Option Movers | Micron's $27 Million Double-Call Combo Targets $1030/$1070 Strikes; Apple's $4 Million Synthetic Call Signals Long-Term Bullish Conviction
US stocks tumbled on Thursday (Oct 22) and the Nasdaq posted its steepest daily drop since early June as a batch of high-profile earnings reports ignited fresh fears about the AI spending race. The S&P 500 ended deep in negative territory. But the tech-laden Nasdaq, dragged down by microchips, suffered a steeper loss, falling 2.6% in the wake of a spate of high-profile AI-related earnings results. Top 10 Option Volumes Top 10: $NVIDIA(NVDA)$, $Tesla Motors(TSLA)$, $SpaceX(SPCX)$, $Apple(AAPL)$, $Meta Platforms(META)$, $Micron Technolog
Option Movers | AMD Sees $6.7 Million Long Put Spread as Institutions Lean Bearish; Alphabet's $1.38 Million Long Call at $400 Signals Bullish Conviction
Market Overview The Dow rose 1% on Tuesday, outperforming the benchmark S&P 500 while the healthcare sector provided Wall Street's biggest boost and technology was its biggest drag. Healthcare led gains among the S&P 500's 11 major sector indexes, hitting a record high. Eli Lilly was the S&P 500's biggest index point contributor while UnitedHealth, Merck & Co, Johnson & Johnson and Amgen helped boost the blue-chip Dow industrials. Top 10 Option Volumes Top 10: $NVIDIA(NVDA)$, $SpaceX(SPCX)$, $Netflix(NFLX)$, $CoreWeave(CRWV)$, $Apple(AAPL)$,
Option Movers | Tesla's $8.65 Million LEAPS Call Buy at $370 Signals Bullish Conviction; Palantir Sees $6.36 Million Put Sale at $185 Strike
Market Overview The tech-heavy Nasdaq Composite led Wall Street with a 1% advance on Monday as investors returned to the chip sector and other AI-related stocks following last week's bruising selloff, while investors waited for key corporate earnings reports. Regarding the options market, a total volume of 62,916,310 contracts was traded, of which 55% were call options. Top 10 Option Volumes Top 10: $NVIDIA(NVDA)$, $Tesla Motors(TSLA)$, $Amazon.com(AMZN)$, $Apple(AAPL)$, $Micron Technology(MU)$, $SpaceX(SPCX)$,
Option Movers | NVIDIA's $2.9 Million Short Strangle Sells 210 Puts and 240 Calls; CoreWeave's $3 Million Put Buy Signals Institutional Bearishness
Market Overview Wall Street tumbled on Friday (Oct 16), with CoreWeave, Broadcom and other AI-related technology stocks under renewed pressure, while a jump in oil prices spooked traders heading into the weekend. The Nasdaq fell over 4% for the week, hammered by concerns that debt-laden AI infrastructure companies may not turn profits in time to repay debts, particularly with borrowing costs expected to rise. Regarding the options market, a total volume of 62,950,524 contracts was traded, of which 53% were call options. Top 10 Option Volumes Top 10: $NVIDIA(NVDA)$, $Apple(AAPL)$, $Micron Technology(MU)$, $SpaceX(SPCX)$, <
Option Movers | Intel's $24.25M Options Show Mixed Signals; SoFi's $4.10M Put Trades Pair Premium Collection With Downside Protection
Market Overview The S&P 500 ended higher on Thursday (Oct 15) springing back from early losses as investors concerned about AI stocks shifted into Eli Lilly, UnitedHealth and other healthcare and consumer stocks. Several technology stocks fell, as investors scrutinized AI-related companies whose debt loads leave them vulnerable to rising interest rates. Regarding the options market, a total volume of 77,634,807 contracts was traded, of which 55% were call options. Top 10 Option Volumes Top 10: $NVDA(NVDA)$, $SPCX(SPCX)$, $INTC(INTC)$, $TSLA(TSLA)$, $MU(MU)$,
Option Movers | NVIDIA Options Show Bearish Tilt as Synthetic Put Counters Bull Call Spread; NEBIUS Drops 10%; $19.5M Bullish Spread, $2.18M Synthetic Put
Market Overview Oct 14 Hotter-than-expected inflation data sent the Nasdaq to a sharply lower close on Wednesday, with worries about more interest rate hikes from the Federal Reserve pummeling shares of Oracle, CoreWeave and other AI stocks sensitive to higher borrowing costs. Regarding the options market, a total volume of 73,335,053 contracts was traded, of which 54% were call options. Top 10 Option Volumes Top 10: $NVDA(NVDA)$, $TSLA(TSLA)$, $AAPL(AAPL)$, $MU(MU)$, $SPCX(SPCX)$, $INTC(INTC)$, $M