Wall Street's main indexes closed slightly higher on Monday (May 11), with AI optimism fueling upward momentum even as the earnings-driven fervor of the recent rally eased in the home stretch of reporting season and as crude prices rose, stoking inflation worries as U.S.-Iran peace negotiations stalled.
Regarding the options market, a total volume of 67,018,709 contracts was traded on Monday.
Top 10 Option Volumes
Top 10: $Tesla Motors(TSLA)$, $NVIDIA(NVDA)$, $Micron Technology(MU)$, $Intel(INTC)$, $Apple(AAPL)$, $Nokia Oyj(NOK)$, $Cboe Volatility Index(VIX)$, $Meta Platforms, Inc.(META)$, $Amazon.com(AMZN)$, $Microsoft(MSFT)$
Tesla stock feels as if it is on the cusp of one of its hard-to-explainruns higher. Investors appear to be expecting more autonomous driving news.
The shares traded as low as $416.80, but rallied to $445.06, up 3.9%.
A total number of 5.46 million options related to $Tesla Motors(TSLA)$ were traded on Monday, of which call options accounted for 65%. Particularly high volume was seen for the $450 strike call option expiring May 11, with 239,235 contracts trading. For example, the $380 strike put option expiring this Friday soared 144%.
$Micron Technology(MU)$ stock rose nicely Monday. The memory-chip company could gain from disruption at its South Korean rival Samsung Electronics if talks to avoid a strike fail.
Shares closed up 6.5% to $795.33.
A total number of 1.08 million options related to $Micron Technology(MU)$ were traded on Monday, of which call options accounted for 60%. Particularly high volume was seen for the $1000 strike call option expiring May 15, with 46,081 contracts trading. For example, the $1000 strike call option expiring May 15 soared 147%. $MU 20260515 1000.0 CALL$
Unusual Options Activity
$Nokia Oyj(NOK)$ stocks have been trading up by 9% amid strong 5G contract wins and optimistic earnings outlook.
A total number of 884,944 options related to $Nokia Oyj(NOK)$ were traded on Monday, of which call options accounted for 91%. Particularly high volume was seen for the $15 strike call option expiring June 18, with 74,970 contracts trading. $NOK 20260618 15.0 CALL$
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.
Top 10 bullish stocks: $Intel(INTC)$, $Nokia Oyj(NOK)$, $Bitdeer Technologies Group(BTDR)$, $Advanced Micro Devices(AMD)$, $Amazon.com(AMZN)$, $CoreWeave, Inc.(CRWV)$, $Starbucks(SBUX)$, $Bloom Energy Corp(BE)$, $Occidental(OXY)$, $CVS Health(CVS)$
Top 10 bearish stocks: $NVIDIA(NVDA)$, $Devon(DVN)$, $Robinhood(HOOD)$, $AGNC Investment Corp(AGNC)$, $SoFi Technologies Inc.(SOFI)$, $Cabaletta Bio(CABA)$, $Ondas Holdings Inc.(ONDS)$, $Tesla Motors(TSLA)$, $GameStop(GME)$, $Webull Corp(BULL)$
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$(TSLA)$ $(MU)$ $(NOK)$ $(TSLL)$ $(TSLG)$ $(TSDD)$ $(TSLQ)$ $(TSLT)$ $(TSLR)$ $(TSLZ)$ $(TSLS)$ $(TSLY)$ $(TSL)$ $(TSLW)$ $(TSYY)$ $(TSLI)$ $(TSII)$ $(TSLP)$ $(CRSH)$ $(TESL)$ $(TEST)$ $(TLA)$ $(TSLO)$ $(MUU)$ $(MULL)$ $(MUD)$ $(LNOK)$
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