.

Unusual Options Activity

Source: Market Chameleon

$Alphabet(GOOGL)$, Google’s parent company, rose 3.5% on Friday and surpassed Microsoft as the third-largest U.S. company by market capitalization.

There are 633.65K Alphabet option contracts traded on Fiday, up 31% from the previous trading day. Call options account for 63% of overall option trades. Particularly high volume was seen for the $300 strike call option expiring November 21, with 110,148 contracts trading.

TOP 10 S&P 500 Bullish & Bearish

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 1,100,608 shares of $Apple(AAPL)$ stock. The largest bullish delta came from buying calls. The largest delta volume came from the 21-Nov-25 272.50 Call, with traders getting short 207,696 deltas on the single option contract.

Top 10 bullish stocks: $AAPL(AAPL)$, $AMD(AMD)$, $GOOG(GOOG)$, $INTC(INTC)$, $MU(MU)$, $NVDA(NVDA)$, $F(F)$, $UAL(UAL)$, $SMCI(SMCI)$, $HOOD(HOOD)$

Top 10 bearish stocks: $GILD(GILD)$, $AMZN(AMZN)$, $WBD(WBD)$, $MSFT(MSFT)$, $ORCL(ORCL)$, $PLTR(PLTR)$, $NFLX(NFLX)$, $T(T)$, $WMT(WMT)$; $DECK(DECK)$

Source: Market Chameleon

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