To The Moon

Market Overview

The S&P 500 ended higher on Wednesday after stronger-than-expected retail sales data offered evidence of resilience in the U.S. economy, but gains were capped as investors worried about more interest rate hikes by Federal Reserve in the months ahead.

The S&P 500 climbed 0.28%, the Nasdaq gained 0.92%, and Dow Jones Industrial Average rose 0.11%.

Regarding the options market, a total volume of 38,507,017 contracts was traded on Wednesday, down 3.02% from the previous trading day.

Top 10 Option Volumes

Top 10: SPY, TSLA, QQQ, AAPL, VIX, AMZN, PLTR, GOOGL, AMC, NVDA

There were 7.51 million $SPDR S&P 500 ETF Trust(SPY)$ and 2.55 million $Invesco QQQ Trust(QQQ)$ options contracts trading on Wednesday. $SPDR S&P 500 ETF Trust(SPY)$’s trading volumes fell 23.21% while $Invesco QQQ Trust(QQQ)$’s volume slid 25.22% from the previous day separately. 54% of $SPDR S&P 500 ETF Trust(SPY)$ trades bet on bearish options.

Source: Tiger Trade App

$AMC Entertainment(AMC)$ rose 14.89% on Wednesday though its major shareholder Antara Capital Lp sold 3,638,989 shares in a transaction dated last Friday, February 10th. The stock was sold at an average price of $4.79, for a total transaction of $17,430,757.31.

There were 616,300 $AMC Entertainment(AMC)$ options trading on Wednesday, which rose 30% from the previous day. Call options account for 69% of overall option trades. Particularly high volume was seen for the $5 strike call option expiring February 17, with 51,844 contracts trading on Wednesday.

Unusual Options Activity​​

Source: Market Chameleon

$Roblox Corporation(RBLX)$ surged 26.38% on Wednesday as quarterly bookings beat estimates. Q4 revenue was $579.0 million, up 2% year-over-year; It estimated that Q1 revenue was between $213 million and $216 million, bookings were between $267 million and $271 million, up 19% - 21% year-over-year.

There were 288,100 $Roblox Corporation(RBLX)$ options trading on Wednesday, which soared nearly 255% from the previous day. Call options account for 54% of overall option trades. Particularly high volume was seen for the $45 strike call option expiring February 17, with 15,800 contracts trading on Wednesday.

$BP PLC(BP)$ slid 0.34% on Wednesday as shareholders of record on Friday, February 17th will be given a dividend of $0.3966 per share on March 31st.

There were 290,900 $BP PLC(BP)$ options trading on Wednesday. Call options account for 94% of overall option trades. Particularly high volume was seen for the $39 strike call option expiring February 17, with 7,039 contracts trading on Wednesday.

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: AMZN, IBM, XOM, AMGN, PFE, T, CCL, JNJ, META, CVS

Top 10 bearish stocks: TSLA, GOOGL, DVN, AAPL, NVDA, KO, AMD, F, PARA, GOOG

Source: Market Chameleon

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