Option Movers | Nio Call Option Soars 300%; Apple's $210 Put Shows High Trading Volume
Market Overview
Wall Street's three major indexes gained more than 1% on Monday as investors looked for bargains after the previous week's sell-off while they also waited for inflation reports in coming days and the Federal Reserve's next policy decision next week.
Regarding the options market, a total volume of 34,693,918 contracts was traded.
Top 10 Option Volumes
Top 10: $Nvidia(NVDA)$, $Tesla(TSLA)$, $Apple(AAPL)$, $Palantir(PLTR)$, $Nio(NIO)$, $Amazon(AMZN)$, $AMD(AMD)$, $Broadcom(AVGO)$, $Warner Bros. Discovery(WBD)$, $Oracle(ORCL)$
Shares of the $Apple(AAPL)$ closed up 0.04% on Monday.
Apple on Monday unveiled its long-awaited, artificial intelligence-boosted iPhone 16 and promised improvements in its Siri personal assistant as it rolled out new software, beginning in test mode next month.
There are 1.20M Apple option contracts traded on Monday. Call options account for 52% of overall option trades. Particularly high volume was seen for the $210 strike put option expiring September 13, with 74,158 contracts trading. $AAPL 20240913 210.0 PUT$
$Nio(NIO)$ closed up 11% on Monday.
There are 408.38K Nio option contracts traded on Monday. Call options account for 71% of overall option trades. Particularly high volume was seen for the $5.5 strike call option expiring September 13, with 41,597 contracts trading. The $5.5 strike call option expiring this Friday surged 300% on Monday. $NIO 20240913 5.5 CALL$
Unusual Options Activity
$Oracle(ORCL)$ beat estimates for quarterly results and forecast second-quarter revenue growth above estimates on Monday, boosted by growing demand for its cloud offerings, sending its shares up over 9% in trading after the bell.
There are 268.78K Oracle option contracts traded on Monday. Put options account for 55% of overall option trades. Particularly high volume was seen for the $115 strike put option expiring November 15, with 10,428 contracts trading. $ORCL 20241115 115.0 PUT$
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 bought a net equivalent of 1,170,544 shares of $Palantir Technologies Inc.(PLTR)$ stock. The largest bullish delta came from buying calls. The largest delta volume came from the 20-Sep-24 Call, with traders getting long 301,132 deltas on the single option contract.
Top 10 bullish stocks: $Nio(NIO)$, $Nvidia(NVDA)$, $Palantir(PLTR)$, $Peloton(PTON)$, $Summit Therapeutics(SMMT)$, $Wolfspeed(WOLF)$, $AST SpaceMobile(ASTS)$, $Iris Energy(IREN)$, $GameStop(GME)$, $AT&T(T)$
Top 10 bearish stocks: $Dave & Buster's(PLAY)$, $Azul(AZUL)$, $Tesla(TSLA)$, $Sirius XM(SIRI)$, $Herbalife(HLF)$, $Sibanye(SBSW)$, $Pfizer(PFE)$, $Procter & Gamble(PG)$, $New York Community Bancorp(NYCB)$, $Intel(INTC)$
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$(NVDA)$ $(TSLA)$ $(AAPL)$ $(PLTR)$ $(NIO)$ $(AMZN)$ $(AMD)$ $(AVGO)$ $(WBD)$ $(ORCL)$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.
