Option Movers | Trump Media's Volume Surges 568%; Marathon Digital Call Option Skyrockets 840%
Market Overview
Wall Street closed higher on Monday (Jul 15), building on Friday's rally as increasing expectations of a second Donald Trump presidency in the wake of a failed assassination attempt raised hopes of a looser regulatory environment.
Regarding the options market, a total volume of 46,168,224 contracts was traded, down 12.9% from the previous trading day.
Top 10 Option Volumes
Top 10: $Nvidia(NVDA)$, $Tesla(TSLA)$, $Apple(AAPL)$, $Amazon(AMZN)$, $Marathon Digital(MARA)$, $Palantir(PLTR)$, $AMD(AMD)$, $SoFi Technologies(SOFI)$, $Sirius XM(SIRI)$, $Trump Media(DJT)$
Source: Tiger Trade App
$Trump Media & Technology(DJT)$ shares jumped 31% following the attempted assassination of Donald Trump.
There are 358.16K DJT option contracts traded on Monday, up 568% from the previous trading day. Call options account for 64% of overall option trades. Particularly high volume was seen for the $50 strike call option expiring July 19, with 35,480 contracts trading. $DJT 20240719 50.0 CALL$
$Marathon Digital Holdings Inc(MARA)$'s stock saw an 18.34% on Monday, The rise in the stock's price was attributed to the surge in Bitcoin prices past the key $63,000 level.
There are 649.54K Marathon Digital option contracts traded. Call options account for 75% of overall option trades. Particularly high volume was seen for the $25 strike call option expiring July 19, with 34,441 contracts trading. The $25 strike call option expiring this Friday surged 840% on Monday. $MARA 20240719 25.0 CALL$
Source: Tiger Trade App
$Tesla(TSLA)$'s stock rose by 1.78% on Monday. Tesla CEO Elon Musk has reportedly committed to contributing $45 million per month to a new super PAC backing former President Trump's potential 2024 presidential campaign.
There are 2.12M Tesla option contracts traded. Call options account for 64% of overall option trades. Particularly high volume was seen for the $270 strike call option expiring July 19, with 135,731 contracts trading. $TSLA 20240719 270.0 CALL$
Unusual Options Activity
Source: Market Chameleon
$Ford(F)$ shares up 1.4% on Monday.
There are 238,200 Ford option contracts traded on Monday. Call options account for 65% of overall option trades. Particularly high volume was seen for the $14 strike put option expiring July 19, with 19,004 contracts trading. $F 20240719 14.0 PUT$
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 -2,773,495 shares of Apple stock. The largest bearish delta came from selling calls. The largest delta volume came from the 19-Jul-24 235 Call, with traders getting short 2,503,200 deltas on the single option contract. $AAPL 20240719 235.0 CALL$
Top 10 bullish stocks: $Nvidia(NVDA)$, $Marathon Digital(MARA)$, $Tesla(TSLA)$, $Chargepoint(CHPT)$, $Faraday Future(FFIE)$, $GameStop(GME)$, $Avantor(AVTR)$, $Ford(F)$, $Coinbase(COIN)$, $Bank Of America(BAC)$
Source: Market Chameleon
Top 10 bearish stocks: $Amazon(AMZN)$, $Apple(AAPL)$, $Sirius XM(SIRI)$, $Nike(NKE)$, $SoFi Technologies(SOFI)$, $General Motors(GM)$, $TSMC(TSM)$, $AMD(AMD)$, $Inspired Entertainment(INSE)$, $Archer Aviation(ACHR)$
Source: Market Chameleon
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$(DJT)$ $(MARA)$ $(TSLA)$ $(F)$ $(AAPL)$ $(NVDA)$ $(AMZN)$ $(PLTR)$ $(AMD)$ $(SOFI)$ $(SIRI)$Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
