To The Moon

U.S. stocks closed out the trading week near the unchanged mark in a subdued session on Friday (Dec 13), with the S&P 500 and Dow posting weekly declines, while the Nasdaq secured its fourth consecutive week of gains.

Regarding the options market, a total volume of 53,616,489 contracts was traded on Friday.

Top 10 Option Volumes

Top 10: $NVDA(NVDA)$; $TSLA(TSLA)$; $AVGO(AVGO)$; $AMD(AMD)$; $PLTR(PLTR)$; $AAPL(AAPL)$; $VIX(VIX)$; $MSTR(MSTR)$; $SMCI(SMCI)$; $AMZN(AMZN)$

Source: Tiger Trade App

$Broadcom(AVGO)$ surged 24% on Friday after the semiconductor company reported fiscal fourth-quarter adjusted earnings that beat analysts' estimates on revenue of $14.05 billion, up 51% from a year earlier.

The company said artificial-intelligence revenue for the fiscal year soared 220%. CEO Hock Tan told analysts on a conference call that the AI market opportunity for accelerators and networking in fiscal 2027 will range from $60 billion to $90 billion. Broadcom's market cap surpassed $1 trillion for the first time.

A total number of 1.84 million options related to $Broadcom(AVGO)$ was traded, 9.2 times higher than the 90-day average trading volume. Based on option delta volume, traders bought a net equivalent of 2,997,736 shares of Broadcom stock. The largest bullish delta came from buying calls.

Source: Market Chameleon

$Palantir Technologies(PLTR)$ rose 3.9% and $MicroStrategy(MSTR)$ gained 4.2%. Palantir, MicroStrategy, and $Axon Enterprise(AXON)$ will join the Nasdaq 100 index as part of its annual reconstitution, replacing $Moderna, Inc.(MRNA)$, $Super Micro(SMCI)$, and $Illumina(ILMN)$.

A total number of 960.71K options related to $Palantir(PLTR)$ was traded, of which 70% were call options. A particularly high volume was seen for the $70 strike call option expiring this Friday, with 36,863 contracts trading as of Friday.

As for $MicroStrategy(MSTR)$ stock, a total number of 795.67K options was traded, of which 66% were call options. A particularly high volume was seen for the $430 strike call option expiring this Friday, with 31,892 contracts trading as of Friday.

Unusual Options Activity

Source: Market Chameleon

$Tesla(TSLA)$ shares jumped 4.3% on Friday. A Delaware judge cleared the way on Friday for Elon Musk and Tesla to begin legal appeals to try to reinstate the chief executive's record-breaking $56 billion pay package from the electric carmaker.

Market sentiment for Tesla is quite bullish. Based on option delta volume, traders bought a net equivalent of 3,454,696 shares of stock.

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: $DIS(DIS)$; $TSLA(TSLA)$; $AVGO(AVGO)$; $PLTR(PLTR)$; $ANET(ANET)$; $CCL(CCL)$; $XOM(XOM)$; $MU(MU)$; $UAL(UAL)$; $JNJ(JNJ)$

Top 10 bearish stocks: $NVDA(NVDA)$; $AMZN(AMZN)$; $F(F)$; $PFE(PFE)$; $AMD(AMD)$; $GOOGL(GOOGL)$; $META(META)$; $GOOG(GOOG)$; $AAPL(AAPL)$; $T(T)$

Source: Market Chameleon

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