Option Movers｜Nvidia's Volume Surges 78%; Strategy Sees 62% Call Options
Market Overview
Wall Street ended lower on Friday(July 11), with Meta Platforms weighing on the S&P 500 after President Donald Trump intensified his tariff offensive against Canada, amplifying the uncertainty swirling around U.S. trade policy.
Regarding the options market, a total volume of 54,688,666 contracts was traded.
Top 10 Option Volumes
Top 10: $NVDA(NVDA)$, $TSLA(TSLA)$, $Strategy(MSTR)$, $AMD(AMD)$, $Amazon.com(AMZN)$, $HOOD(HOOD)$, $SOFI(SOFI)$, $AAPL(AAPL)$, $PLTR(PLTR)$, $Cboe Volatility Index(VIX)$
Source: Tiger Trade App
$Nvidia(NVDA)$ shares rose 0.5% to $164.92 after the maker of artificial-intelligence chips finished Thursday's session with a market capitalization of $4.004 trillion, making it the first company ever to top $4 trillion. Nvidia had crossed the $4 trillion mark intraday on Wednesday but came up just short as the trading day ended. The stock has surged more than 50% over the past three months amid sky-high demand for all things AI.
There are 4.47 million Nvidia option contracts traded on Friday, up 78% from the previous trading day. Call options account for 59% of overall option trades. Particularly high volume was seen for the $170 strike call option expiring July 18, with 159,065 contracts trading.
Unusual Options Activity
Source: Market Chameleon
$Strategy(MSTR)$ gained 3% after Bitcoin set a record high above $118,000.
There are 1.17 million $Strategy(MSTR)$ option contracts traded on Friday, up 58% from the previous trading day. Call options account for 62% of overall option trades. Particularly high volume was seen for the $205 strike call option expiring July 18, with 34,251 contracts trading.
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 sold a net equivalent of -573,716 shares of $Alphabet(GOOGL)$ stock. The largest bearish delta came from selling calls. The largest delta volume came from the 11-Jul-25 180 Call, with traders getting short 706,879 deltas on the single option contract.
Top 10 bullish stocks: NVDA, CSX, MSFT, GM, CCL, AMD, PLTR, DLTR, MU, C
Top 10 bearish stocks: GOOGL, NEE, SMCI, BRK.B, INTC, TSLA, CAG, COIN, KE, KO
Source: Market Chameleon
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$(NVDA)$ $(MSTR)$ $(GOOGL)$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.
