Option Movers | Microsoft's Volume Jumps 2239% on Haleon 5-Year AI Deal; PLTR's $125 Call Soars 1300% on New Nvidia AI Partnership for U.S. Government
Market Overview
U.S. stocks finished slightly lower on Wednesday (July 1) as technology shares fell, but gains in Meta Platforms limited the decline in the S&P 500 and Nasdaq.
Regarding the options market, a total volume of 63,916,283 contracts was traded, up 15% from the previous trading day.
Top 10 Option Volumes
Top 10: $TSLA(TSLA)$, $NVDA(NVDA)$, $META(META)$, $AAPL(AAPL)$, $MSFT(MSFT)$, $MU(MU)$, $AMZN(AMZN)$, $PLTR(PLTR)$, $SPCX(SPCX)$, $INTC(INTC)$
Source: Tiger Trade App
$Microsoft(MSFT)$ shares rose 3.02% to $384.28 on Wednesday after consumer health company Haleon announced a new five-year agreement to expand its use of Microsoft's artificial intelligence, cloud, and data technologies across its global operations.
There are 1.17M Microsoft option contracts traded on Wednesday, up 2239% from the previous trading day. Call options account for 77% of overall option trades, reflecting robust bullish sentiment across the market. Particularly high volume was seen for the $390 strike call option expiring July 1, with 89,259 contracts trading. MSFT 20260701 390.0 CALL
$Palantir Technologies(PLTR)$ rose 7.77% to $125.73 on Wednesday as the company announced it had entered into a new strategic initiative with Nvidia to build custom artificial intelligence models for the U.S. government.
There are 860.56K Palantir Technologies option contracts traded on Wednesday, up 168% from the previous trading day. Call options account for 70% of overall option trades. Fueled by pervasive bullish market sentiment, particularly high volume was seen for the $125 strike call option expiring July 2, with 47,032 contracts trading. PLTR 20260702 125.0 CALL
Unusual Options Activity
Source: Market Chameleon
$Meta Platforms(META)$ advanced 8.8% to $612.91 on a report it plans to build a cloud business to sell excess artificial-intelligence computing capacity. Meta hopes to generate revenue from selling excess computing power to third parties, Bloomberg reported.
There are 1,525,686 Meta option contracts traded on Wednesday, up 396% from the previous trading day. Call options account for 73% of overall option trades, reflecting robust bullish sentiment across the market. Particularly high volume was seen for the $620 strike call option expiring July 1, with 54,632 contracts trading. META 20260701 620.0 CALL
$CoreWeave(CRWV)$ sank 13.92% to $85.69 as the Meta news put pressure on the so-called neoclouds that are also in the business of selling AI computing power.
There are 414,587 CoreWeave option contracts traded on Wednesday, up 158% from the previous trading day. Call options account for 62% of overall option trades. Particularly high volume was seen for the $90 strike call option expiring July 2, with 19,244 contracts trading. CRWV 20260702 90.0 CALL
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