Option Movers | Netflix Sees 84% Call Options; Circle's $80 Call Soars 4900%
Market Overview
Wall Street ended higher on Wednesday (Feb 26), extending its tech-led rally and touching two-week highs as worries over artificial intelligence disruption and costs took a back seat to renewed optimism over the nascent technology's potential benefits.
Regarding the options market, a total volume of 51,826,211 contracts was traded, up 7% from the previous trading day.
Top 10 Option Volumes
Top 10: $NVDA(NVDA)$, $TSLA(TSLA)$, $NFLX(NFLX)$, $MSFT(MSFT)$, $AAPL(AAPL)$, $AMZN(AMZN)$, $VIX(VIX)$, $PLTR(PLTR)$, $META(META)$, $AMD(AMD)$
Source: Tiger Trade App
$Netflix(NFLX)$ shares jumped almost 6% on Wednesday as Wall Street bets that it will walk away from its pursuit of Warner Bros. Discovery now that Paramount Skydance has submitted a revised proposal that was favorably received by Warner Bros. on Tuesday.
There are 1.29 million Netflix option contracts traded on Wednesday, up 277% from the previous trading day. Call options account for 84% of overall option trades. Particularly high volume was seen for the $50 strike call option expiring September 18, with 145,745 contracts trading. NFLX 20260918 100.0 CALL
Unusual Options Activity
Source: Market Chameleon
$Circle(CRCL)$ surpassed Wall Street expectations for fourth-quarter revenue on Wednesday, as income from reserves got a boost from a rise in circulation of its stablecoin token, sending its shares up 35.5%.
There are 465.04K Circle option contracts traded on Wednesday, up 635% from the previous trading day. Call options account for 63% of overall option trades. Particularly high volume was seen for the $80 strike call option expiring February 27, with 20,962 contracts trading. CRCL 20260227 80.0 CALL
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