Option Movers | Amazon Sees 67% Call Options; Quantumscape Shows Highest Bullish Sentiment
The Nasdaq ended with more pronounced gains than the S&P 500 and the Dow on Friday (Oct. 31) with a strong boost from Amazon's upbeat earnings forecast, but investor moods were dampened by worries that the Federal Reserve is becoming more cautious about cutting rates.
Regarding the options market, a total volume of 67,671,729 contracts was traded last Friday.
Top 10 Option Volumes
Top 10: $NVIDIA(NVDA)$, $Tesla Motors(TSLA)$, $Amazon.com(AMZN)$, $Apple(AAPL)$, $Meta Platforms, Inc.(META)$, $Palantir Technologies Inc.(PLTR)$, $Strategy(MSTR)$, $Advanced Micro Devices(AMD)$, $Microsoft(MSFT)$, $SoFi Technologies Inc.(SOFI)$
Shares of electric vehicle pioneer $Tesla Motors(TSLA)$ jumped 4% last Friday.
A total number of 3.43 million options related to $Tesla Motors(TSLA)$ were traded last Friday, of which call options accounted for 58%. Particularly high volume was seen for the $455 strike call option expiring Oct. 31, with 262,080 contracts trading.
$Amazon.com(AMZN)$ shares soared 10% on Friday after the company reported an across-the-board beat for the third quarter and boosted its forecast for spending due to demand for artificial intelligence services.
A total of 2.96 million options related to $Amazon.com (AMZN)$ were traded last Friday, of which call options accounted for 67%. Particularly high volume was seen for the $250 strike call option expiring Oct. 31, with 167,476 contracts trading.
Unusual Options Activity
$Meta Platforms, Inc.(META)$ shares plunged 3% last Friday following a 11% drop in the prior session.
A total number of 1.67 million options related to $Meta Platforms, Inc.(META)$ were traded last Friday, of which call options accounted for 67%. Particularly high volume was seen for the $650 strike put option expiring Oct. 31, with 62,077 contracts trading.
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.
Based on option delta volume, traders bought a net equivalent of 922,776 shares of $Quantumscape Corp.(QS)$ stock. The largest bullish delta came from buying calls. The largest delta volume came from the 31-Oct-25 15.50 Call, with traders getting long 278,785 deltas on the single option contract.
Top 10 bullish stocks: $Quantumscape Corp.(QS)$, $Lumen Technologies(LUMN)$, $Robinhood(HOOD)$, $Amcor plc(AMCR)$, $CoreWeave, Inc.(CRWV)$, $NVIDIA(NVDA)$, $Amazon.com(AMZN)$, $Strategy(MSTR)$, $Ventyx Biosciences, Inc.(VTYX)$, $IREN Ltd(IREN)$
Top 10 bearish stocks: $Bank of America(BAC)$, $Geo Group Inc(GEO)$, $Cipher Mining Inc.(CIFR)$, $Pepsi(PEP)$, $Chipotle Mexican Grill(CMG)$, $Opendoor Technologies Inc(OPEN)$, $Ford(F)$, $Deckers Outdoor(DECK)$, $Bristol-Myers Squibb(BMY)$, $Peabody Energy Corp(BTU)$
If you are interested in options and you want to:
Share experiences and ideas on options trading.
Read options-related market updates/insights.
Learn more about options trading if you are a beginner in this field.
Please click to join Tiger Options Club
$(NVDA)$ $(TSLA)$ $(AMZN)$ $(AAPL)$ $(META)$ $(PLTR)$ $(MSTR)$ $(AMD)$ $(MSFT)$ $(SOFI)$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.
