To The Moon

Market Overview

On August 6, The U.S. major indexes closed as follows: Dow Jones declined 0.85% at 53,885.10; S&P 500 fell 0.18% at 7,709.96; NASDAQ inched down 0.06% at 26,348.35.

According to MarketChameleon, the total trading volume of U.S. stock options on that day was 58,948,251, while the average daily option volume was 63,751,625. Puts accounted for 42% of the volume and calls for 58%. Additionally, 1,164 stocks have option volume that is greater than their 30 day moving average volume.

Top 10 Option Volumes

Top 10: $NVIDIA(NVDA)$、$SpaceX(SPCX)$、$AAPL(AAPL)$、$Tesla Motors(TSLA)$、$Micron Technology(MU)$、$Microsoft(MSFT)$、$Intel(INTC)$、$Hertz Global Holdings, Inc.(HTZ)$、$Palantir Technologies Inc.(PLTR)$、$Energy Transfer LP(ET)$。

The Large-Trade Flow Points to a Bullish Bias in NBIS

$NEBIUS(NBIS)$ closed at $189.88, down 13.29%. A sharp single-day drop in NBIS was met with notable options activity, dominated by a $2.70 million out-of-the-money put sale and a $2.44 million double call sale, both executed in far-dated 2026 expirations. The flow revealed a nuanced market stance: traders are writing downside insurance and capping upside, reflecting a moderately bullish conviction with expectations for consolidation.

Large Trades

A PUT sale worth $2.70 million was the largest single-leg trade, with 2,500 contracts of the $180.0 strike put sold for the 2026-08-21 expiration. Strategically, this kind of trade often reflects willingness to buy shares lower while monetizing elevated option premium, or simply a view that downside into that expiration is limited.

A net-credit call combination worth $2.44 million was the next major trade, structured as a same-direction double call sale in the 2026-09-18 expiration: 1,100 contracts sold at the 280.0 strike and 1,100 contracts sold at the 290.0 strike. Both call legs were out of the money versus the $189.88 reference stock price, and the strategy was executed for a net premium received of $2.44 million. This is best interpreted as an income-oriented, range-bound to mildly bearish positioning expression, where the trader is effectively betting NBIS will remain well below those upper strikes through expiration, allowing the collected premium to decay in their favor.

Overall, the large-trade flow points to a bullish bias in NBIS, with sentiment skewed toward put selling rather than aggressive upside call buying. Market participants leaning moderately bullish rather than expecting a major downside move.

Tesla’s $10 Million Bull Put Spread Leads Bullish Charge

$Tesla Motors(TSLA)$ closed at $319.53, reflecting a 0.63 percent decline. The options market, however, painted a more bullish picture. A dominant $9.85 million bull put spread signaled institutional confidence, overwhelming a substantial $3.69 million protective put block.

Large Trades

A bullish put spread with a total traded amount of $9.85 million was the largest featured strategy, built by selling 1,460 contracts of the $360.0 put expiring 2026-08-07 and buying 1,090 contracts of the $355.0 put with the same expiration. As a bull put spread, this structure is typically used to express moderately bullish directional exposure while also generating income if TSLA stays firm above the short-put zone into expiry.

A put buy worth $3.69 million was the other major trade, consisting of the purchase of 1,202 contracts of the $350.0 put expiring 2026-08-07. This is a straightforward bearish options position, giving the buyer downside exposure and likely serving either as a speculative bearish wager or as portfolio protection against further weakness in TSLA.

Overall, the large-trade flow in TSLA leans bullish. The sentiment summary shows bullish activity clearly outweighing bearish flow, and that positive tilt is reinforced by the day’s dominant premium event being a sizable bull put spread rather than an outright bearish structure.

Disclaimer: This analysis is based on publicly available market data and is provided for informational purposes only. It does not constitute investment advice. Options trading involves substantial risk, and investors may lose more than their initial investment.