Option Movers | Nvidia's Volume Surges 80% as Market Value Briefly Hits $4 Trillion; Plug Power, Oracle, and AT&T See About 90% Call Options
Market Overview
Wall Street indexes closed higher on Wednesday (July 9), led by the tech-heavy Nasdaq as Nvidia briefly reached a $4 trillion valuation, and Federal Reserve meeting minutes fueled hopes that inflation pressures from President Donald Trump's tariffs would not derail interest rate cuts this year.
Regarding the options market, a total volume of 45,046,163 contracts was traded, up 10% from the previous trading day.
Top 10 Option Volumes
Top 10: $NVDA(NVDA)$, $TSLA(TSLA)$, $VIX(VIX)$, $AAPL(AAPL)$, $PLTR(PLTR)$, $AMZN(AMZN)$, $MSTR(MSTR)$, $AMD(AMD)$, $META(META)$, $HOOD(HOOD)$
Source: Tiger Trade App
$Nvidia(NVDA)$ briefly reached a market capitalization of $4 trillion on Wednesday, making it the first company in the world to reach the milestone and solidifying its position as one of Wall Street's most-favored stocks.
Shares of the leading chip designer rose as much as 2.8% to an all-time high of $164.42, benefiting from an ongoing surge in demand for artificial-intelligence technologies. The company's stock ended with a gain of 1.80%, leaving it with a market value of $3.97 trillion.
There are 2.92 million Nvidia option contracts traded on Wednesday, up 80% from the previous trading day. Call options account for 63% of overall option trades. Particularly high volume was seen for the $165 strike call option expiring July 11, with 343,140 contracts trading. NVDA 20250711 165.0 CALL
Unusual Options Activity
Source: Market Chameleon
$Plug Power(PLUG)$ stock surged more than 25% on Wednesday after the hydrogen fuel cell company announced a multi-year extension of its hydrogen supply agreement with an unnamed U.S.-based industrial gas company through 2030.
There are 331.4K million Plug Power option contracts traded on Wednesday, up 1256% from the previous trading day. Call options account for 88% of overall option trades. Particularly high volume was seen for the $2 strike call option expiring August 15, with 70,053 contracts trading. PLUG 20250815 2.0 CALL
$Oracle(ORCL)$ is trading ex-dividend on July 10th, 2025. Shareholders of record on July 10th, 2025 will receive 0.5 USD dividend per share on July 24th, 2025. The shares closed up 0.6% on Wednesday.
There are 265.45K million Oracle option contracts traded on Wednesday, up 15% from the previous trading day. Call options account for 93% of overall option trades. Particularly high volume was seen for the $180 strike call option expiring July 18, with 18,244 contracts trading. ORCL 20250718 180.0 CALL
$AT&T(T)$ is trading ex-dividend on July 10th, 2025. Shareholders of record on July 10th, 2025 will receive $0.3125 dividend per share on August 1st, 2025.
There are 257.4K million AT&T option contracts traded on Wednesday, up 592% from the previous trading day. Call options account for 92% of overall option trades. Particularly high volume was seen for the $27 strike call option expiring July 18, with 61,559 contracts trading. T 20250718 27.0 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.
Based on option delta volume, traders bought a net equivalent of 507,048 shares of $Coinbase(COIN)$ stock. The largest bullish delta came from buying calls. The largest delta volume came from the 18-Jul-25 340 Call, with traders getting long 153,212 deltas on the single option contract. COIN 20250718 340.0 CALL
Top 10 bullish stocks: $COIN(COIN)$, $NVDA(NVDA)$, $VZ(VZ)$, $OXY(OXY)$, $META(META)$, $CNC(CNC)$, $BA(BA)$, $MSFT(MSFT)$, $SLB(SLB)$, $EQT(EQT)$
Top 10 bearish stocks: $AMD(AMD)$, $GOOGL(GOOGL)$, $UHN(UHN)$, $PCG(PCG)$, $ORCL(ORCL)$, $AAPL(AAPL)$, $SMCI(SMCI)$, $GOOG(GOOG)$, $MU(MU)$; $KO(KO)$
Source: Market Chameleon
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$(NVDA)$ $(PLUG)$ $(ORCL)$ $(T)$ $(COIN)$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.
