Market Overview
U.S. stocks closed near the unchanged mark on Thursday (Apr. 18), as investors sifted through the latest corporate earnings, while economic data and comments from Federal Reserve officials suggested the central bank was unlikely to cut interest rates in the near future.
Regarding the options market, a total volume of 40,840,742 contracts was traded, down 11% from the previous trading day.
Top 10 Option Volumes
Top 10: TSLA, NVDA, AAPL, AMD, TSM, AMZN, META, MSFT, MU, DJT
Source: Tiger Trade App
TSMC shares dropped nearly 5% on Thursday as investors’ worries about the chip maker’s cautious outlook for the industry eclipsed its upbeat first-quarter financial results.
There are 491.8K TSMC option contracts traded on Thursday, up 58% from the previous trading day. Call options account for 68% of overall option trades. Particularly high volume was seen for the $135 strike call option expiring April 19, with 25,104 contracts trading.
Source: Market Chameleon
Unusual Options Activity
Source: Market Chameleon
Micron Technology, the largest US maker of computer-memory chips, is poised to get $6.1 billion in grants from the Commerce Department to help pay for domestic factory projects, according to a report by Bloomberg. The award is slated to be revealed next week, according to people familiar with the matter. TSMC’s drop dragged Micron down 3.8% on Thursday.
There are 324K Micron option contracts traded on Thursday, up 39% from the previous trading day. Call options account for 65% of overall option trades. Particularly high volume was seen for the $120 strike call option expiring April 19, with 18,575 contracts trading.
Source: Market Chameleon
Netflix on Thursday unexpectedly announced that it will stop reporting subscriber numbers each quarter, a decision seen as a sign that years of customer gains in the streaming wars are coming to an end.
Shares of the streaming video pioneer fell nearly 5% in extended trading after it reported a large batch of new customers in the first quarter but gave a revenue forecast that missed analyst targets.
Source: Tiger Trade
The traders have made a bet ahead of Netflix earnings. There are 262.8K Netflix option contracts traded on Thursday, up 307% from the previous trading day. Call options account for 54% of overall option trades. Particularly high volume was seen for the $700 strike call option expiring April 19, with 10,041 contracts trading.
Source: Market Chameleon
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.
Grab was the recipient of unusually large options trading activity on Thursday. There are 53.76K Grab option contracts traded, up 866% from the previous trading day. Call options account for 99% of overall option trades. Particularly high volume was seen for the $3.5 strike call option expiring July 19, with 30,919 contracts trading.
Source: Market Chameleon
Top 10 bullish stocks: GRAB, CAT, LW, NVDA, CAN, VALE, LVS, T, AMC, PLTR
Source: Market Chameleon
Top 10 bearish stocks: TSLA, MPW, DJT, AAPL, FCX, RIVN, MRVL, JPM, CL; AMD
Source: Market Chameleon
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