Option Movers | CoreWeave's Volume Surges 96%; NIO Sees 88% Call Options
Market Overview
The S&P 500 and Nasdaq registered record closing highs on Thursday (July 10), and Nvidia's market value closed above $4 trillion for the first time, while the Brazilian real recovered some losses following U.S. President Donald Trump's announcement of a 50% tariff on the country's goods.
Regarding the options market, a total volume of 48,502,829 contracts was traded, up 8% from the previous trading day.
Top 10 Option Volumes
Top 10: $TSLA(TSLA)$, $NVDA(NVDA)$, $AAPL(AAPL)$, $AMD(AMD)$, $MSTR(MSTR)$, $CRWV(CRWV)$, $MARA(META)$, $PLTR(PLTR)$, $HOOD(HOOD)$, $SOFI(SOFI)$
Source: Tiger Trade App
$Tesla(TSLA)$ shares jumped 4.7% on Thursday. The company will hold its annual shareholder meeting on November 6, it said on Thursday, a day after a group of 27 investors urged the Elon Musk-led electric automaker to set a date, citing legal obligations.
There are 2.65 million Nvidia option contracts traded on Thursday, up 70% from the previous trading day. Call options account for 60% of overall option trades. Particularly high volume was seen for the $310 strike call option expiring July 11, with 214,535 contracts trading. TSLA 20250711 310.0 CALL
After failing to close at the level needed to clinch a $4 trillion market capitalization a day earlier, $Nvidia(NVDA)$’s stock sealed the deal on Thursday.
There are 2.51 million Nvidia option contracts traded on Thursday, down 15% from the previous trading day. Call options account for 61% of overall option trades. Particularly high volume was seen for the $165 strike call option expiring July 11, with 312,929 contracts trading. NVDA 20250711 165.0 CALL
Unusual Options Activity
$CoreWeave(CRWV)$ shares sank 9.6% on Thursday. Needham downgraded CoreWeave from Buy to Hold, citing valuation concerns despite the strategic benefits of the company’s announced CORZ acquisition.
There are 710.71K CoreWeave option contracts traded on Thursday, up 96% from the previous trading day. Call options account for 80% of overall option trades. Particularly high volume was seen for the $85 strike call option expiring July 18, with 92,674 contracts trading. CRWV 20250718 85.0 CALL
$Delta Air Lines(DAL)$ stock jumped 12% on Thursday after the carrier cleared estimates for Q2 results and restored its full-year outlook. Rivals United Airlines and American Airlines also rallied.
There are 323.21K Delta option contracts traded on Thursday, up 106% from the previous trading day. Call options account for 56% of overall option trades. Particularly high volume was seen for the $56 strike Put option expiring July 25, with 12,630 contracts trading. DAL 20250725 56.0 PUT
$NIO(NIO)$ shares jumepd more than 6% on Thursday. Morgan Stanley has reiterated an Overweight rating and $5.90 price target on NIO (NYSE:NIO) following the unveiling of the Onvo L90 SUV. The L90's pre-sales starting price including an 85-kWh battery pack is RMB 279,900 ($39,000), lower than many had anticipated.
There are 349.16K NIO option contracts traded on Thursday, up 314% from the previous trading day. Call options account for 88% of overall option trades. Particularly high volume was seen for the $3.5 strike call option expiring September 19, with 174,954 contracts trading. NIO 20250919 3.5 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 698,642 shares of $Apple(AAPL)$ stock. The largest bearish delta came from selling calls. The largest delta volume came from the 18-Jul-25 230 Put, with traders getting long 801,003 deltas on the single option contract. AAPL 20250718 230.0 PUT
Top 10 bullish stocks: $AAPL(AAPL)$, $NFLX(NFLX)$, $META(META)$, $PFE(PFE)$, $COIN(COIN)$, $DAL(DAL)$, $CSX(CSX)$, $AES(AES)$, $UAL(UAL)$, $AMD(AMD)$
Top 10 bearish stocks: $GOOGL(GOOGL)$, $PLTR(PLTR)$, $BRK.B(BRK.B)$, $UNH(UNH)$, $T(T)$, $WMT(WMT)$, $F(F)$, $MSFT(MSFT)$, $DVN(DVN)$; $PANW(PANW)$
Source: Market Chameleon
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$(NVDA)$ $(TSLA)$ $(CRWV)$ $(NIO)$ $(DAL)$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.
