To The Moon

Market Overview

Wall Street's main indexes finished higher on Thursday (Jan. 22), the second straight day of gains, as investors ​bought shares after U.S. President Donald Trump rescinded tariff threats on European allies while data highlighted American economic resilience.

Regarding the options market, a total volume of 59,063,133 contracts was traded, down 9% from the previous trading day.

Top 10 Option Volumes

Top 10: $TSLA(TSLA)$, $NVDA(NVDA)$, $NFLX(NFLX)$, $INTC(INTC)$, $PFE(PFE)$, $VIX(VIX)$, $META(META)$, $AMD(AMD)$, $AAPL(AAPL)$, $AMZN(AMZN)$

Source: Tiger Trade App

$Tesla(TSLA)$ shares jumped 4.2% on Thursday after CEO Elon Musk announced robo-taxi rides in Austin, Texas, without safety monitors.

There are 2.51 million Tesla option contracts traded on Thursday, up 41% from the previous trading day. Call options account for 65% of overall option trades. Particularly high volume was seen for the $450 strike call option expiring January 23, with 167,978 contracts trading. TSLA 20260123 450.0 CALL

$Meta(META)$ shares jumped 5.7% on Thursday, as Jefferies analyst Brent Thill published a note on Meta, reiterating his "Buy" rating and a $910 price target. Meta offers an attractive entry point following its recent pullback, according to Jefferies.

There are 796.24K Meta option contracts traded on Thursday, up 116% from the previous trading day. Call options account for 64% of overall option trades. Particularly high volume was seen for the $650 strike call option expiring January 23, with 44,647 contracts trading. META 20260123 650.0 CALL

Unusual Options Activity

Source: Market Chameleon

$Intel(INTC)$ said on Thursday it struggled to satisfy demand for its server chips used in AI data centers, and forecast quarterly revenue and profit below market ​estimates, sending shares down 11.2% in after-hours trading.

Traders made a bet before Intel's earning. There are 1.18 million option contracts traded on Thursday, down 7% from the previous trading day. Call options account for 54% of overall option trades. Particularly high volume was seen for the $60 strike call option expiring January 23, with 53,712 contracts trading. INTC 20260123 60.0 CALL

$Pfizer(PFE)$ declared a quarterly dividend of $0.43 per share (annualized $1.72) with an ex‑dividend/record date of Jan 23 and payable Mar 6, implying a 6.7% yield.

There are 996.28K Pfizer option contracts traded on Thursday, up 831% from the previous trading day. Call options account for 96% of overall option trades. Particularly high volume was seen for the $23 strike call option expiring March 20, with 144,455 contracts trading. PFE 20260320 23.0 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 1,273,850 shares of $Tesla(TSLA)$ stock. The largest bullish delta came from buying calls. The largest delta volume came from the 23-Jan-26 420 Call, with traders getting long 621,565 deltas on the single option contract. TSLA 20260123 420.0 CALL

Top 10 bullish stocks: $TSLA(TSLA)$, $PFE(PFE)$, $META(META)$, $VZ(VZ)$, $PLTR(PLTR)$, $AAPL(AAPL)$, $TMUS(TMUS)$, $MU(MU)$, $AMD(AMD)$, $CVNA(CVNA)$

Top 10 bearish stocks: $MSFT(MSFT)$, $NFLX(NFLX)$, $FCX(FCX)$, $BAC(BAC)$, $F(F)$, $EBAY(EBAY)$, $WY(WY)$, $HOOD(HOOD)$, $JNJ(JNJ)$; $T(T)$

Source: Market Chameleon

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