Option Movers | Nvidia Shows High Bullish Sentiment; MARA Holdings Sees 63% Call Options
Market Overview
The S&P 500 and Dow notched record closing highs in a shortened Black Friday session (Nov. 29), lifted by technology stocks.
Regarding the options market, a total volume of 35,503,551 contracts was traded last Friday.
Top 10 Option Volumes
Top 10: $Nvidia(NVDA)$, $Tesla(TSLA)$, $Mara Holdings(MARA)$, $Apple(AAPL)$, $Super Micro Computer(SMCI)$, $Amazon.com(AMZN)$, $MicroStrategy(MSTR)$, $Palantir(PLTR)$, $ZIM Integrated Shipping(ZIM)$, $AMD(AMD)$
Shares of EV maker $Tesla(TSLA)$ closed up 3.7% on Friday.
Tesla launched FSD V13.2 on Saturday with a bevy of new features for its early access testers. While they barely missed Thanksgiving's floaty deadline, they still managed to deliver it in November, marking another big win for the Tesla AI team.
If no major issues are spotted, Tesla will begin a slow rollout to more and more vehicles over the next few weeks. Assuming all goes well with this build, it could be in most customer’s hands by Christmas.
There are 1.63 million Tesla option contracts traded on Friday. Call options account for 62% of overall option trades. Particularly high volume was seen for the $340 strike call option expiring November 29, with 145,277 contracts trading.
There are 546.63K $SUPER MICRO COMPUTER INC(SMCI)$ option contracts traded on Friday. Call options account for 55% of overall option trades. Particularly high volume was seen for the $30 strike put option expiring November 29, with 31,360 contracts trading.
Unusual Options Activity
$MARA Holdings(MARA)$ shares rose 1.86% on Friday.
Mara Holdings has been an active factor in supporting Bitcoin (BTC) in the past few days. The mining and investment company bought $615M worth of BTC according to its reserve plan. This raises the firm’s reserves to 34,794 BTC, valued at around $3.3B.
There are 687.21K MARA Holdings option contracts traded on Friday. Call options account for 63% of overall option trades. Particularly high volume was seen for the $30 strike call option expiring November 29, with 49,804 contracts trading.
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 3,139,396 shares of $NVIDIA Corp(NVDA)$ stock. The largest bearish delta came from selling calls. The largest delta volume came from the 29-Nov-24 Call, with traders getting short 3,715,318 deltas on the single option contract.
Top 10 bullish stocks: $Nvidia(NVDA)$, $Mara Holdings(MARA)$, $Riot Platforms(RIOT)$, $Iris Energy(IREN)$, $Kulr Technology(KULR)$, $Rigetti Computing(RGTI)$, $CleanSpark(CLSK)$, $Apple(AAPL)$, $Endeavor(EDR)$, $SoundHound AI(SOUN)$
Top 10 bearish stocks: $ZIM Integrated Shipping(ZIM)$, $GameStop(GME)$, $AMC Entertainment(AMC)$, $Regions(RF)$, $Super Micro Computer(SMCI)$, $Pfizer(PFE)$, $SoFi Technologies(SOFI)$, $McDonald's(MCD)$, $Bitdeer Technologies(BTDR)$; $DraftKings(DKNG)$
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
$(TSLA)$ $(SMCI)$ $(MARA)$ $(NVDA)$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.
