Option Movers | AMD Sees 68% Call Options; CoreWeave Shows Highest Bearish Sentiment
The S&P 500 and Nasdaq notched record high closes last Friday (July 25), lifted by optimism the U.S. could soon reach a trade deal with the European Union, while Deckers Outdoor surged following a strong quarter for the maker of UGG boots and Hoka sneakers.
Regarding the options market, a total volume of 53,677,338 contracts was traded last Friday.
Top 10 Option Volumes
Top 10: $Tesla(TSLA)$; $Nvidia(NVDA)$; $Palantir(PLTR)$; $Intel(INTC)$; $AMD(AMD)$; $Apple(AAPL)$; $Opendoor(OPEN)$; $Strategy(MSTR)$; $Robinhood(HOOD)$; $Amazon(AMZN)$
Shares of electric vehicle pioneer $Tesla Motors(TSLA)$ jumped 4% last Friday after CEO Elon Musk backed a claim that the company could reach a staggering $20 trillion valuation.
A total number of 5.42 million options related to $Tesla Motors(TSLA)$ was traded last Friday, of which call options accounted for 52%. Particularly high volume was seen for the $315 strike put option expiring July 25, with 424,917 contracts trading.
Shares of $Advanced Micro Devices(AMD)$ jumped 4% last Friday.
A total number of 1.22 million options related to $Advanced Micro Devices(AMD)$ was traded last Friday, of which call options accounted for 68%. Particularly high volume was seen for the $167.5 strike call option expiring July 25, with 166,852 contracts trading.
Unusual Options Activity
$Intel(INTC)$ shares plunged 9% Friday, a day after the chipmaker reported quarterly sales that topped estimates, but posted a loss as it works to engineer a turnaround under the leadership of new CEO Lip-Bu Tan.
A total number of 1.24 million options related to $Intel(INTC)$ were traded on Friday, of which call options accounted for 54%. Particularly high volume was seen for the $20 strike put option expiring July 25, with 45,069 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.
Based on option delta volume, traders sold a net equivalent of -6,113,848 shares of $CoreWeave, Inc.(CRWV)$ stock. The largest bearish delta came from selling calls. The largest delta volume came from the 15-Jan-27 20 Call, with traders getting short 549,411 deltas on the single option contract.
Top 10 bullish stocks: $Citigroup(C)$; $Warner Bros. Discovery(WBD)$; $Robinhood(HOOD)$; $Nvidia(NVDA)$; $CSX(CSX)$; $TSMC(TSM)$; $Palantir(PLTR)$; $Petroleo Brasileiro(PBR)$; $Amazon(AMZN)$; $AstraZeneca(AZN)$
Top 10 bearish stocks: $CoreWeave(CRWV)$; $Intel(INTC)$; $Tesla(TSLA)$; $Riot Platforms(RIOT)$; $Kinder Morgan(KMI)$; $Oscar Health(OSCR)$; $Alphabet(GOOGL)$; $Comcast(CMCSA)$; $QuantumScape(QS)$; $Opendoor(OPEN)$
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$(TSLA)$ $(NVDA)$ $(PLTR)$ $(INTC)$ $(AMD)$ $(AAPL)$ $(OPEN)$ $(MSTR)$ $(HOOD)$ $(AMZN)$ $(CRWV)$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.
