To The Moon

U.S. stocks ended little changed on Tuesday (Oct. 22), but the Nasdaq eked out a modest gain while investors kept an eye on Treasuries yields and awaited more earnings to assess the health of American companies. Regarding the options market, a total volume of 35,672,157 contracts was traded on Tuesday. Top 10 Option Volumes Top 10: $Nvidia(NVDA)$; $Tesla(TSLA)$; $Microsoft(MSFT)$; $Apple(AAPL)$; $Amazon(AMZN)$; $AMD(AMD)$; $Super Micro Computer(SMCI)$; $General Motors(GM)$; $Trump Media(DJT)$; $PDD Holdings(PDD)$ $Trump Media & Technology(DJT)$ hit its highest level since July on Tuesday, rising as much as 10% as investors bet on former President Donald Trump's improved odds of winning the November election in exactly two weeks. Shares in the company, the home of the Republican nominee's social media platform Truth Social, have seen a recent surge as both domestic and overseas betting markets shift in favor of a Trump victory, with prediction sites like Polymarket, PredictIt, and Kalshi all showing Trump's presidential chances ahead of those of Democratic nominee and current Vice President Kamala Harris. A total number of 247.99K options related to Trump Media was traded. A particularly high trading volume was seen for the $35 strike call options expiring this Friday, with 14,229 options contracts trading on Tuesday. $PDD Holdings Inc(PDD)$'s stock rose 3% on Tuesday. BlackRock radically revised down its holdings in the Chinese e-commerce company, Pinduoduo, as of 3Q24, from 132 million shares disclosed on Monday (21st) to 33.01 million shares revised on Tuesday (22nd), and the percentage of shares in Pinduoduo was revised from 9.5% to 2.4%, according to a US Securities and Exchange Commission (SEC) filing. A total number of 220.19K options related to PDD Holdings was traded, of which 74% were call options on Tuesday. A particularly high trading volume was seen for the $140 strike call options expiring Nov. 1, with 19,677 options contracts trading. Unusual Options Activity $Microsoft(MSFT)$'s shares jumped 2% on Tuesday. A total number of 506.25K options related to Microsoft was traded, of which 70% were call options. A particularly high trading volume was seen for the $430 strike call options expiring Oct. 25, with 56,341 options contracts trading on Tuesday. The $430 strike call option expiring this Friday surged 627% on Tuesday. 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 2,839,016 shares of $NVIDIA Corp(NVDA)$ stock. The largest bullish delta came from buying calls. The largest delta volume came from the 25-Oct-24 Call, with traders getting long 1,411,588 deltas on the single option contract. Top 10 bullish stocks: $Nvidia(NVDA)$; $Microsoft(MSFT)$; $Core Scientific(CORZ)$; $General Motors(GM)$; $Lucid(LCID)$; $Robinhood(HOOD)$; $ADT Inc(ADT)$; $Canopy Growth(CGC)$; $Amazon(AMZN)$; $Energy Transfer(ET)$ Top 10 bearish stocks: $Archer Aviation(ACHR)$; $AMD(AMD)$; $Tiger(TIGR)$; $Verizon(VZ)$; $GE Aerospace(GE)$; $Lyft(LYFT)$; $Alphabet(GOOG)$; $Super Micro Computer(SMCI)$; $SoundHound AI(SOUN)$; $Pfizer(PFE)$ $(NVDA)$ $(TSLA)$ $(MSFT)$ $(AAPL)$ $(AMZN)$ $(AMD)$ $(SMCI)$ $(GM)$ $(DJT)$ $(PDD)$