Option Movers | Intel's Volume Surges 295%; Alibaba Sees 86% Call Options
Market Overview
U.S. stocks rallied on Friday (Jan. 17) to close out a strong week on optimism over the health of the economy and path of interest rates as investors braced for a slew of policy changes under the incoming Trump administration.
Regarding the options market, a total volume of 59,807,627 contracts was traded, up 20% from the previous trading day.
Top 10 Option Volumes
Top 10: $NVDA(NVDA)$, $TSLA(TSLA)$, $VIX(VIX)$, $AAPL(AAPL)$, $MSTR(MSTR)$, $INTC(INTC)$, $MARA(MARA)$, $AMD(AMD)$, $AMZN(AMZN)$, $META(META)$
Source: Tiger Trade App
$Nvidia(NVDA)$ shares jumped 3.1% on Friday. Barclays upped their target price on shares of Nvidia from $160.00 to $175.00 and gave the company an "overweight" rating in a research note.
There are 4.06 million Nvidia option contracts traded on Friday, up 35% from the previous trading day. Call options account for 66% of overall option trades. Particularly high volume was seen for the $138 strike call option expiring January 17, with 374,145 contracts trading.
$Intel(INTC)$ shares surged 9.3% on Friday amidst speculation that the company could be a potential acquisition target. This development was reported by SemiAccurate, stirring investor interest in the chipmaker's stock.
There are 975.3K Intel option contracts traded on Friday, up 295% from the previous trading day. Call options account for 74% of overall option trades. Particularly high volume was seen for the $21 strike put option expiring January 17, with 59,868 contracts trading. The next is the $22 strike call option expiring January 17, with 54,347 contracts trading.
Unusual Options Activity
Source: Market Chameleon
$Tesla(TSLA)$ shares jumped 3.1% on Friday, as investors reaped the final rewards of the so-called Trump bump ahead of Inauguration Day. There’s a lot to look forward to as Tesla Chief Executive Elon Musk’s buddying up to Donald Trump.
There are 4.02 million Tesla option contracts traded on Friday, up 102% from the previous trading day. Call options account for 65% of overall option trades. Particularly high volume was seen for the $440 strike call option expiring January 17, with 235,836 contracts trading.
$Alibaba(BABA)$ shares gained 3.3% on Friday after a positive phone call between Chinese President Xi Jinping and US president-elect Donald Trump.
There are 521.7K Alibaba option contracts traded on Friday, up 46% from the previous trading day. Call options account for 86% of overall option trades. Particularly high volume was seen for the $85 strike call option expiring January 17, with 42,244 contracts trading.
$MicroStrategy(MSTR)$ shares jumped 8% on Friday as Bitcoin rallied. Advocates and holders of crypto will soon influence U.S. policy on the emerging technology after a slew of nominations and advisory appointments by President-elect Donald Trump, who takes office on Monday.
There are 1.17 million MicroStrategy option contracts traded on Friday, up 144% from the previous trading day. Call options account for 71% of overall option trades. Particularly high volume was seen for the $400 strike call option expiring January 17, with 82,230 contracts trading.
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.
Top 10 bullish stocks: $TSLA(TSLA)$, $INTC(INTC)$, $AMZN(AMZN)$, $PLTR(PLTR)$, $PYPL(PYPL)$, $JPM(JPM)$, $BKR(BKR)$, $CVS(CVS)$, $CCL(CCL)$, $WMT(WMT)$
Top 10 bearish stocks: $XOM(XOM)$, $F(F)$, $GOOGL(GOOGL)$, $NVDA(NVDA)$, $SMCI(SMCI)$, $GOOG(GOOG)$, $PARA(PARA)$, $NEM(NEM)$, $GM(GM)$; $UBER(UBER)$
Source: Market Chameleon
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$(INTC)$ $(NVDA)$ $(TSLA)$ $(BABA)$ $(MSTR)$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.
