Wall Street's main indexes were mixed on Wednesday(Nov 12), with the Dow notching a record-high close and the Nasdaq losing ground as investors rotated out of pricey technology stocks while focusing on a likely end to a historic U.S. government shutdown.
Regarding the options market, a total volume of 53,349,990 contracts was traded on Wednesday.
Top 10 Option Volumes
Source: Tiger Trade App
Advanced Micro Devices climbed 9% after its Financial Analyst Day on Tuesday. After the market closed, Chief Financial Officer Jean Hu said AMD expects to increase its operating margin to more than 35% over the next three to five years, from 24% this year, resulting in a "clear path" to annual earnings of more than $20 a share. Wall Street had been forecasting 2028 earnings of $10.18 a share.
A total number of 1.54M options related to Advanced Micro Devices were traded on Wednesday, up 137% from the previous trading day, of which call options accounted for 60%. Particularly high volume was seen for the $260 strike call option expiring Nov. 14, with 112,044 contracts trading. $AMD 20251114 260.0 CALL$
Unusual Options Activity
Source: Market Chameleon
Circle tumbled 12%. The stablecoin issuer scored an earnings beat but updated its full-year outlook to reflect higher expenses. Circle now expects $495 million to $510 million in operating expenses in 2025, up from $475 million to $490 million.
A total number of 373,613 options related to Circle were traded on Wednesday, up 120% from the previous trading day, of which call options accounted for 55%. Particularly high volume was seen for the $90 strike put option expiring Nov. 14, with 23,154 contracts trading. $CRCL 20251114 90.0 PUT$
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 sold a net equivalent of -982,769 shares of NVIDIA stock. The largest bearish delta came from selling calls. The largest delta volume came from the 12-Dec-25 205 Call, with traders getting short 614,902 deltas on the single option contract.
Source: Market Chameleon
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