U.S. stocks rose on Thursday (Jan. 15) after two days of declines as Morgan Stanley and Goldman Sachs shares shot up following upbeat quarterly results, while Taiwan-based chipmaker TSMC's blockbuster results boosted shares of U.S. chipmakers.
Regarding the options market, a total volume of 61,871,771 contracts was traded, of which 60% were call options.
Top 10 Option Volumes
Top 10: $NVDA(NVDA)$, $TSLA(TSLA)$, $NFLX(NFLX)$, $AMD(AMD)$, $AAPL(AAPL)$, $META(META)$, $VIX(VIX)$, $MSFT(MSFT)$, $MSTR(MSTR)$, $INTC(INTC)$
Source: Tiger Trade App
$Netflix(NFLX)$ is poised to report its fourth quarter 2025 financial results and business outlook post-market on Tuesday, Jan 20, 2026. Netflix's Q4 revenue is expected to be $11.96 billion, rising 16.7% compared to the last year. Net income grew to $2.369 billion, or $0.55 per share, up 28% from a year ago, according to Bloomberg's consensus expectation.
Furthermore, US President Donald Trump disclosed that he invested in municipal and corporate bonds through December, including debt issued by companies potentially influenced by policies under his administration. According to a new financial disclosure released by the White House on Thursday, Trump’s investments included bonds from companies including Netflix.
A total number of 1.15 million options related to $Netflix(NFLX)$ were traded on Thursday, 3.6 times higher than the 90-day average trading volume. Call open interest expiring next Friday totals at 124,542, while puts stand at 89,077 — indicating bullish tilt among options traders.
Source: Option Charts
Open interests for $100 calls expiring next week are particularly high, with 16,849 unclosed contracts as of Jan 15.
Source: Option Charts
Unusual Options Activity
Source: Market Chameleon
Stocks across the chipmaking supply chain got a boost Thursday. A blowout investment forecast from $Taiwan Semiconductor Manufacturing(TSM)$ lifted the sector.
Taiwan Semiconductor, or TSMC, said its capital expenditure forecast for this year will be in the range of $52 billion to $56 billion, well ahead of market expectations and its $40.9 billion capex for 2025.
That might be just the start. TSMC executives told analysts on an earnings call that the company’s capex has amounted to $101 billion in the past three years but it expects the amount to be “significantly higher” in the next three years.
A total number of 1.56 million options related to $TSMC(TSM)$ were traded on Thursday, of which 71% were call options. Market sentiment for TSMC is quite bullish on Thursday. Based on option delta volume, traders bought a net equivalent of 1,469,066 shares of TSMC stock. The largest bullish delta came from buying calls.
Source: Market Chameleon
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.
Top 10 bullish stocks: $NOW(NOW)$, $PG(PG)$, $NFLX(NFLX)$, $PYPL(PYPL)$, $PLTR(PLTR)$, $INTU(INTU)$, $TMUS(TMUS)$, $BAC(BAC)$, $DDOG(DDOG)$, $APP(APP)$
Top 10 bearish stocks: $AAPL(AAPL)$, $META(META)$, $ORCL(ORCL)$, $COIN(COIN)$, $ADBE(ADBE)$, $MSFT(MSFT)$, $NKE(NKE)$, $V(V)$, $TGT(TGT)$; $UPS(UPS)$
Source: Market Chameleon
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