To The Moon

Market Overview

The tech-heavy Nasdaq Composite led Wall Street with a 1% advance on Monday ​as investors returned to the chip sector and other AI-related stocks following last week's bruising selloff, while investors waited for key corporate earnings reports.

Regarding the options market, a total volume of 62,916,310 contracts was traded, of which 55% were call options.

Top 10 Option Volumes

Top 10: $NVIDIA(NVDA)$, $Tesla Motors(TSLA)$, $Amazon.com(AMZN)$, $Apple(AAPL)$, $Micron Technology(MU)$, $SpaceX(SPCX)$, $CoreWeave(CRWV)$, $Meta Platforms(META)$, $Advanced Micro Devices(AMD)$, $Intel(INTC)$

$Tesla(TSLA)$ closed at $368.06, up 3.76% from the prior close. The session’s standout was an $8.65 million bullish LEAPS call purchase at the $370 strike expiring September 2027, signaling strong long-term upside conviction. A smaller $472 thousand out-of-the-money call sale at $395 expiring October 2026 reflected a capped-upside or premium-collection view. Net large-trade flow leaned clearly bullish despite that contained bearish leg.

A CALL buy worth $8.65 million was the standout trade of the session, with 1,264 contracts bought at the 370.0 strike expiring on 2027-09-17. With TSLA referenced at 368.06, this call was slightly out of the money at the time of execution, making it a clearly bullish long-dated directional bet. The buyer appears to be positioning for meaningful upside over an extended horizon, using LEAPS-style exposure to capture a sustained rally while limiting risk to the premium paid.

Source: Tiger Trade App

A CALL sale worth $472 thousand was the other displayed large trade, consisting of 1,389 contracts sold at the 395.0 strike expiring on 2026-10-23. With the stock below that strike, this call was also out of the money, and the trade reflects a bearish-to-capped-upside view. Strategically, selling this out-of-the-money call suggests premium collection and a stance that TSLA is unlikely to break materially above 395.0 by expiration, or at least that upside is expected to remain contained relative to that strike.

Overall, the large-trade flow points to a clear bullish bias in TSLA. The dominant feature was the very large long-dated upside call purchase, and the broader block activity was also led by bullish call buying, while the bearish side was comparatively smaller and centered mostly on limited premium-selling or downside hedging activity. Taken together, the figures suggest institutional participants were leaning constructively on TSLA’s medium- to long-term upside, even as some traders expressed caution by selling upside calls or adding smaller protective put exposure.

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Unusual Options Activity

$Palantir(PLTR)$ closed at $194.15, rising 4.36%. Palantir’s options market saw heavy institutional activity on the put side, led by a single $6.36 million put sale at the $185.00 strike expiring November 20, 2026. A second large put sale of $749 thousand at the $172.50 strike for October 30, 2026 reinforced the pattern of premium collection below the current stock price. The bulk of large-trade flow was concentrated in selling out-of-the-money puts, suggesting a bullish tone focused on downside support rather than protection against a sharp decline.

A put sale worth $6.36 million was the standout large trade, with investors selling the November 20, 2026 $185.00 put across 6,842 contracts. With PLTR referenced at $194.15, this strike sits out of the money, making the trade a moderately bullish cash-secured-style stance that benefits if the stock stays above $185.00 into expiration. Strategically, this kind of single-leg short put expresses confidence in downside support while seeking to collect premium, and it also implies a willingness to accumulate shares effectively at a lower level if assigned.

Another notable large trade was an out-of-the-money put sale worth $749 thousand in the October 30, 2026 $172.50 strike, executed in 4,802 contracts. This is also a bullish single-leg position, as the seller is again collecting premium while betting PLTR can remain comfortably above the strike through expiration. Taken together, the large-trade flow points clearly to a bullish institutional tone: the dominant activity was concentrated in selling downside puts below the current stock price, suggesting market participants are more focused on monetizing elevated premium and leaning on perceived support levels than on positioning for a meaningful downside break.