Option Movers | Alibaba and Intel See 82% Call Options; Traders Bet Tesla Will Return to $350 This Week
Market Overview
Wall Street's main indexes ended mixed on Tuesday (Feb. 11) as gains in Coca-Cola and Apple offset losses in Tesla, while investors parsed Federal Reserve Chair Jerome Powell's latest comments.
Regarding the options market, a total volume of 41,453,670 contracts was traded, dwon 3% from the previous trading day.
Top 10 Option Volumes
Top 10: $TSLA(TSLA)$, $NVDA(NVDA)$, $AAPL(AAPL)$, $INTC(INTC)$, $SMCI(SMCI)$, $PLTR(PLTR)$, $BABA(BABA)$, $VIX(VIX)$, $AMD(AMD)$, $META(META)$
Source: Tiger Trade App
$Tesla(TSLA)$’s painful selloff continued Tuesday, bringing alosing streakfor the stock into its fifth consecutive trading day. The shares have lost more than 16% during that span. Investors appear to be starting to fret about the dreaded D word again as CEO Elon Musk looks to wrest control of OpenAI from Sam Altman.
There are 3.14 million Tesla option contracts traded on Tuesday, up 70% from the previous trading day. Call options account for 56% of overall option trades. Particularly high volume was seen for the $350 strike call option expiring February 14, with 91,365 contracts trading. TSLA 20250214 350.0 CALL
$Apple(AAPL)$ shares climbed 2.2% on Tuesday after The Information reported Apple was partnering with Alibaba to develop and roll out artificial intelligence features for iPhone users in China.
There are 1.05 million Apple option contracts traded on Tuesday, up 88% from the previous trading day. Call options account for 65% of overall option trades. Particularly high volume was seen for the $235 strike call option expiring February 14, with 113,969 contracts trading. AAPL 20250214 235.0 CALL
Unusual Options Activity
Source: Market Chameleon
$Intel(INTC)$ shares jumped 6.1% on Tuesday following the release of preliminary benchmarks for its new Arrow Lake-based Core Ultra 9 275HX processor, which showed promising performance against competitors.
There are 1.03 million Intel option contracts traded on Tuesday, up 174% from the previous trading day. Call options account for 82% of overall option trades. Particularly high volume was seen for the $25 strike call option expiring March 21, with 49,710 contracts trading. INTC 20250321 25.0 CALL
US-listed shares of $Alibaba(BABA)$ gained 1.3% on Tuesday on Apple AI partnership news. And the shares jumped another 3% in overnight trading.
There are 682.18K Alibaba option contracts traded on Tuesday, up 16% from the previous trading day. Call options account for 82% of overall option trades. Particularly high volume was seen for the $115 strike call option expiring February 14, with 71,599 contracts trading. BABA 20250214 115.0 CALL
TOP 10 S&P 500 Bullish & Bearish
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: $XOM(XOM)$, $INTC(INTC)$, $AAPL(AAPL)$, $AMD(AMD)$, $PLTR(PLTR)$, $HAL(HAL)$, $TGT(TGT)$, $PFE(PFE)$, $KHC(KHC)$, $CAG(CAG)$
Top 10 bearish stocks: $TSLA(TSLA)$, $CNC(CNC)$, $F(F)$, $MRK(MRK)$, $UBER(UBER)$, $CMCSA(CMCSA)$, $SMCI(SMCI)$, $AES(AES)$, $MRNA(MRNA)$; $GOOG(GOOG)$
Source: Market Chameleon
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