Wall Street's main indexes closed lower on Friday (Jan 24) as investors stepped back while they digested a mixed bag of economic data and earnings reports and prepared for a week filled with economic releases and a Federal Reserve meeting.
Regarding the options market, a total volume of 51,513,390 contracts was traded on Friday.
Top 10 Option Volumes
Top 10: $NVDA(NVDA)$; $TSLA(TSLA)$; $AAPL(AAPL)$; $PLTR(PLTR)$; $META(META)$; $MSTR(MSTR)$; $AMD(AMD)$; $SOFI(SOFI)$; $VIX(VIX)$; $MARA(MARA)$
Source: Tiger Trade App
$Nvidia(NVDA)$ stock sank 3% on Friday and continued to decline 6.5% in overnight trading.
Chinese AI lab DeepSeek released a powerful AI model that it claims cost just $6 million to build, using less-powerful chips. If true — or partially true — that could undermine demand for super-pricey AI chips and other gear.
China's DeepSeek startup roiled artificial intelligence-driven stocks on Monday as Wall Street mulled huge investments by technology industry giants in AI infrastructure as well as demand for Nvidia chips. DeepSeek's apparent advances have raised questions over the computing power needed to develop AI systems, a key driver for AI stocks.
A total number of 5.16 million options related to $Nvidia(NVDA)$ was traded, of which 62% were call options. Bearish options related to Nvidia saw big gains on Friday. For example, the $143 strike put option expiring this Friday soared 113.6%.
Source: Tiger Trade App
Unusual Options Activity
Source: Market Chameleon
$Twilio(TWLO)$ has the potential to grow into a "much more profitable business," William Blair analysts said Friday as they reiterated an Outperform rating on shares of the cloud communications company.
Analysts led by Arjun Bhatia argued that Twilio's valuation was attractive, given the potential upside to revenue and free cash flow in coming years. Shares of Twilio spiked 20.13% to $136.23 on Friday.
Twilio expects to see 11% revenue growth in the fourth quarter of 2024, with results set to be announced on Feb. 13. Third-quarter revenue was reported at $1.13 billion. A total number of 105,688 options related to $Twilio(TWLO)$ was traded, 8.3 times higher than the 90-day average trading volume.
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: $PLTR(PLTR)$; $CMCSA(CMCSA)$; $PFE(PFE)$; $PCG(PCG)$; $HAL(HAL)$; $BAC(BAC)$; $LUV(LUV)$; $UAL(UAL)$; $IP(IP)$; $AVGO(AVGO)$
Top 10 bearish stocks: $NVDA(NVDA)$; $GOOGL(GOOGL)$; $AAPL(AAPL)$; $PARA(PARA)$; $TSLA(TSLA)$; $MMM(MMM)$; $T(T)$; $UBER(UBER)$; $F(F)$; $MSFT(MSFT)$
Source: Market Chameleon
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$(NVDA)$ $(TWLO)$ $(TSLA)$ $(AAPL)$
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