To The Moon

Market Overview Uncertainty over the U.S. economy's health is rippling through markets, adding fuel to an already-volatile period that has investors grappling with a shift in Fed policy, a tight U.S. election and worries over stretched valuations. U.S. stocks tumbled on Friday (Sep. 6) after closely watched jobs data showed labor market momentum slowing more than expected, suggesting a narrower path for the U.S. to achieve a soft landing, in which the Fed is able to cool inflation without badly damaging economic growth. Regarding the options market, a total volume of 50,586,693 contracts was traded. Top 10 Option Volumes Top 10: $Nvidia(NVDA)$, $Tesla(TSLA)$, $Apple(AAPL)$, $Broadcom(AVGO)$, $AMD(AMD)$, $Amazon(AMZN)$, $GameStop(GME)$, $Palantir(PLTR)$, $Meta(META)$, $Nio(NIO)$ Shares of the $Tesla(TSLA)$ closed down 8.45% on Friday. There are 3.06M Tesla option contracts traded on Friday. Call options account for 61% of overall option trades. Particularly high volume was seen for the $220 strike call option expiring September 6, with 129,412 contracts trading. $Palantir Technologies Inc.(PLTR)$ and $Dell Technologies Inc.(DELL)$ are set to join the S&P 500 index within a couple of weeks, index provider S&P Dow Jones Indices said late Friday. Shares of Palantir and Dell rallied in the extended session Friday after the news, gaining nearly 8% and 7%, respectively. The announcement is part of several changes slated to take place on Sept. 23 as part of a scheduled index rebalancing. There are 473K Palantir option contracts traded on Friday, up 165% from the previous trading day. Call options account for 67% of overall option trades. Particularly high volume was seen for the $31.5 strike call option expiring September 6, with 21,524 contracts trading. Unusual Options Activity $Nio(NIO)$ shares up 3.51% on Friday. On Friday, JPMorgan shifted its stance on NIO stock, moving the electric vehicle manufacturer's stock rating from Neutral to Overweight. Alongside the upgrade, the firm also increased its price target for NIO shares to $8.00, up from the previous $5.30. There are 421.85K Nio option contracts traded on Friday. Call options account for 77% of overall option trades. Particularly high volume was seen for the $5 strike call option expiring September 6, with 64,447 contracts trading. $Coinbase(COIN)$ shares down 7.73% on Friday. Bitcoin slipped to its lowest level since February, falling 4% in the last 24 hours to around $54,000. There are 297.74K Coinbase option contracts traded on Friday. Call options account for 73% of overall option trades. Particularly high volume was seen for the $170 strike call option expiring September 13, with 20,283 contracts trading. $COIN 20240913 170.0 CALL$ 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 bought a net equivalent of 6,792,600 shares of $Peloton Interactive, Inc.(PTON)$ stock. The largest bullish delta came from buying calls. The largest delta volume came from the 06-Sep-24 Call, with traders getting long 3,489,664 deltas on the single option contract. Top 10 bullish stocks: $Peloton(PTON)$, $Public Service Enterprise(PEG)$, $Citigroup(C)$, $GameStop(GME)$, $AMC Entertainment(AMC)$, $Palantir(PLTR)$, $U.S. Steel(X)$, $Comcast(CMCSA)$, $B. Riley(RILY)$, $Seres Therapeutics(MCRB)$ Top 10 bearish stocks: $Nvidia(NVDA)$, $Nio(NIO)$, $Sirius XM(SIRI)$, $Tesla(TSLA)$, $Amazon(AMZN)$, $Alphabet(GOOG)$, $Broadcom(AVGO)$, $Marathon Digital(MARA)$, $Alphabet(GOOGL)$, $AMD(AMD)$ 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 $(NVDA)$ $(TSLA)$ $(AAPL)$ $(AVGO)$ $(AMD)$ $(AMZN)$ $(GME)$ $(PLTR)$ $(META)$ $(NIO)$ $(COIN)$ $(PTON)$