Option Movers | Amazon Sees 74% Call Options; Micron's $450 Call Soars 352%
Wall Street's main indexes advanced and the S&P 500 neared a record closing high on Monday (Apr. 14) as investors were optimistic about prospects to resolve the Middle East conflict while they assessed the latest batch of bank earnings and U.S. inflation readings.
Regarding the options market, a total volume of 67,095,378 contracts was traded on Monday.
Top 10 Option Volumes
Top 10: $NVIDIA(NVDA)$, $Tesla Motors(TSLA)$, $Cboe Volatility Index(VIX)$, $Amazon.com(AMZN)$, $Netflix(NFLX)$, $Microsoft(MSFT)$, $Apple(AAPL)$, $Meta Platforms, Inc.(META)$, $Micron Technology(MU)$, $Oracle(ORCL)$
$Micron Technology(MU)$ stock rose 9% on Tuesday.
A total number of 843.18K options related to $Micron Technology(MU)$ were traded on Tuesday, of which call options accounted for 63%. Particularly high volume was seen for the $450 strike call option expiring Apr 17, with 35,252 contracts trading. $MU 20260417 450.0 CALL$
$NVIDIA(NVDA)$ stock is on a tear, rising more than 18% over the past ten days. It’s the longest winning streak the artificial intelligence chip giant has seen since another ten-day rise in 2023.
Shares climbed 3.8% on Tuesday but are trading about 8% lower than October’s all-time high of $212.19, adjusted for a 10-for-1 stock split that occurred in 2024.
A total number of 3.03 million options related to $NVIDIA(NVDA)$ were traded on Tuesday, of which call options accounted for 71%. Particularly high volume was seen for the $195 strike call option expiring Apr 15, with 173,589 contracts trading.
Unusual Options Activity
Shares of cloud computing and online retail behemoth $Amazon.com(AMZN)$ jumped 3.8% on Tuesday after the company announced it agreed to acquire satellite service provider Globalstar.
A total number of 1.52 million options related to $Amazon.com(AMZN)$ were traded on Tuesday, of which call options accounted for 74%. Particularly high volume was seen for the $250 strike call option expiring Apr 15, with 62,767 contracts trading.
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: $Tesla Motors(TSLA)$, $Intel(INTC)$, $NVIDIA(NVDA)$, $Micron Technology(MU)$, $Amazon.com(AMZN)$, $Advanced Micro Devices(AMD)$, $Alphabet(GOOGL)$, $American Airlines(AAL)$, $Marvell Technology(MRVL)$, $Rocket Lab USA, Inc.(RKLB)$
Top 10 bearish stocks: $Strive(ASST)$, $NIO Inc.(NIO)$, $Circle Internet Corp.(CRCL)$, $Ford(F)$, $Warner Bros. Discovery(WBD)$, $Bloom Energy Corp(BE)$, $Nike(NKE)$, $Exxon Mobil(XOM)$, $Energy Transfer LP(ET)$, $Wayfair(W)$
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$(MU)$ $(AMZN)$ $(NVDA)$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.
