Option Movers | Tesla's Call Options Soar 282%; NIO Shows Highest Bearish Sentiment
U.S. stocks advanced to close higher on Wednesday (Dec. 3), as a flurry of economic data kept expectations elevated for an interest rate cut by the Federal Reserve next week, while a fall in Microsoft's shares curbed the advance.
Regarding the options market, a total volume of 49,561,844 contracts was traded on Wednesday.
Top 10 Option Volumes
Top 10: $Tesla Motors(TSLA)$, $NVIDIA(NVDA)$, $Apple(AAPL)$, $Netflix(NFLX)$, $Cboe Volatility Index(VIX)$, $Microsoft(MSFT)$, $Strategy(MSTR)$, $Intel(INTC)$, $Amazon.com(AMZN)$, $Palantir Technologies Inc.(PLTR)$
$Tesla Motors(TSLA)$ shares rose about 4% on Wednesday after reports indicated the Trump administration is planning to prioritize robotics development, which can potentially boost Tesla's Optimus humanoid robot project.
A total number of 2.62 million options related to $Tesla Motors(TSLA)$ were traded on Wednesday, of which call options accounted for 65%. Particularly high volume was seen for the $440 strike call option expiring Dec. 5, with 137,206 contracts trading. For example, the $440 strike Tesla call options expiring December 5 rocketed 282% on Wednesday. $TSLA 20251205 440.0 CALL$
$Microsoft(MSFT)$ pushed back on a report Wednesday that the company lowered growth targets for AI software sales after many of its salespeople missed those goals in the last fiscal year.
The company’s stock sank 3% on The Information report.
A total number of 566.67K options related to $Microsoft(MSFT)$ were traded on Wednesday, of which call options accounted for 67%. Particularly high volume was seen for the $485 strike call option expiring Dec. 5, with 40,234 contracts trading. $MSFT 20251205 485.0 CALL$
Unusual Options Activity
Shares of streaming video giant $Netflix(NFLX)$ fell 5% on Wednesday after reports emerged that its potential acquisition of Warner Bros. Discovery faced scrutiny from U.S. officials, coupled with a significant stock sale by a company director. U.S. officials voiced fears that the deal could grant the streaming company excessive power over Hollywood, prompting discussions of a broad investigation into antitrust implications.
A total number of 676.09K options related to $Netflix(NFLX)$ were traded on Wednesday, of which call options accounted for 62%. Particularly high volume was seen for the $105 strike call option expiring Dec. 5, with 22,830 contracts trading. $NFLX 20251205 105.0 CALL$
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.
Based on option delta volume, traders sold a net equivalent of -1,339,449 shares of $NIO Inc.(NIO)$ stock. The largest bearish delta came from selling calls. The largest delta volume came from the 18-Jun-26 5 Call, with traders getting short 313,466 deltas on the single option contract.
Top 10 bullish stocks: $Tesla Motors(TSLA)$, $Albemarle(ALB)$, $Cipher Mining Inc.(CIFR)$, $Robinhood(HOOD)$, $Western Union(WU)$, $Rivian Automotive, Inc.(RIVN)$, $Palantir Technologies Inc.(PLTR)$, $Circle Internet Corp.(CRCL)$, $Qualcomm(QCOM)$, $Ondas Holdings Inc.(ONDS)$
Top 10 bearish stocks: $NIO Inc.(NIO)$, $Transocean(RIG)$, $Apple(AAPL)$, $Vale SA(VALE)$, $Microsoft(MSFT)$, $Netflix(NFLX)$, $SolarEdge(SEDG)$, $Meta Platforms, Inc.(META)$, $cleveland-cliffs(CLF)$, $Beyond Meat, Inc.(BYND)$
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$(TSLA)$ $(NVDA)$ $(AAPL)$ $(NFLX)$ $(VIX)$ $(MSFT)$ $(MSTR)$ $(INTC)$ $(AMZN)$ $(PLTR)$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.
