Option Movers | Microsoft Sees 65% Call Options; Intel Shows Highest Bearish Sentiment
The Dow stumbled to a lower close last Friday (Jan 23), while the S&P 500 ended largely unchanged, as investors' risk appetite was dimmed at the end of a topsy-turvy week by Intel's plunge on a downbeat outlook.
Regarding the options market, a total volume of 64,493,108 contracts was traded last Friday.
Top 10 Option Volumes
Top 10: $Tesla Motors(TSLA)$, $Intel(INTC)$, $NVIDIA(NVDA)$, $Advanced Micro Devices(AMD)$, $Microsoft(MSFT)$, $Netflix(NFLX)$, $Apple(AAPL)$, $Meta Platforms, Inc.(META)$, $Amazon.com(AMZN)$, $Micron Technology(MU)$
Shares of $Intel(INTC)$ tumbled 17% last Friday after the semiconductor giant issued a subpar sales and profit forecast and warned of supply disruptions.
A total number of 2.54 million options related to $Intel(INTC)$ were traded last Friday, of which call options accounted for 60%. Particularly high volume was seen for the $45 strike put option expiring Jan 23, with 120,877 contracts trading.
$NVIDIA(NVDA)$ stock rose 2% last Friday following a report that Chinese authorities will permit sales of its hardware in the country.
A total number of 2.36 million options related to $NVIDIA(NVDA)$ were traded last Friday, of which call options accounted for 62%. Particularly high volume was seen for the $190 strike call option expiring Jan 23, with 278,931 contracts trading.
Unusual Options Activity
$Microsoft(MSFT)$ stock jumped 3% last Friday after Karl Kierstead, an analyst at investment bank UBS, lowered his price target on the software giant -- but insisted Microsoft stock is a buy anyway. Kierstead puts Microsoft's price target at $600.
A total number of 976.39K options related to $Microsoft(MSFT)$ were traded last Friday, of which call options accounted for 65%. Particularly high volume was seen for the $470 strike call option expiring Jan 23, with 65,062 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 sold a net equivalent of -2,764,749 shares of $Intel(INTC)$ stock. The largest bearish delta came from selling calls. The largest delta volume came from the 23-Jan-26 45 Call, with traders getting short 458,804 deltas on the single option contract.
Top 10 bullish stocks: $TeraWulf Inc.(WULF)$, $Antero Resources(AR)$, $Microsoft(MSFT)$, $Tesla Motors(TSLA)$, $Blue Owl Capital Inc.(OWL)$, $APPLIED DIGITAL CORP(APLD)$, $New Fortress Energy LLC(NFE)$, $Core Scientific, Inc.(CORZ)$, $Micron Technology(MU)$, $IREN Ltd(IREN)$
Top 10 bearish stocks: $Intel(INTC)$, $GameStop(GME)$, $Transocean(RIG)$, $Meta Platforms, Inc.(META)$, $ImmunityBio, Inc.(IBRX)$, $Rivian Automotive, Inc.(RIVN)$, $BlackBerry(BB)$, $SUPER MICRO COMPUTER INC(SMCI)$, $Cipher Mining Inc.(CIFR)$, $Opendoor Technologies Inc(OPEN)$
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$(TSLA)$ $(INTC)$ $(NVDA)$ $(MSFT)$ $(NFLX)$ $(AAPL)$ $(META)$ $(AMZN)$ $(MU)$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.
