To The Moon

Market Overview

All three U.S. stock indexes closed lower on Friday (Feb. 7) after President Donald Trump said he plans to announce reciprocal tariffs on many countries next week, following weak jobs and consumer sentiment data.

Regarding the options market, a total volume of 47,732,096 contracts was traded, up 2% from the previous trading day.

Top 10 Option Volumes

Top 10: $NVDA(NVDA)$, $TSLA(TSLA)$, $PLTR(PLTR)$, $AMZN(AMZN)$, $UBER(UBER)$, $AAPL(AAPL)$, $AMD(AMD)$, $SMCI(SMCI)$, $META(META)$, $MSTR(MSTR)$

Source: Tiger Trade App

$Palantir(PLTR)$ shares hit a new record last week after reporting a strong 2025 outlook and integration of Grok with its AI platform. The stock edged down 0.4% on Friday.

There are 2.08 million Palantir option contracts traded on Friday, up 20% from the previous trading day. Call options account for 57% of overall option trades. Particularly high volume was seen for the $115 strike call option expiring February 7, with 104,618 contracts trading. PLTR 20250207 115.0 CALL

$Uber(UBER)$ shares jumped 6.6% on Friday after billionaire hedge fund manager Bill Ackman disclosed a large stake in the company.

There are 1 million Uber option contracts traded on Friday, up 82% from the previous trading day. Call options account for 68% of overall option trades. Particularly high volume was seen for the $75 strike call option expiring February 7, with 41,360 contracts trading. UBER 20250207 75.0 CALL

Unusual Options Activity

Source: Market Chameleon

$Amazon(AMZN)$ dipped 4.1% on Friday due to weakness in the retailer's cloud computing unit, Amazon Web Services, and lower-than-expected forecasts for first-quarter revenue and profit.

There are 1.65 million Amazon option contracts traded on Friday, up 58% from the previous trading day. Call options account for 66% of overall option trades. Particularly high volume was seen for the $235 strike call option expiring February 7, with 60,995 contracts trading. AMZN 20250207 235.0 CALL

$Alibaba(BABA)$ shares jumped 3.1% on Friday. Earlier on Friday, there were reports that Alibaba planned to invest $1 billion to acquire a 10% stake in DeepSeek based on a valuation of $10 billion. But an Alibaba executive has denied reports that the Chinese e-commerce giant intends to invest in DeepSeek.

There are 584.97K Alibaba option contracts traded on Friday, up 168% from the previous trading day. Call options account for 74% of overall option trades. Particularly high volume was seen for the $105 strike call option expiring February 7, with 29,162 contracts trading. BABA 20250207 105.0 CALL

TOP 10 S&P 500 Bullish & Bearish

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.

Based on option delta volume, traders sold a net equivalent of -4,166,723 shares of Intel stock. The largest bearish delta came from buying puts. The largest delta volume came from the 19-Jul-24 41 Put, with traders getting short 1,073,989 deltas on the single option contract. INTC 20240719 41.0 PUT

Top 10 bullish stocks: $IBM(IBM)$, $PLTR(PLTR)$, $UBER(UBER)$, $SMCI(SMCI)$, $IVZ(IVZ)$, $ANET(ANET)$, $BMY(BMY)$, $DELL(DELL)$, $NFLX(NFLX)$, $NEM(NEM)$

Top 10 bearish stocks: $GOOGL(GOOGL)$, $TSLA(TSLA)$, $AMZN(AMZN)$, $GOOG(GOOG)$, $AAPL(AAPL)$, $AVGO(AVGO)$, $AMD(AMD)$, $MSFT(MSFT)$, $NVDA(NVDA)$; $INTC(INTC)$

Source: Market Chameleon

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