Option Movers | Traders Bet on ASML Falling to $700 This Week and DJT Rising to $35 Next Month
Market Overview
Wall Street's major stock indexes closed lower on Tuesday (Oct. 15), with a 1% drop in the technology-heavy Nasdaq leading losses as chip stocks tumbled on demand concerns while the energy sector fell 3% as oil prices dropped.
Regarding the options market, a total volume of 47,361,586 contracts was traded, up 25% from the previous trading day.
Top 10 Option Volumes
Top 10: $NVDA(NVDA)$, $AAPL(AAPL)$, $TSLA(TSLA)$, $AMD(AMD)$, $SOFI(SOFI)$, $DJT(DJT)$, $BABA(BABA)$, $PLTR(PLTR)$, $SMCI(SMCI)$, $AMZN(AMZN)$
Source: Tiger Trade App
Computer chip equipment maker $ASML(ASML)$ forecast on Tuesday lower than expected 2025 sales and bookings on sustained weakness in parts of the semiconductor market, pushing its shares down 16.3%.
There are 105K ASML option contracts traded on Tuesday, up 448% from the previous trading day. Call options account for 53% of overall option trades. Particularly high volume was seen for the $700 strike put option expiring October 18, with 3,744 contracts trading. ASML 20241018 700.0 PUT
$Nvidia(NVDA)$ and $AMD(AMD)$ shares tumbled on Tuesday on news of possible US chip export cap, ASML's dismal earnings. Nvidia dropped 4.5%, while AMD fell 5.2%.
There are 5.31 million Nvidia option contracts traded on Tuesday, up 53% from the previous trading day. Call options account for 67% of overall option trades. Particularly high volume was seen for the $140 strike call option expiring October 18, with 212,163 contracts trading. NVDA 20241018 140.0 CALL
There are 790.3K AMD option contracts traded on Tuesday, up 92% from the previous trading day. Call options account for 63% of overall option trades. Particularly high volume was seen for the $160 strike call option expiring October 18, with 52,692 contracts trading. AMD 20241018 160.0 CALL
Unusual Options Activity
Source: Market Chameleon
$Trump Media & Technology(DJT)$ (DJT) shares closed down nearly 10% Tuesday, after a wild trading session that was briefly halted due to volatility when the Truth Social owner’s stock suddenly plunged in price.
There are 446.7K DJT option contracts traded on Tuesday, up 55% from the previous trading day. Call options account for 65% of overall option trades. Particularly high volume was seen for the $35 strike call option expiring November 15, with 31,149 contracts trading. DJT 20241115 35.0 CALL Note: The 2024 US presidential election will take place on November 5.
Alibaba, Nio, JD.com and other US-listed China Stocks tumbled on Tuesday as investors awaited clarity on fiscal stimulus plan. $KraneShares CSI China Internet ETF(KWEB)$ (KWEB) sank 6.4%, while $Alibaba(BABA)$ dropped 5.5%.
There are 378.5K Alibaba option contracts traded on Tuesday, up 50% from the previous trading day. Call options account for 62% of overall option trades. Particularly high volume was seen for the $100 strike put option expiring October 18, with 27,543 contracts trading. BABA 20241018 100.0 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.
Top 10 bullish stocks: $NVDA(NVDA)$, $PDD(PDD)$, $MPW(MPW)$, $GME(GME)$, $WBA(WBA)$, $WOLF(WOLF)$, $CLOV(CLOV)$, $LUNR(LUNR)$, $RUM(RUM)$, $VALE(VALE)$
Source: Market Chameleon
Top 10 bearish stocks: $SOFI(SOFI)$, $AMD(AMD)$, $HOOD(HOOD)$, $AAL(AAL)$, $PLTR(PLTR)$, $SOUN(SOUN)$, $AMZN(AMZN)$, $CNX(CNX)$, $TSLA(TSLA)$; $UAL(UAL)$
Source: Market Chameleon
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$(ASML)$ $(NVDA)$ $(AMD)$ $(DJT)$ $(BABA)$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.
