Option Movers | Micron's $500 Call Shows High Open Interest; Tesla Shows Highest Bullish Sentiment
Wall Street ended higher on Tuesday (Mar 17), with gains in Delta Air Lines and other travel stocks, while the Federal Reserve began its two-day policy meeting amid investors' worries about high oil prices and the Middle East conflict.
Regarding the options market, a total volume of 47,361,264 contracts was traded on Tuesday.
Top 10 Option Volumes
Top 10: $NVIDIA(NVDA)$, $Tesla Motors(TSLA)$, $Cboe Volatility Index(VIX)$, $SoFi Technologies Inc.(SOFI)$, $Microsoft(MSFT)$, $Amazon.com(AMZN)$, $Intel(INTC)$, $Meta Platforms, Inc.(META)$, $Apple(AAPL)$, $Micron Technology(MU)$
$Amazon.com(AMZN)$ stock rallied on Tuesday after the e-commerce company announced faster delivery times in an effort to better compete with retail giant $Wal-Mart(WMT)$. Customers in select cities can now expect deliveries from Amazon to be completed even faster with one-hour and three-hour delivery options.
A total number of 569.87K options related to $Amazon.com(AMZN)$ were traded on Tuesday, of which call options accounted for 67%. Particularly high volume was seen for the $215 strike call option expiring Mar 18, with 55,396 contracts trading.
$Micron Technology(MU)$ stock rose 5% on Tuesday.
A total number of 392.53K options related to $Micron Technology(MU)$ were traded on Tuesday, of which call options accounted for 57%. Particularly high volume was seen for the $500 strike call option expiring Mar 20, with 16,269 contracts trading. $MU 20260320 500.0 CALL$
Unusual Options Activity
Shares of $NEBIUS(NBIS)$ fell sharply on Tuesday after the company announced plans to raise $3.75 billion through convertible bonds to help fund its data-center buildout.
A total number of 249.42K options related to $NEBIUS(NBIS)$ were traded on Tuesday, of which call options accounted for 58%. Particularly high volume was seen for the $120 strike call option expiring Mar 20, with 14,730 contracts trading. $NBIS 20260320 120.0 CALL$
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.
Top 10 bullish stocks: $Tesla Motors(TSLA)$, $Broadcom(AVGO)$, $Core Scientific, Inc.(CORZ)$, $TeraWulf Inc.(WULF)$, $Pfizer(PFE)$, $Vale SA(VALE)$, $Meta Platforms, Inc.(META)$, $Corcept Therapeutics(CORT)$, $Sable Offshore Corp.(SOC)$, $SoFi Technologies Inc.(SOFI)$
Top 10 bearish stocks: $Apple(AAPL)$, $Denison Mines(DNN)$, $NVIDIA(NVDA)$, $Rocket Companies(RKT)$, $Nokia Oyj(NOK)$, $Goldman Sachs(GS)$, $Netflix(NFLX)$, $Advanced Micro Devices(AMD)$, $Southwest Airlines(LUV)$, $GameStop(GME)$
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$(NVDA)$ $(TSLA)$ $(VIX)$ $(SOFI)$ $(MSFT)$ $(AMZN)$ $(INTC)$ $(META)$ $(AAPL)$ $(MU)$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.
