To The Moon

Market Overview The S&P 500 and the Nasdaq closed lower on Friday (Oct. 13) as deteriorating consumer sentiment data and the Middle East conflict soured investors on riskier bets and overshadowed upbeat quarterly earnings from some of the largest U.S. banks. Regarding the options market, a total volume of 43,930,732 contracts was traded, up 8% from the previous trading day. Top 10 Option Volumes Top 10: $SPY(SPY)$, $QQQ(QQQ)$, $TSLA(TSLA)$, $VIX(VIX)$, $IWM(IWM)$, $NVDA(NVDA)$, $AAPL(AAPL)$, $AMZN(AMZN)$, $META(META)$, $AMD(AMD)$ Source: Tiger Trade App Options related to equity index ETFs are still popular with investors, with 10.27 million $SPDR S&P500 ETF Trust(SPY)$ (SPY) and 4.79 million $Invest QQQ Trust ETF(QQQ)$ (QQQ) options contracts trading on Friday. $Cboe Volatility Index(VIX)$ (VIX) jumped 15.8% on Friday as as the deteriorating consumer sentiment data and the Middle East conflict spurred the risk-aversion activities. There are 2.18 million VIX option contracts traded on Friday, up 92% from the previous trading day. Call options account for 63% of overall option trades. Most Active Equity Options Special %Calls >70%: $Exxon Mobil(XOM)$ Data From CBOE Trader Alert, as of 13 October 2023 EDT Unusual Options Activity Source: Market Chameleon $Nasdaq100 Bear 3X ETF(SQQQ)$ (SQQQ) gained 3.8% as the Nasdaq closed lower on Friday. There are 531.2K SQQQ option contracts traded on Friday, up 41% from the previous trading day. Call options account for 86% of overall option trades. Particularly high volume was seen for the $19 strike call option expiring October 13, with 98,715 contracts trading. Source: Market Chameleon Gold prices jumped more than 3% on Friday and had its biggest weekly percentage gain since March. as the intensifying conflict in the Middle East sent investors scurrying for safe-haven assets. $SPDR Gold Shares(GLD)$ (GLD) rallied 3.2%. There are 488.1K GLD option contracts traded on Friday, up 280% from the previous trading day. Call options account for 68% of overall option trades. Particularly high volume was seen for the $180 strike call option expiring October 20, with 19,620 contracts trading. GLD 20231020 180.0 CALL Source: Market Chameleon $JPMorgan Chase(JPM)$ beat expectations for third-quarter profit on Friday as rising borrowing costs and its acquisition of failed First Republic Bank drove income from interest payments to a record high. The shares rose 1.5%. There are 417.4.8K JPMorgan Chase option contracts traded on Friday, up 218% from the previous trading day. Call options account for 63% of overall option trades. Particularly high volume was seen for the $150 strike call option expiring October 20, with 30,109 contracts trading. JPM 20231020 150.0 CALL Source: Market Chameleon TOP 10 Bullish & Bearish S&P 500 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 -2,734,600 Tesla shares of stock. The largest bearish delta came from selling calls. The largest delta volume came from the 13-Oct-23 252.5 Call, with traders getting short 3,177,459 deltas on the single option contract. Top 10 bullish stocks: $WFC(WFC)$, $AAPL(AAPL)$, $C(C)$, $AAL(AAL)$, $GLW(GLW)$, $OGN(OGN)$, $MRO(MRO)$, $LW(LW)$, $FTNT(FTNT)$, $NKE(NKE)$ Top 10 bearish stocks: $TSLA(TSLA)$, $NVDA(NVDA)$, $XOM(XOM)$, $MSFT(MSFT)$, $BAC(BAC)$, $META(META)$, $AMZN(AMZN)$, $PFE(PFE)$, $DAL(DAL)$; $BA(BA)$ Source: Market Chameleon If you are interested in options and you want to: Share experiences and ideas on options trading. Read options-related market updates/insights. Learn more about options trading if you are a beginner in this field. Please click to join Tiger Options Club $(VIX)$ $(SQQQ)$ $(GLD)$ $(JPM)$